The Importance and Suggested Frequency of Credit Monitoring
According to the Federal Trade Commission, one in five Americans experiences errors on at least one of their credit reports. Unfortunately, most people do not realize the mistakes because they do not check their reports often or not often enough. Credit reporting errors at TransUnion, Equifax, or Experian can lead to weaker credit scores regardless of […]
The Real Estate Cooldown: What Does It Mean for You?
The real estate market typically peaks in the summertime, but this past year experienced a somewhat historic rise in home values. Sellers loved the growth because it allowed for increased profits, but buyers were frustrated because nearly every purchase became a bidding war, which is not good from an investment standpoint. The market is cooling, […]
7 Legal Ways to Decrease Your Tax Liability
If there is anything worse than filing your taxes, it’s finding out that you owe money at the end of the year. While everyone is posting to social media about their massive returns and what they plan to do with them, you’re over there wondering how you’re going to come up with the funds to […]
Weighing the Pros and Cons of an HSA
With a health savings account, commonly called an HSA, you can set aside pre-tax funds to pay for future medical expenses. While an HSA sounds like a no-brainer, reviewing the benefits and possible drawbacks of these types of accounts can help you make the best decision for your finances. Here’s what you need to know […]
Planning a Vacation Without Breaking the Bank
You don’t need to run a survey or review the data to know that vacations are expensive. While the average cost of a vacation varies drastically from family to family and based on several factors, one survey found that approximately three-quarters of Americans admit to falling into debt of at least $1,100 following a holiday. […]
Credit Cards: Is One Enough or Do You Need More?
For anyone who has experienced credit card debt, the decision to have even one credit card can lead to feelings of anxiety. However, while credit cards are easy to abuse, the little pieces of plastic do play a vital role in rebuilding and establishing credit.The American Bankers Association recently estimated that approximately two in three […]
Quit Trying to Time the Market, and Focus on Long-Term Gains, Instead
Active investing, such as day trading, is a popular investment strategy. Still, it depends on the investor’s ability to consistently outperform the market, which growing evidence says is improbable and more volatile than other strategies. If you plan on active trading based on timing the rise and fall of stocks, it might be time to […]
Bitcoin: Are Potential Profits Worth the Risks?
While risk is a natural part of any investment, cryptocurrency, such as Bitcoin, carries risks beyond the conventional concerns. Primarily, a Bitcoin investor plays a significant role in the security of their investment, meaning their level of responsibility is different from more traditional investments. Before you invest in Bitcoin or any cryptocurrency, it is wise […]
The Reality of the Economic Collapse: Prepare Yourself Now
Economic collapses are not the stuff of myths; these financial failures present genuine risks to investors. From the Banking Crisis of 1763 to the Great Recession of 2008, investors and non-investors alike have been struck with the realization that a healthy, stable economy is never a guarantee. Even today, with the pandemic recovery, investors need […]
The New New Deal: What Two New Federal Infrastructure Plans Mean for the Average American
Big news from Washington in August as President Biden signed a major new infrastructure bill into law. Insiders say the bipartisan passage of this $1 trillion plan to rebuild U.S. could pave the way for a second, even more expansive package. If you’re like most Americans, what you really want to know is how these […]