Having a budget is essential for financial well-being. Understanding how much money is coming in versus how much you are spending can help you plan for the future while making sure you have enough to live on day-to-day. One of the biggest areas to pay attention to is how much you spend on “wants” versus …
How to Take Control of Your Budget: Wants v. Needs Read More »
Most people carry debt from time to time. In some cases, debt may become unmanageable and you may seek out alternative methods to regain control over your finances. Debt consolidation may be a good option for those exploring better ways to manage debt. Consolidating means repaying multiple existing loans, such as credit cards and other …
Opening a credit card account can be a good financial decision for many people. However, if used irresponsibly, it can also be one of the worst. Credit cards are necessary for the vast majority of people — but as with all powerful things, they also require great responsibility. Let’s take a look at the most …
The question of how to retire early is a common one. For many people, early retirement is more than just a dream. Many people can retire early by following a good strategy, working hard, and persevering. Several decades ago, retiring at 60 rather than 65 was considered “early retirement.” Today, the way people view early …
A debt relief strategy involves reorganizing debt to provide some respite to the indebted party, whether partially or fully. For example, you can reduce your outstanding principal, lower your interest rate on loans due, or extend your loan’s term to obtain debt relief. Creditors may consider debt relief only if default repercussions are so severe …
Your credit score is an essential metric that can help you improve your life by unlocking more financial options. A good credit score may allow you to qualify for a business loan to grow your brand, buy your dream house, or even invest in property at the perfect time. A low credit score, however, is …
When you take out a joint loan with another person, often called a co-borrower, you are taking out some type of financing. You and the other party or parties are equally legally liable for repayment of a joint loan or credit card if your application is approved. On the plus side, a joint loan is …
Thinking About a Joint Loan? Here’s What You Need to Know Read More »
Refinancing your mortgage can be a financially empowering move. By refinancing, you pay off your existing mortgage and replace it with a new one. Homeowners refinance for a variety of reasons: To obtain a lower interest rate To shorten their mortgage term To convert an adjustable-rate mortgage (ARM) into a fixed-rate mortgage To cash in …
When is the Right Time to Refinance Your Mortgage? Read More »
Several more interest rate hikes are expected from the Federal Reserve within the fiscal year, resulting in higher interest rates for new personal loans. If you’re planning to apply for a personal loan soon, you’ll want to read on so you know how to make wise money moves now in preparation for the increase in …
Everything You Need to Know About Rising Interest Rates & Personal Loans Read More »
You can easily apply for a credit card online by entering your information and clicking submit. But, getting approved for a credit card requires knowledge and planning. Let’s look at six steps that will ensure a smooth, painless, and – most importantly – quick credit card approval. 1. Become Familiar With Credit Scores You must …
Six Steps to Follow for Quick Credit Card Approval Read More »
