Buying a home is going to be one of the biggest purchases that most people will ever make. Most mortgages are for 15 or even 30 years and you’re financing hundreds of thousands of dollars over that time frame. You want to learn everything you possibly can to not only make yourself look like a great candidate to lenders, but also so you can save as much money as possible. Spend some time reading up on everything you need to know about home mortgages and catch the home loan tips at the end that can save you tens of thousands […] Read more
Life happens. In the blink of an eye, your paycheck yesterday could be spent towards a medical emergency tomorrow. It’s prudent to say that we should always anticipate the unexpected, but without concrete actions and actual preparations, you’ll always be caught off-guard.
You plan for most things in life. You prepared to ace the interview for the job you have right now. You’ve planned your wedding to the littlest detail. You even made a checklist for that vacation you’ve been so excited about. But what about the emergencies like a trip to the ER, an urgent dental procedure or home repair? […] Read more
We all go through the monthly ritual of paying our bills. Whether it’s food and grocery expenses, to essential utilities like water, energy and internet, it’s nearly impossible to survive the modern lifestyle without having to availing, and ultimately, paying for these expenses.
Still, bills can be crippling and eat a good portion of your income. You may not know it, but you’re probably paying more bills than you should. Fortunately, you don’t have to live with this situation forever. You can bring down monthly bills by several hundred dollars, thereby giving you the much needed breathing room in your budget. […] Read more
Saving money is an age-old preaching and is considered to be one of the crucial pillars in financially establishing oneself. Although it’s obvious that you need to have some saving to tide you over various financial circumstances, many people still find it hard to sock some dollars away.
In fact, studies show that more and more Americans have little to zero savings. According to CNBC, Bankrate’s survey found that out of the 34 households surveyed, only 39% were able to meet an unexpected expense of $1,000. What’s even more startling is that many people resort to debt instead of using an […] Read more
Many people are able to travel several times for free, earn several dollars or redeem gift checks just by using their credit cards in their purchases. It’s amazing how this small plastic card is letting you buy things without physically shelling out money up front, and then let you earn you some fantastic rewards in the form of miles, cash-backs, gift checks and more. It’s safe to say that you can earn some while you spend some just by responsibly using your credit card.
But rewards credit cards aren’t all the same. It pays to scrutinize your card deeply, know what […] Read more
Having poor credit score makes you vulnerable to some awkward and embarrassing situations, such as getting declined on the spot to finance a new set of furniture or shiny new electronics. But the case could get worse as bad credit rating can make certain circumstances even more challenging.
Lenders and creditors certainly favor borrowers with good to excellent credit standing, especially when one is trying to finance a new home or car. Even getting a rental apartment or landing a job can be influenced by your credit score. Let’s just say that credit score impacts almost every financial decision you make […] Read more
Financial Terms & Phrases
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3-in-1 credit report
Credit reports combining the data from the three major credit bureaus –Experian, TransUnion and Equifax – that allows you to compare and analyze details of your credit report side-by-side.
In online banking and electronic transfers, the ACH authorization provides access to the lender or credit […] Read more
Worried about money? Don’t worry; you’re not alone. According to a study conducted by the American Psychological Association, approximately 72% of the Americans are occasionally worried about money. Meanwhile, a good 22% are intensely stressed about their finances. If you’re one of them, you’re certainly not an isolated case. Still, you worry about the fact that you’re stressed about money. You need to pay your bills, settle your debts and prepare for retirement – all of which can seem too much to bear in this time of a financial crunch.
You’re not hopeless. You can still take control of your financial […] Read more
There is no denying that the current financial environment is challenging for people with credit issues. The good news is installment loans are helping make funds more available when the need is high and the cash is low. Installment loans refer to the money lending service where you repay the amount borrowed over a specific amount of time, which may differ from three months to thirty years depending on the loan.
Unlike payday loans, which are paid in a single lump sum with high interest rate over a shorter period of time, installment loans are evenly spread throughout the term […] Read more
Are you looking to supplement your day job income with a side hustle, or are you trying to transition into a new business that you can run right from your own home? All new businesses started small, but there’s a significant chance for success if you invest on the right knowledge, tools and equipment and make the time to research your market.
Micro-businesses and home-based businesses are predicted to flourish even more in the following years. Perhaps the best aspect of starting a small or home-based company is that they don’t require much start-up capital and you don’t need a Ph.D. […] Read more