When to Crack into Your Retirement Savings Early

While it’s usually best to avoid withdrawing from your retirement funds early, there are a few special situations when it can be advantageous to do so. Discover which scenarios might legitimize this transaction and learn how ...

The Financial Pros and Cons of Home Schooling

Home schooling is an increasingly popular choice for parents who want the flexibility to customize their children’s education outside the traditional system. It’s also a choice that requires careful budgeting. Here are some ...

Colonial Named Top 25 Mortgage Company

Colonial Savings, F.A. has been named to the list of Top 25 Mortgage Lenders and Servicers in the Mortgage Industry by MReport, a leading source of breaking news and up-to-date information for the housing and mortgage industry. The ...

Should You Downsize?

According to a Harris Poll survey performed on behalf of Trulia, 64.2 percent of baby boomers — except those already living in a small home measuring less than 800 square feet — expressed a desire to move into a smaller home ...

The True Cost of Teen Drivers

Your teen is almost certainly anticipating the moment you hand over the car keys. You, on the other hand, are probably dreading doing so. It’s only natural that you would worry. Even if your teen is a confident and capable driver, ...

Identifying Your Wants Vs. Your Needs

The foundation of successfully managing your finances is budgeting, and a pillar of budgeting is learning to distinguish your needs from your wants. If you can’t differentiate those, you could wind up overspending on luxuries ...

Common Financial Fees

You’re working hard to build up your financial accounts by filling them with the money you’ve earned. When you look at your monthly statements, sometimes you might notice some of that cash being deducted to pay a variety of ...

Should Having Children Change Your Retirement Savings Priorities?

If you have children, chances are you want to help them pay for some portion of their university tuition. Although it might be tempting to focus on building your child’s education fund above your retirement fund, it’s not ...

Tips for Paying Off Credit Card Debt

Chances are you owe a balance on your credit card or cards. Statistics show that it is quite likely you owe more than a little. According to NerdWallet’s “2016 American Household Credit Card Debt Study,” the average U.S. ...

Navigating Your 401(k)

Whether retirement is far off in the future or right around the corner, you need to start planning for it now. Starting with your 401(k), the following tips will help you navigate the complexities of saving money when you’re ...