Monday, April 12, 2010

Ask the Expert: Send in Your Questions on Personal Finance

If you had the opportunity to ask questions of an expert in managing finances, what would you ask?

Would you ask for tips to build your savings, to get out of debt, or to save for college?  Advice about taking out, paying off, or refinancing a mortgage?  Information on saving for retirement?  Ideas about teaching kids to be financially responsible?  Suggestions on how to live on one income in a two-income world?

Thanks to the National Foundation for Credit Counseling (NFCC), you do have a chance to ask your questions of an expert:  Gail Cunningham, Vice President for the NFCC.  Here's a quick summary of her qualifications:
Gail Cunningham has been in credit counseling for 23 years and has been a featured expert on the nation’s top media outlets including: NBC Nightly News, the New York Times, CNN, NPR, USA Today, Newsweek, Forbes and more. She has also participated in advice columns and stories in Good Housekeeping, Money Magazine, Family Circle and Simple.
So what would you like to ask?  Please send your questions to me--either as a comment on this post or by email--no later than Wednesday evening.  If you'd like to ask anonymously, you're welcome to comment as "Anonymous" or send me a question by email.  (Just let me know and I'll forward the question without your name.)
I'm counting on you to send me some great questions!  :)  Ask away!


  1. I'd want to know how much a 30 year old should be putting aside for retirement each month.

  2. Oh man I need to put more away, heck I need to put $ away. UGH Rick needs to get a job ASAP.

  3. I have racked up a too large credit card debt that I am currently trying to whittle away at. Last year however, I was late - did not miss - but was late 2 payments on a card and they Bank of America jacked my interest up to 29%. This of course is the card on which I am focusing to pay first. I asked if I could get a lower interest rate and they told me that because of my 2 late payments that I could not for at least 6 months. Is there anything I can do to get this lowered? I've never checked on my credit rating, but has this impacted my credit score? Really - almost 30% is outrageous - I'd be happy if they would lower it to under 20%. I joined a credit union and they have a credit card that I can do a balance transfer to for $0 transaction fee and 15%, but worry that my credit score is crap. Any advice?


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