One of the most difficult financial decisions is determining when to use debt and when savings would be more appropriate. This is usually followed by deciding what type of debt is most appropriate for each lending situation. Deciding to go into debt and the type of debt that you will use are extremely important decisions that can impact your financial future for a long time.
It's possible that more than your house that can use Spring cleaning. If you are like most people, your finances could probably use a little work as well. Now is a great time to start and the most of the items on a financial Spring cleaning list can be completely in less than 30 minutes.
Life brings several opportunities to spend money and for most of us this requires a choice on how we are going to pay for what we buy. There are really only two options, borrow or use cash. The choice you make for each type of spending will be a major factor in your long term financial success.
Making poor financial choices is something that most everyone will make in their lifetime however, a few financial decision you might regret forever. There are a few financial mistakes that should be avoided because there is no easy way to remedy the situation if you make these mistakes.
If your son or daughter is heading to college this fall, both you and your child most likely have a lot on your mind – finances, meeting new people, choosing a major, and more. With all of these conversations happening, it’s a great time to talk with your child about the basics of budgeting, establishing credit, and opening a free checking account.
A credit score is a concept that most consumers don’t fully understand and often don’t realize it is used more than just by financial institutions. Understanding what a credit score is and how it is used can be extremely important. It is also important to understand the difference between a credit report and a credit score.
Being a good credit risk starts with your credit score but there is so much more that financial institutions use to evaluate your credit worthiness. And the lower your credit risk the lower your rate will be when you obtain a loan. Following are a few ways you can become an attractive borrower to every lender.
We have all heard that debt is bad, but realistically almost everyone has to have debt. Not many people can really afford to pay cash for a home or a car. Knowing the difference between good debt and bad debt is a key to financial success.