Common budgeting mistakes…and how to avoid them!!! We see something we like. We have money in our account. So, what do we do? We buy the item without giving thought to whether we can actually afford it. Some of us are guilty…but this is just “one of many” common ...
Can cosigning mess up your credit?!? Be honest…Do you “fully” understand the risks of cosigning a loan? If not, don’t sign your name until after you’ve read this post. Cosigning a loan can help someone with a low credit score or no credit history get financing. ...
How to save a down payment for a house while renting? Today, most mortgage programs require a minimum down payment between 3% and 5%. So if you’re thinking about buying a $400,000 house, be prepared to spend between $12,000 and $20,000 for a down payment – and this doesn’t ...
What is a good debt-to-income ratio, and how to improve yours? Debt-to-income (DTI) ratio might not be a familiar term. However, it’s an important measure of risk when applying for loans, so it’s definitely something to know about. DTI ratio is the percentage of a person’s monthly gross income ...
How to save money to buy a house? Do you need to save money to buy a house? Coming up with enough cash for a down payment and closing costs can be intimidating. The minimum down payment to buy a house ranges from 3% to 5% of the sale price, plus you’ll need another 2% to 5% for closing ...
How to stick with a debt payoff plan? A good debt payoff plan is key to achieving financial independence. And more disposable cash creates more options. The hard part, though, is finding a strategy that actually works for you – and sticking with the plan. Here’s a look at several ways ...
How to prepare your finances for a recession? According to a recent poll, about 6 in 10 Americans feel that we’ll be in a recession by this time next year. Of course, there’s no way to predict the future or know where we’ll 12 months down the line. But that doesn’t mean that you can’t (or ...
15 First-time homebuyer mistakes to avoid!!! It’s not uncommon for first-time homebuyers to make mistakes like house hunting before getting pre-approved, overspending on a property and ignoring their credit. This is to be expected. The truth is, buying a home is more complicated and complex ...
9 Money mistakes that can hurt your finances…big time!!! Let’s be honest, most of us have made money mistakes. Some mistakes were minor and didn’t cause long-term damage. But you might have a few major ones under your belt too. And if so, it might take years to dig yourself out of a ...
You might ask: Is a high-yield savings account worth it?!? A high-yield savings account can help you reach goals faster, but how do these accounts work? And most importantly, how does a high-yield savings differ from a regular savings? Growing a savings account can seem like a tedious task, ...