It may sound a bit obvious, but credit cards can help you build up your personal finances. Here’s how: They can function as your emergency fund. Financial experts are always saying you should save three to six months of your expenses in an emergency fund, recent polls show that many Americans simply aren’t able to...
Credit that’s considered good is in the 700 range. And with that type of credit, you’ll be able to buy a house, even though some think you can only get a house with excellent credit. The place where you’ll see the effects of your credit score the most is in how much you have to...
One of the things you want to do to improve your credit score is to make sure that you pay off your bill on time and don’t miss any monthly payments. However, what happens if you do miss one? Late fees: You’ll need to pay some sort of late fee. APR penalty: Late payments cause...
For those who have borrowed student loans and were worrying about debt accumulating during the pandemic, fret not. There are some measures in place that might help you breathe a sigh of relief: Payments and most collection methods will be suspended through September 30. Suspended loans will still count toward forgiveness. If you want to,...
For those who have been financially affected by the pandemic, there are luckily some options in place that can help you manage your finances. Here are some tips: Save and pay off debt if possible. Stick to a budget. See if you can apply to financial hardship for existing debt. Look into state and national...
As of July 27, Experian Boost users can include on-time Netflix payments to help boost their credit scores. Experian Boost allows you to have paid off bills go toward improving your credit score. Before Netflix was added, the list only included utility and phone bills. There are also plans for this to include other streaming...
When you’re trying to retire, you need to make sure you have a plan in place for your retirement. Here are some tips: Medicare isn’t cheap and it isn’t automatic. You’ll need to look at other policies. You might not be covered when traveling out of the country. If you move out of state you...
Right now, Covid-19 is wreaking havoc on many people’s lives, leading to a jobless rate of 14.7% and approximately 5.4 million people without health insurance. The options for better health insurance isn’t exactly cheap (COBRA, Medicare, Medicaid), which is unfortunate for those who are already suffering.
Small business owners are now in the unfortunate position of needing to reassess their businesses so they can survive the post-lockdown world. This will mean looking at everything from accounts payable to inventory to payroll to rent to see if it’s all still sustainable. And if not, it’ll mean making more sacrifices to survive. Luckily...
If you want to improve your personal finances, there are a few easy things you can do, such as making a budget and prioritizing where your money goes. But to seriously do so, you need to do the following: Not acquire more debt than you can manage. Pay off bills on time, otherwise you’ll hurt...
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