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March 16, 2018

The 2017 filing season could be the worst yet for tax-related crime. With widespread confusion about the new tax law, IRS budget cuts, and a record-breaking year for data compromises, there’s an opening for fraud that should be serious cause for alarm, but doesn’t seem to be. The bottom line: you should be concerned. LastRead the Rest »

Common Fraud Scams and How to Avoid Them
March 6, 2018

Bob Mahoney, President and CEO of Belmont Savings Bank, discusses common fraud scams and how to protect against them. Watch more Mahoney Money Minute videos here.

January 2, 2018

If you’re a first-time homebuyer, you might think you’re not ready to purchase a house. Perhaps you’re concerned about your job situation, your previous credit history, or your high monthly expenses. Whatever the circumstances, every borrower and financial situation is unique. Unless you’re a financial expert, it’s best not to self-diagnose your financial problems. YouRead the Rest »

December 26, 2017

Terrell Owens originally was famous for his many National Football League records and over-the-top touchdown celebrations. But he’s also famous for running through most of the $80 million he made during his 15-year career, thanks in part to bad investments and business deals. “Having a lot of money, it’s good but at the same timeRead the Rest »

December 18, 2017

The tallest hurdle to buying your first home will be saving for the down payment. To avoid having to purchase private mortgage insurance, you’ll likely need to put down at least 20% of the purchase price, which will probably mean tens of thousands of dollars. As a young adult, saving this much money may seemRead the Rest »

December 11, 2017

The argument over whether you should invest or pay off debt usually focuses on financial numbers, such as rates of return and interest charges. Maybe happiness should be part of the equation as well. Studies in several countries, including the U.S., Norway, Ireland and Spain, have found high levels of financial satisfaction among elderly people.Read the Rest »

December 6, 2017

Giving to charity doesn’t require a lot of disposable income. If you want to make the world a better place, you can still contribute without cutting a big check…. View Full Post Giving to charity doesn’t require a lot of disposable income. If you want to make the world a better place, you can stillRead the Rest »

November 13, 2017

The average American saves less than 5% of his or her disposable income. Many financial advisors say that isn’t enough to ensure a comfortable retirement. The personal saving rate, calculated by the federal Bureau of Economic Analysis, has hovered around 5% for the past few years. By the end of June, the rate had dippedRead the Rest »

November 6, 2017

Having a budget is a great start. But life will always throw you changes, and with those changes comes the need to revisit—and perhaps reallocate—your budget. Maybe you recently got a raise, moved to a more expensive apartment, or bought a pet. Any of these things would require a change in your monthly financial planning.Read the Rest »

October 30, 2017

More than 40% of U.S. adults struggle to make ends meet, according to a new report from the Consumer Financial Protection Bureau. It found that the financial well-being of U.S. adults varies widely, with savings being the best indicator of wellness, even more than education or income. Those who had means to deal with emergenciesRead the Rest »

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