Money management can be tricky, but it’s much easier in 2020 with the wide variety of personal finance apps that are available. With just a few swipes on your smartphone, you can view your portfolio, track your bills and maintain your budget while on-the-go.Continue reading
When your employer offers a retirement savings plan like a 401(k), saving for retirement can seem easy. These plans allow you to automate your savings so you can set it and forget it. If your employer doesn’t, not only do you miss out on benefits like a savings match, but you may not know how to begin planning for retirement.Continue reading
Maxed out your credit card? It’s OK. It happens. The important thing is to understand the consequences and find out what you can do to get the debt under control. The immediate impact of maxing out your card depends on your current financial situation.Continue reading
It’s the cardinal rule of credit card use: “Whatever you do, don’t max out your credit card.” It’s good advice, but there are always exceptions to rules. Remember, maxing out your credit card is risky if you won’t be able to pay down the balance fairly quickly.Continue reading
Making smart decisions with your money requires you to juggle multiple financial goals at the same time. That’s why we know that saving for retirement often goes hand in hand with managing your debt. If you are contemplating how to save for retirement when you have credit card debt, this blog will cover many common scenarios to consider when making your decision.Continue reading
Having a credit card gives you the financial freedom to make large purchases and pay back the balance later, but this freedom only goes as far as your credit limit. Learn the do’s and don’ts of a credit card limit increase toContinue reading
Summer is one of America’s favorite seasons for spending. It’s a time to take vacations, tackle big home improvement projects and spend money on events like weddings, concerts, parties and family reunions.
In response to the COVID-19 pandemic, this summer looks very different than what we are used to. This year, Americans will be taking fewer or different types of vacations and skipping typical summer events, but that doesn’t necessarily mean we won’t be tempted to spend money!Continue reading
If you’ve explored your credit card options or looked into a mortgage or car loan, you’ve likely come across the term APR. This number can be a quick way to compare borrowing costs, but understanding what goes into the calculation and what this percentage truly means can be tricky.Continue reading
“I never thought I’d consider bankruptcy” Does this sound familiar? As you research the impact of bankruptcy you may be questioning what will happen with your financial future if you move forward.
It can be difficult to find resources that describe the aftermath because every bankruptcy experience is unique. While we feel comfortable going to our friends for advice on where to shop, or what kind of car we should buy, financial troubles are rarely discussed.Continue reading
Trying to get credit when you have no credit history is a catch-22. Lenders rely on credit reports to assess their risk and many aren’t willing to lend to borrowers without enough history to generate a score. We usually assume that this problem only affects young borrowers, so you might be surprised to know that 1 in 5 Americans have no credit score.
Approximately 26 million Americans are “credit invisible” meaning they have no established credit with any of the major reporting agencies. Another 19 million Americans are considered “unscorable” which means they didn’t have enough credit for a score or their credit has been inactive too long to be scored.Continue reading