Posted On: February 21st, 2014
If you are reading this, chances are you already know the benefits of saving money. It is pretty straightforward that most people can appreciate why it is a good idea to save.
You need to save because emergencies can pop up at any time. You need to be in a financial situation where you can cover and fix any emergencies that might come up which includes medical emergencies, loss of job or home. You just never know what is in store in the future so you need to be prepared by saving money up to take care of these.
Posted On: January 26th, 2014
Warren Buffett is everyone’s favorite billionaire. The world’s richest man is in many ways just like you. He drinks Coke and eats hamburgers and french fries, drives a beat up car and lives in a 4 bedroom house. In other ways, he is quite different, he owns a jet and collects quality companies the way people collect shot glasses on vacation.
Posted On: January 9th, 2014
The worst part about being in credit card debt isn’t necessarily paying back the debt – but it’s paying all the interest fees that go along with it. If you have bad credit and have a high interest rate on your credit card you could be paying out hundreds of dollars per month on interest payments alone.
When you receive a loan (and credit cards are a loan) you need to pay interest to the creditor. When you buy a house, interest rates are pretty low (about 5%). When you buy a car, the rates are a little higher (about 9%). The reason the rates are low is because if you miss a few payments the bank would take your property away.
Posted On: December 9th, 2013
Having bad credit can make a real impact on your everyday life. But a bad credit score due to your missed credit card payments doesn’t just mean you’ll have the shame of a low score. It has other more far reaching affects. Here are the top five ways that having bad credit hurts you.
Posted On: November 14th, 2013
You guard your house by having an alarm system. You guard your car by locking it. You guard your money by putting it in a wallet inside your pocket. Well what are you doing to protect your identity? If the answer is nothing, you may already be a victim of identity theft and not even know it.
While you may not make yourself completely immune from identity theft, you could however use some common sense tactics to decrease your chances of having your identity stolen. Here are five ways you can protect yourself from being the next victim of identity theft.
Posted On: October 17th, 2013
If you have bad credit you might think you are doomed to ride the city bus and rent a house your entire life. Items such as a bankruptcy or debts in collection are going to ding your credit. These negative items will stay on your report for the next seven years. So you may think that you’re screwed for several years. But that might not be the case entirely. Sure, bad mistakes made when you were younger are indeed going to hurt you, but there are things you can do to to boost your credit score right away.
Posted On: September 13th, 2013
Getting out of debt is not easy, but it is possible if you have a plan to destroy your debt. While these steps may not be sexy, they will work if you stick to them. Here is your blueprint to pay off your debt and get back in the black.