Whether you experience a sudden financial windfall or just find yourself with leftover cash in your budget each month, you might be wondering what to do with those extra funds.
One option is to contribute more money toward the loan on your…
Do you lie awake at night worrying about how you’ll pay off all the credit card debt you’ve acquired? Maybe you’re plagued by a stack of medical bills that continue to arrive in the mail. Or perhaps you took out a personal loan to consolidate debt and then ran up even...
When it’s time to take out a mortgage or open a new credit card, one of the first things a lender or creditor does is check your debt-to-income (DTI) ratio. Generally, an acceptable ratio is 36%. Anything higher, and some lenders begin to worry you’re already carrying too much debt…
It’s important to build good savings habits as early as possible, but there are certain mistakes to be mindful of at every age. Here are some of the most common savings mistakes to avoid at every age.
Savings mistakes to avoid for 20-somethings…
One of the basic tenets of personal finance is to set aside money for savings. However, determining how much you should save each month can be challenging, especially if you’re not sure where to start.
The amount of money you should save each month will vary…
The last few years have been unkind to checking accounts and credit card statements across the country. But if you’re buckling under the weight of looming bills, crushing debt, and insufficient income, there might be a few bright spots that you’re glossing over. It’s easy to be pessimistic…
Whether it’s an online bank offering a higher yield, cutting the cord on your cable or using modern ways that make budgeting easy, every dollar counts, especially if you’re living on a fixed income.
Millions of baby boomers also face the daunting challenge…