Past Articles From the Money Motivations Personal Finance Series, Designed to Motivate You to Live Debt-Free!
Each potential homebuyer needs to develop a unique real expenses budget based on his or her own circumstances. This involves developing priorities and an understanding of how these priorities affect the household budget as well as the future budget as a homeowner.
Read MoreDid you know that a recent Consumer Reports study determined that about one-third of the US population have errors, both significant and insignificant, on their credit report?
Shocking, right? After all, you readily accept your credit score as accurate and never even question it because you consider its source trustworthy. But 34% is a huge number and hard to argue with!
Read MoreThe tool can help you with four of the five items on Money Fit’s list of steps from its Ultimate Household Budgeting Guide. It can’t help you set your financial goals, but it can help you record expenses and earnings, calculate expenses, and find and fix weak spots.
Read MoreAs a couple, it might seem wise to combine your finances. It makes sense, right? You share a lot of the same expenses. However, you might find it surprising to hear that 20% of people regret merging their bank account with their partner and tend to argue at least once a week about money with their significant other, as stated in this study. Yikes.
You will want to avoid the catastrophic results many couples experience when they make one or more of these five common mistakes. Enjoy peace of mind and financial stability when you avoid these joint account missteps.
Read MoreYou can build credit from scratch faster than you can rebuild bad credit since negative activity remains on your history for seven years or more. Additionally, most lenders who claim to offer loans and credit lines to consumers with poor credit will also loan to those with no credit.
As with everything in life, you will find exceptions to this rule. However, I have found that most people asking this question already have bad credit, or they have had poor credit in the past and worry about a family member or friend going through similar experiences.
Read MoreIf you’re between your 20s and early 30s, you must make solid financial choices. One such choice involves which type of bank account (or accounts) you should open to reach your savings goals.
With all the pressure from work, finishing studies, or paying off debt, you have no time to figure out whether x banking product makes sense for you.
Nonetheless, these dull-sounding products can pave the way to reaching your financial goals faster, depending on your situation.
In this post, you'll learn whether it makes sense, as a young adult, to open a money market account (MMA), a certificate of deposit (CD), both, or none. Let's dive in.
Read MoreBuying a new home? What a milestone! No more rental money going into someone else’s pocket; no more wondering how long until the landlord sells your place. Getting the keys to a first, fully owned property is a special moment and one to treasure.
Read MoreAmericans have not always prioritized financial education even though knowing how to make informed decisions about managing finances and avoiding risks forms a critical foundation to long-term stability. From investing in land and crops in the past to buying cryptocurrency today, people should take financial literacy seriously since it plays a vital role in anyone’s attempt to build wealth.
Read MoreImprove your credit score with these practical tips. They work regardless of whether you are trying to improve a poor score to a good score or a good score to an excellent score. Using these strategies can help you to achieve your credit goals.
Read MoreImprove your credit score with these practical tips. They work regardless of whether you are trying to improve a poor score to a good score or a good score to an excellent score. Using these strategies can help you to achieve your credit goals.
Read MoreFor the last century, a new system of feudal enterprise has taken over the American labor market. While many Americans may not find themselves under the patronage of a feudal lord, they do, however, experience a subservience not unlike that of the peasants that worked the fields during feudalism. Those who have consciousness of this modern-day subservience refer to this economic practice as “wage slavery”, but I think the term “economic bondage” fits better. Let me explain.
Read MoreWomen have made tremendous progress in various economic aspects over the years. However, it has been found that women still lag behind men when it comes to financial literacy.
Financial literacy refers to the knowledge of the skills and tools that we need to make informed decisions when it comes to using our money.
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Our children quite literally embody the future. While they are full of wonder with all of the possibilities that the future holds, we can do things now that will help them prepare for handling their own finances when they become an adult.
Read MoreGraduating from college is a huge achievement — congrats if you’ve recently received your diploma! However, along with the pomp and circumstance, lay a few more serious responsibilities to pay attention to. That includes your budget.
Read MoreThese personal banking tips highlight just a few of the ways you can improve how you invest your time in managing your accounts and making wise financial decisions. Going forward, continue to compare bank account options to find the right fit so your money will work harder and more efficiently for you.
Read MoreChoose cards that have low to zero annual percentage rates (APR) or ones that waive annual fees. Fortunately, around 70% of credit cards today do not have annual fees anymore. If you must pay an annual fee, make sure that the rewards you can accumulate surpass its value. Rewards are useless when you ultimately pay for them with a steep APR and/or exorbitant fees.
Read MoreMany businesses have experienced financial strain throughout 2020 as they struggled to stay afloat during the COVID-19 lockdown. Industries that weathered the storm well, despite making sweeping adjustments to rates, include the auto insurance industry.
Read MoreBankruptcy is like a divorce from your debt. You will feel freedom and relief after letting go of the weight of an unmanageable debt load, but it hits like a wrecking ball on your credit score. Even though bankruptcy will stay on your credit for several years, you can work on repairing your credit and avoid doing anything to damage it while those years pass. Follow these steps to build and repair your credit during and after your bankruptcy filing.
Read MoreThe holidays represent a time of extreme spending and frenzy. If you are in a hurry to complete your holiday shopping while planning parties and other festivities, you might not pay as much attention to your finances or suspicious charges. Fraudsters know this and take advantage of this busy time and increase their criminal activity during the holiday season.
Read MoreYour checking account allows your cash to flow. If you find yourself with a closed bank account, it can cause a lot of financial stress and perhaps drive you into debt or late payments. A lot of people don’t know that the decision to keep your account open or not rests with the bank’s discretion. If you want to find out the three most common ways a bank account gets shutdown and how to avoid it, read on.
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