How To Create A Top Quality Budget


Budgeting is a skill that is essential if you want to build up your savings account. Many people never establish any type of budget and find themselves faced with immense amounts of debt. In order to save money and avoid needless purchases it is a good idea to create some kind of plan for spending. To create a quality budget that is easy to follow make sure that it has a clear goal, it’s easy to track, and be honest about spending.

The Importance Of Your Credit Utilization Rate


Unless you’re born rich a good credit score is essential for a good quality of life. Your score can be used to determine whether a landlord will rent to you, whether an employer will hire you, what rate you get on a car loan and whether you qualify for a mortgage to buy a house.

And the better your score the lower your interest rate will be. Just a small difference in the interest rate could save you thousands of dollars in the long run.

The Top 6 Reasons People Fail to Save Money


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.

3 Financial Lessons From Warren Buffett


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.

How To Reduce Your Credit Card Interest Fees


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.

5 Ways Having Bad Credit Can Hurt You


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.

5 Ways To Protect Yourself Against ID Theft


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.