Farnoosh Torabi -- Bank of Mom and Dad budget coach -- is a personal finance contributor, author, speaker, and television personality.
In 2008, she published You’re So Money -- Live Rich Even When You’re Not, a tell-all for young adults searching for financial independence.
You can also catch her advice in Seventeen magazine, where she is a contributing editor. Farnoosh is a financial contributor for Mainstreet.com and AOL'sWalletPop.com. She's also the Senior Blog Editor for Quicken, America's #1 Personal Finance Software. Her work and advice have been profiled in Real Simple, Glamour, Marie Claire, Cosmopolitan, Money Magazine, People, Entrepreneur, The New York Daily News, and The New York Post. She has appeared nationally on Larry King Live, ABC's Good Morning America, and Fox News. She makes frequent guest appearances on NBC's Today Show, MSNBC, and CNN. (She was also sort of on The Daily Show.)
Farnoosh attended Pennsylvania State University -- Go Nittany Lions! -- graduating with honors in finance and international business. She also holds an M.S. in journalism from Columbia University. She doesn't believe in buying expensive sunglasses and recently reduced her monthly cell phone bill by $15 a month just by calling and asking for a reduced rate. In the meantime, she is addicted to all things Diane Von Furstenberg, and recently splurged on a bottle of Hermes perfume. She resides in Manhattan.
What financial advice would you want to ask Farnoosh?
Comments
Dear Farnoosh,
I am 32 yrs old and recently got married. My husband and I have totally different kinds of bad credit. I am 30,000 dollars in debt, mostly school loans, and he has not credit at all. So I have 2 questions, the first, what is the best way to get my husband credit, we've been saving to buy a house! And I have been starting to pay back my loans but with an accident that happened, I no longer no exactly who I owe what to, the 30,000 is just an estimate. How can i locate who I owe to now, not just what is in collection on my credit report????
Dear Farnoosh:
Help! I am the daughter of financially irresponsible parents. They are about to retire with some retirement money in an IRA and will soon get social security, but at the rate they are spending money, they are going to run out of the IRA money in less than FIVE years (even with the social security payments). They are living way above their means and have no plans to scale back. What can I do? How can I stage a financial intervention for my parents?
F.