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Knowing how to manage your credit score is an essential aspect of personal financial. A high credit score will open doors and provide you with the highest rates of interest when you need to get money to purchase an automobile, a house or any other major purchase. However a low credit score can shut the...
The mere idea of filing bankruptcy can make anyone anxious. However, in certain situations it can be the most beneficial option for your personal financial needs. Although it remains an negative mark on your credit file for a period of up to 10 years, bankruptcy can help ease the burden of huge amount of debt. There are three...
WhInterest is among the most rewarding aspects of saving money. Even if you’re earning a 0.5% return on your investment the 0.5% can add to. Every penny of that interest is also earning interest. This is also called compound interest. Interest earned on your interest is paid as you move. As interest rates rise you can gain a...
A first home purchase can be stressful and overwhelming. While it’s fun to tour homes and imagine the dream house you’d like to have, overcoming the financial hurdles is a different story. But don’t fret. This comprehensive guide for homebuyers who are first-time buyers will guide through the entire buying process from beginning to end....
If you’re in the market to buy a new car generally, you have two choices: either pay cash or get an auto loan. We’d all love to pay for the purchase without taking out a loan however, this isn’t an option for the majority of people. If you’re in search of an auto loan over...
Investing is not just about saving for the future. It’s about wealth creation strategies that allow your reserves to actually grow. That’s because investing typically gets you a higher interest rate than if you kept all your money in a traditional savings account. While historically low interest rates are great when you need to...
Investing has become much easier over the years thanks to the popularity of robo-advisors. Instead of working with a human financial advisor, robo-investing uses algorithms to create a wealth management plan for each investor. There are many advantages to using these services. Robo advisors are usually cheaper than hiring a financial advisor. They allow...
Anyone who is well-versed in personal finance knows that it’s never too early or too late to start thinking about retirement. An Individual Retirement Account (IRA) is a type of retirement account that allows you to save for your golden years in a tax-advantaged way. There are several types of IRAs – Traditional, Roth,...
The market for stocks is never more accessible than it is now. With the wide range of brokers on the internet today, you can trade ETFs, stocks and other securities at in the privacy of your home, or even while on the move. With numerous options what do you do to choose the best one? If...
Employer-sponsored 401(k) scheme is among the most commonly used methods to save to fund retirement. For many employees, it is the only saving account for retirement. It’s common to be concerned and have questions in regards to savings for your retirement. The question that is asked most frequently is “How much should you contribute to your...
