personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
Do You Need a Credit Make-Over?
Do You Need a Credit Make-Over? How much is good credit worth to you? The answer depends on what you’re trying to do. Are you trying to finance a car? A high credit score—and more specifically the low interest rate it’s likely to earn you—can reduce your monthly payment by a hundred dollars or more. If you’re buying a home, the savings you’ll realize over the life of a 30-year mortgage can reach well into the five-figure range.
By Anita Clark Realtor6 years ago in Trader
How to Get Your Free Credit Report and Scores
What to Know About Credit Reports and Scores There are a significant amount of people who are not aware that you can get your credit report for free. However, according to the law, you can obtain your credit report free once a year.
By Bill Gassett6 years ago in Trader
Don't Let Tax Time Get You Down
With tax time right around the corner, it’s time to start preparing. Although doing taxes isn’t exactly a fun activity, the reward that comes along with it is more than worth the effort. However, when it comes to taxes, you need to be as accurate as possible.
By Mia Morales6 years ago in Trader
5 Most Popular Money Mistakes
You may be still making some financial mistakes without even knowing that they are mistakes. Today we all are too busy and most people don’t find time to analyze their financial behavior. As a result, we have our current financial situation, but it’s time to stop for a while and to ask ourselves what brought us where we are now. Making mistakes is a part of life, but let’s figure out how to minimize it and which financial decisions and moves significantly harm our well-being.
By Alicia Sanders6 years ago in Trader
No Financial Dependence
I know it's a lot easier to ask people to lend you money but what if you can't afford to pay back your friend ? Now you begin to feel guilty. As the individual you may even tried to avoid your friend. It is not a matter of whether you're bad person or not. A matter of observing your finances and seeing why you cannot pay money. Lending money to a friend or a relative isn't such a lousy idea. Giving money can be helpful, when someone is in need of cash immediately. Example: If that person's electric bill is due today but he/she don't have any money left in their bank account. The actual downside of asking for money is it can turn into a bad habit. Some people have ended up asking for money from others and never pay them back. Soon the individual won't be able to afford anything because he/she owe people money. You may not be able to buy other items. You may lose track how many people you owe. The best way to get money is having side hustles. For example: sell things you don't use anymore. Websites like letgo.com where you negotiate with others on what price to pay for your stuff. Getting paid from websites between $5 and $10, the more money you will be able to pay for a late overdue bill. Let's say you save $10 for 7 months; that will equal to $70 total. Good enough to buy food from grocery store. Relying on your family's bank account could keep a person oblivious to money. If you never had to work before in your life. You will be at a huge disadvantage. It's one thing to ask for $8 from your mom or dad. To not know how to obtain $8 is a different problem. One downside to being financially dependent is not taking the time to think about how much is being spend. Another example: who's been working at the same car factory for 20 years. Becomes physically disabled after a leg injury. His doctor tells him he won't be able to work. Your mother cannot work due to her mental disability. So as of now you are left with two options. Deal with having no allowance or get a job. Earning would be the better option. Why? You learn as you go along. Building connections or develop new skills. But here is the one good reason. Knowing how much you get paid per week helps you see where your financial situation is. Soon the individual will know what to do. Budget how to spend your paycheck. Also how to save some of your paycheck. You get to realize what you can afford verses what you cannot. For the most part you Will gain some money on your own. After depositing your first paycheck in bank account. You can begin counting your dollars on paper . Start to decide how much cash to withdrawl each week. Taking out cash is a way to count someone's pennies. Saving some cash in a jar is a good place to start. At this point you will be able to something in your pockets at all times. Which will give you the ability to have your own money and won't have to ask anybody to lend you anything. One trick to remember is when you're about to run out of cash. Save $2 in your wallet then deposit it in your bank. To add more money to that $2. Earn $5 from an app and it will equal to $7. Another trick is to have a side hustle. The way to have a side hustle is to know what you can sell quickly. If good at making jewelry. There is a very good chance to make sales. Another: get a investment account open. Receiving returns on your investment will help you to be financially independent. After you invest $100 in the stock market. The return from this amount of money is very rewarding. If you can't afford to put $100, start investing $10 then wait for a few months.
By Kristen Dean6 years ago in Trader
Know the Ways by Which Your Credit Rating Can Affect Your Borrowing Power
A poor credit rating can impact your borrowing power to a great extent. Sometimes lenders may not deny your loan, but their chances of charging you with a higher rate of interest inevitably increase when you have a poor credit score. So, before you apply for a loan, use a borrowing power calculator to check your current status – it helps you to make an informed decision, and you can also take precautionary steps if required to improve your credit score.
By Lauren Williamson6 years ago in Trader
Becoming Celebrated
Do you have a legal document or financial account such as a 401k, a will or a trust? It's great if you do! But how long has it been since you’ve looked at the beneficiary? 1 year? 2 years? 10 years? Any of those is too long! Today, we are going to learn about the importance of reviewing your beneficiaries.
By Isaiah Goodman6 years ago in Trader
Becoming A Bridge
Earlier this year, in March 2019, we saw stories of scandals in which celebrity parents were breaking rules to get their children into certain schools. We all want to ensure our children have the very best opportunities in life, but there are certainly better ways of accomplishing this! Today we are going to learn about a few ways that we can be a “bridge” for our kids. We can help them to be set up for success when they are ready to follow their educational paths.
By Isaiah Goodman6 years ago in Trader
