Author: personal-finance

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Credit Card Ownership by High School Seniors

Scott, R. H., Jr. (2010). Credit Card Ownership Among American High School Seniors: 1997-2008. Journal of Family and Economic Issues, 31, 151-160.

Brief Description: High school is when many students get their first credit cards. Jump$tart for Financial Literacy has tested the personal financial knowledge of high school students from across the U.S. since 1997. Using data from the Jump$tart surveys, this study compared the characteristics of various groups of high school students with and without credit cards. Students with …

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Forbearance Plans for Credit Card Accounts

Agarwal, S., Chomsisengphet, S. & Mielnicki, L. (2008). Do forbearance plans help mitigate credit card losses? Journal of Family and Economic Issues, 29(2), 191-209.

Brief Description: Credit cards are the means of payment for millions of routine transactions, with the volume of credit card debt increasing dramatically in the last few years. This has led secondary market agencies, investors, and insurers of credit cards to employ forbearance options such as lengthening repayment terms, lowering interest rates, and permitting card …

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Barbara O’Neill

Barbara O'Neill

Dr. Barbara O’Neill is Rutgers Cooperative Extension’s Specialist in Financial Resource Management.  Barbara is eXtension’s leader for the Personal Finance Ask an Expert and Frequently Asked Questions (FAQs) resources.

Dr. O’Neill earned her Ph.D. in Resource Management and Family Economics from Virginia Tech University. She also holds a master’s degree in consumer economics from Cornell University and a bachelor’s degree in home economics from the State University of New York-Oneonta. Barbara holds numerous professional certifications including certified financial planner (CFP), …

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Michael Gutter

Michael Gutter

Michael conducts research into factors that influence financial behaviors. He is particularly interested in how financial education and financial socialization are related to financial decision making. His goal is to help families achieve financial security.

Michael is an Associate Professor and Family Economics State Specialist for the Department of Family, Youth, and Community Sciences in the University of Florida’s Institute for Food and Agricultural Sciences. Michael coordinates interactive learning programs for eXtension’s personal finance resource area, also know …

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Health Insurance FAQs

The Health Insurance Literacy ASK group provides answers to your questions about the Affordable Care Act to help you make smart health insurance choices and to plan your personal finances.

Here is a collection of the most common questions. If you can’t find the answer to your question among the list, you can search for additional information using the search box at the top of the page or submit your own personal question to our Ask an Expert Feature. …

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Barb Wollan

Barb Wollan, Iowa State University Extension and Outreach

Barb Wollan teaches families and individuals about personal finance. She is particularly interested in helping low-income families improve their finances and maintain their family stability. Working with a number of at-risk audiences has made Barb aware of the complex issues and constraints faced by many low-income families.

Barb is a Family Finance Program Specialist for Iowa State University Extension and Outreach where she provides financial education for nine central Iowa counties. She joined ISU Extension in 1995 after serving six …

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Virtual Economics: Bitcoin and Beyond

Bitcoin

The myriad voices publicly explaining, debating, arguing, sniping, and prognosticating about the future of the new digital “cryptocurrency”  Bitcoin, propelled the virtual currency to a top spot among the hottest news topics of 2013, with little sign of cooling off.

Its advocates describe Bitcoin as the future of money, populist banking, decentralized trust, and the currency of social revolution that will enable global collaboration on an unprecedented scale.

Critics decry it as play money in a virtual casino, an …

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The Affordable Care Act and Income Taxes

Barbara O’Neill, Ph.D., CFP®

Extension Specialist in Financial Resource Management and Distinguished Professor

Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

 

For the first time ever, during the 2014 federal income tax year, health insurance became intertwined with income taxes. More than 75% percent of Americans with year-long health insurance provided by an employer, private insurance policy, or other non-Marketplace health insurance source simply have to check the “Full-year Coverage” box on Line 61 of the 1040 tax form. For others, the process of …

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Do You Know Your Digital Assets?

Barbara O’Neill, Ph.D., CFP®

Extension Specialist in Financial Resource Management, Rutgers Cooperative Extension

oneill@aesop.rutgers.edu

The term “digital assets” refers to personal information that is stored electronically on either a computer or an online “cloud” server account. Anyone who uses e-mail on a computer, has a password protected cell phone, uses social media, makes online purchases, or pays bills or does banking online has digital assets.

Digital assets generally require a user name and/or password or PIN to access and can …

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Molly Herndon

Molly Herndon

  Molly Herndon is the Social Media Specialist for the Military Families Learning Network’s Personal Finance Concentration Area. Since 2011, she has managed her team’s social media presence and worked to create a network for Extension Educators and Military Personal Finance Managers by providing resources and information on personal finance topics through various social media outlets and the Military Families Learning Network Blog. She has also supported the efforts of her team by coordinating and promoting monthly professional …

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