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Buying your first car will require some time and effort on your part. Here's a step-by-step guide to get the best deal on a new ride.

By MSN Money Partner Wed 12:09 PM

This post comes from Allison Martin at partner site Money Talks News. 

 

Money Talks News on MSN MoneyIf you're in the market for your first car, there's nothing more exciting than the thought of cruising down the highway in the driver's seat. No more carpools and public transportation; just you and your new ride.


But it takes a little time and effort to make those dreams a reality. You don't want to be bamboozled by a slick car salesman.

 

Some scams are new, while others are oldies (but baddies). Keep your guard up when it comes to deals that sound too good to be true, or unsolicited calls about your computer.

By Credit.com Wed 11:07 AM
This post comes from Christine Di Gangi at partner site Credit.com.

Credit.com on MSN MoneyAs much of a joke as those Nigerian-prince-email scams have become, people sadly fall for them. That "pay me now, you'll get millions later" operation has been around for decades (the Boston Globe says it's 200 years old) and has found ways to work from paper letters, emails and texts, and given that longevity, it's probably never going to disappear.


Damaged laptop © Jason Stang, Photo LibrarySome scams are more cleverly designed than this one (at least, they're less well-known and, therefore, more effective), but even the seemingly most obvious tricks find victims. When scammers succeed, they're likely to keep searching for prey, or at least someone will try to copy their techniques.


For example:

 

Americans lack basic supplies, according to an Insure.com study.

By QuinStreet Tue 2:12 PM

This post comes from Marjorie Musick at partner site Insure.com.


Insure.com on MSN MoneyA quiet hurricane season can lull us into complacency, but it’s important for homeowners in hurricane-prone areas to stay on top of weather reports and their insurance policies.


Hurricane winds © Exactostock/SuperStock"It's important to keep in mind that even one major hurricane can do catastrophic damage and it's important to be prepared just in case one strikes in 2014,” says Bonnie Schneider, national television meteorologist and author of “Extreme Weather.”


Here are tips from insurance and weather experts on surviving a hurricane season.

 

A growing number of Americans are selling their homes and possessions and spending their retirement years traveling abroad.

By MSN Money Partner Tue 1:38 PM

This post comes from Krystal Steinmetz at partner site Money Talks News. 

 

Money Talks News on MSN MoneyAn increasing number of older Americans is downsizing -- selling their house and purging their belongings -- and hitting the road, traveling and sightseeing abroad.


According to The New York Times, the international nomadic lifestyle is gaining in popularity with retirees. In 1993, 9.7 percent of all retirees were traveling abroad. In 2012 that percentage swelled to 13 percent, the Times said.


 Couple on vacation © Image Source/SuperStockAbout 360,000 Americans received Social Security benefits at foreign addresses in 2013, about 48 percent more than 10 years earlier. An informal survey of insurance brokers found greater demand by older clients for travel medical policies. (Medicare, with a few exceptions, does not cover expenses outside the United States). While many retirees ultimately return home or become expatriates, some live like vagabonds.


Lynne Martin, a 73-year-old retiree and author of "Home Sweet Anywhere," lives the nomadic lifestyle with her husband, Tim. In an article she contributed to The Huffington Post, Martin said they sold their California home and most of their belongings, put their prized possessions in a small storage unit, and hit the road. Martin said they've traveled across the globe, staying in temporary homes for a couple of weeks to a few months at a time.


She wrote:

 

Manage your finances smartly and you'll reap the rewards -- these credit card rewards, to be precise.

By Credit.com Tue 1:32 PM
This post comes from Jason Steele at partner site Credit.com.

Credit.com on MSN MoneyOne reason many people dislike credit cards is that often, they impose harsh interest rates and fees when cardholders carry debt or miss payments.


Credit cards © Fancy, Veer, Corbis,

For example, most cards charge a late payment fee equal to the minimum payment or $25, whichever is less, and up to $35 for subsequent late payments. In addition, cardholders who pay late lose their grace period and have to pay interest charges on all of their purchases.


Thankfully, there are some rewards cards with incentives that encourage customers to use their credit cards responsibly, and at least one that has simply eliminated fees altogether.

 

Motor vehicle crashes are the leading cause of death for U.S. teens. Techno-parenting might save your novice driver's life.

By MSN Money Partner Tue 12:53 PM

This post comes from Donna Freedman at partner site Money Talks News. 

 

Money Talks News on MSN MoneyWorried about putting your teenage son or daughter behind the wheel? You should be.


According to the U.S. Centers for Disease Control and Prevention, motor vehicle crashes are the leading cause of death for teens in the United States. Based on miles driven, teen drivers are three times as likely to be in fatal crashes as drivers age 20 and older.


Young driver on cell phone © BananaStock, JupiterimagesFortunately, there's an app for that. Or, rather, a whole range of technology that allows parents to:

  • Monitor a teen's day-to-day driving.
  • Shut down incoming calls and texts.
  • Prevent him or her from going over a certain speed.
  • Track whereabouts (including areas where they’re not supposed to be).
  • Restrict the audio system to a certain level.

Some of these devices can be tracked in real time, by the parents. Others will send regular e-reports on bad behavior. You might even save money on your auto insurance by installing one of these products.


The bad news? Your kid might feel spied upon. The good news? Techno-parenting could save his life.

 

A reader and her husband were surprised to find a delinquent account on his credit history, and now they need to clean it up before they apply for a mortgage. Possible? Yes.

By MSN Money Partner Tue 12:47 PM

This post comes from Stacy Johnson at partner site Money Talks News. 

 

Money Talks News on MSN MoneySometimes there are reader questions I can answer off the top of my head. Others require research. Then there's the occasional situation that I've personally lived through. Such is the case with this week's question. Except for the creditor and amount, it's almost identical to something that happened to me about 20 years ago.


Mortgage document © Southern Stock Corp/CorbisHere's the question:

My husband and I are trying to pre-qualify for a mortgage, and when we checked his credit report there was a delinquent account we were not aware of. After disputing this account, we discovered his ex-wife had put him down as a responsible party on a dental bill for his daughter. Experian will not remove it from his credit report, and it has hurt his score. The disputed amount is $188. If we pay this, will it improve his score in time for a house closing later this year? -- Lynette
 

New data show what percentage of owners go without coverage as their cars age.

By QuinStreet Tue 11:59 AM
This post comes from Donna Freedman at partner site Insurance.com.

Insurance.com on MSN MoneyThinking about dropping the collision coverage on your trusty but aging jalopy? You're most likely to do so after the car's eighth birthday, according to a new analysis from Insurance.com.

Woman driving car © Pixland, JupiterimagesBased on data from more than half a million car insurance quotes, the study indicates more drivers opt to drop at year eight than any other time. Nine out of 10 owners of seven-year-old vehicles have collision coverage, but only 75 percent of eight-year owners still do.


By year 12, half of car owners have dropped collision coverage.


"When you drop collision coverage, you're essentially saying that you can do without that car or have a way to replace it without the help of insurance coverage," says Insurance.com Managing Editor Des Toups. (You can see how much coverage people with cars the same age as yours have in the "What Drivers Like You Buy" tool.)


Collision coverage pays to repair or replace your vehicle when you are at fault or the guy who hit you is uninsured. It's required while you're still paying off an auto loan (along with comprehensive, which pays for things like theft and vandalism) and is a good idea for some years after that.


How many years? That depends. We asked some people who think about money a lot how they decided to keep collision or drop it.

 

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