Purchasing your first home is exciting, overwhelming, and a little scary. As a relatively new homeowner, I’m already thinking of upgrading in the foreseeable future. One of the reasons might be my addiction to multi-million dollar house shows. I often catch myself outlining a long-term plan to afford one of those stunning homes. There’s not …
Financial literacy is not the same as mathematical literacy. You don’t even need to know maths to be financially literate. It has become necessary for me to put that out there because of the scary staggering lack of financial literacy in our society. Disturbing Financial Literacy Statistics Let me show you the disturbing numbers before …
Millennial households are earning now more than ever with a $69,000 median income. But most of them are still buried in debt and living with their parents. The lack of personal finance knowledge is to blame. Anyone can be quick to judge you on your financial decisions and management, but few will take the time …
When asked, most of us have two big goals: buying a house and buying a car. We find these big purchases necessary (most of the time) and consider a house as an investment. Undeniably, not all of us can afford to purchase both simultaneously or even afford to have one on a short-term basis. We …
Being indebted is not a position anyone wants to find themselves in because it’s always a huge financial burden. It’s even more challenging when you owe multiple creditors. I understand that being indebted is sometimes unavoidable. If you are tired of sending multiple monthly payments, then debt consolidation via a personal loan may be the …
Some people get easily intimidated by the idea of managing their own finances. It seems challenging to accomplish and time-consuming. But have you ever come to a point where you suddenly rethink your decisions and wondered, “Where did my money go?” When we don’t get things figured out before payday, our hard-earned money will be …
Also known as “refi.” It’s a process where an individual or company takes a new loan to pay off an existing one. It’s essentially the replacement of the terms of a current credit agreement. The purpose of refinancing is to enjoy lower interest rates, a favorable payment schedule, reduced payment amount, and other terms of …
