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Elizabeth Smith

Credit Card, Savings and Retirement Expert

Liz Smith is a graduate of New York University and has been passionate about helping people make better financial decisions since her college days. Liz has been writing for SmartAsset for more than four years. Her areas of expertise include retirement, credit cards and savings. She also focuses on all money issues for millennials. Liz's articles have been featured across the web, including on AOL Finance, Business Insider and WNBC. The biggest personal finance mistake she sees people making: not contributing to retirement early in their careers.

Posts by Elizabeth Smith:

by Elizabeth Smith Nov 13, 2018

Paying for college is a challenge, and rising tuition costs certainly don’t help. According to College Board, the average cost of a four-year private college has increased by more than $3,000 over the last five years. Scholarships, grants and work-study programs can help bridge the gap, but it’s best to have a robust savings to back you up. Since some parents don’t want their child to take on too many loans themselves, the federal government created Parent PLUS loans. They stand out from other programs thanks to a fixed interest rate and flexible repayment options. Here we discuss what exactly a Parent PLUS loan is, how it works and whether you should get one. Read more

by Elizabeth Smith Oct 19, 2018

Being a landlord can significantly bolster your savings, but it’s also a lot of work. On top of the finances and responsibilities of your own living space, you have to find tenants, secure insurance and pay a mortgage and property taxes. Renting a home can also complicate your personal tax situation. Luckily, Uncle Sam allows you to deduct some expenses associated with running a rental property. The IRS stipulates that deductible expenses must be ordinary and generally accepted in the rental business, along with being necessary for managing and maintaining the property. From mortgage interest and insurance to utilities and repairs, here are some rental property tax deductions landlords should take advantage of. Read more

by Elizabeth Smith Oct 18, 2018

Most of us know that a savings account is a smart place to store money. Savings accounts have higher interest rates than checking accounts and, as such, help us earn more without sacrificing liquidity. And although they yield lower returns than most other investments, they are much lower risk. Yet even though savings accounts are part of most Americans’ financial plans, many of us don’t understand how the interest rates they offer work. Understanding this key element of your savings account is important to help ensure you’re making the most of your earnings. Read more

by Elizabeth Smith Sep 07, 2018

Between vibrant cities like Nashville and quiet towns deep in the Appalachians, Tennessee has something for everyone. Life in the Volunteer State means steeping yourself in history, culture and… Read more

by Elizabeth Smith Sep 07, 2018

No matter where you hope to live in Louisiana, you’ll never be far from great music, delicious food and exciting activities. Unfortunately, picking a mortgage is much harder than picking a… Read more

by Elizabeth Smith Sep 07, 2018

With expansive plains, bustling river towns and below-average mortgage rates, we don’t blame you for wanting to plant your own roots in the Missouri. The purchase of buying your first home can be… Read more

by Elizabeth Smith Sep 07, 2018

Nevada is so much more than 24-hour parties in Las Vegas. In fact, it’s one of the fastest-growing states in the country. But if getting a mortgage or paying a down payment is holding you back, check… Read more

by Elizabeth Smith Sep 07, 2018

Thanks to beautiful scenery, relatively affordable mortgage rates and robust economy, Idaho is an great destination for new homeowners. If you’re thinking about settling in the Gem State, check out… Read more

by Elizabeth Smith Sep 05, 2018

No matter where you hope to settle in Georgia, housing costs usually will be relatively affordable. Buying your first home can still be intimidating, of course. Georgia’s Department of Community… Read more

by Elizabeth Smith Sep 05, 2018

According to some studies, Indiana is the most affordable state to buy a home. Buying your first home in the Hoosier State could be an intimidating process. Between the inspections and mortgage, it… Read more

by Elizabeth Smith Sep 05, 2018

Purchasing your first home in the Hawkeye State can be intimidating and expensive. It will likely include financial situations and conversations you’ve never encountered before. Luckily, the federal… Read more

by Elizabeth Smith Sep 05, 2018

Maine is a state of fresh lobster, beautiful fall foliage and antique wonders. Between Acadia National Park and 3,478 miles of coastline, the Pine Tree State is essentially a Northeastern paradise.… Read more

by Elizabeth Smith Sep 05, 2018

With just three counties and plenty of historic charm and seaside beauty, Delaware ranks well in SmartAsset’s top 10 states for the middle class. So if you’re hoping to settle in Sussex, New Castle… Read more

by Elizabeth Smith Sep 04, 2018

Both the federal and Oregon state governments offer first-time home buyer-centric loan options in an effort to simplify the entire mortgage application process for newbies. There are a number of… Read more

by Elizabeth Smith Sep 04, 2018

Both the federal government and Utah Housing Corporation sponsor first-time home buyer programs and down payment assistance to help Beehive State settlers achieve homeownership. Some cater to low… Read more

by Elizabeth Smith Sep 04, 2018

Michigan’s economy has experienced its ups and downs over the last few decades. Population decline and the national housing crisis have driven prices and mortgage rates down, making it an attractive… Read more

by Elizabeth Smith Sep 04, 2018

Buying your first home is an intimidating and expensive process for most. That’s why the federal and Washington state governments have created programs, financial grants and mortgage programs for… Read more

by Elizabeth Smith Sep 04, 2018

Thinking about joining the eight million people who call Virginia home? Before you get packing for Old Dominion, you may want to consider some of the mortgage programs specifically built for first… Read more

by Elizabeth Smith Sep 04, 2018

Dramatic landscapes, mild winters and a relatively low cost of living are drawing an increasingly diverse population to the state of Arizona, including new parents and retirees. In fact, it’s one of… Read more

by Elizabeth Smith Aug 29, 2018

If you love hot dogs, deep dish and hockey, chances are Illinois is already on your radar. Considering that median home prices are 15% lower than the national average and mortgage rates are on par… Read more

by Elizabeth Smith Aug 29, 2018

It’s safe to say Ohio has a healthy housing market. List prices have climbed steadily and property taxes are reasonable for the Midwest. Buying your first home in Ohio can still be intimidating and… Read more

by Elizabeth Smith Aug 29, 2018

Purchasing your first home can be intimidating. In Maryland, where there’s no county with an average list price under $100,000, it can be expensive too. Going through the homebuying process, you will… Read more

by Elizabeth Smith Aug 29, 2018

Between breathtaking natural beauty, a burgeoning craft beer scene and a plethora of job opportunities, there are plenty of reasons to move to Colorado. Unfortunately, home prices in the Centennial… Read more

by Elizabeth Smith Nov 06, 2018

Online banks offer some of the best interest rates in the industry. They also tend to raise a few eyebrows. In most cases, they’re just like any other bank only without physical branch locations.… Read more

by Elizabeth Smith Aug 07, 2018

There’s a lot you have to plan and save for when thinking about your future. Saving for retirement should be at the top of your list. But if you’re planning on buying a home or having a family at… Read more