Debt Trouble: Know the Warning Signs of Accumulating Too Much Debt
According to financial experts, no more than 36% of an individual’s monthly gross income should go towards debt obligations; however, even that can be a stretch for some people. Still, it is good to have a boundary, a marker for when things might be spinning out of control. Some experts refer to terms like manageable debt […]
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 […]
Friendship Loans: Not Letting Money Affect the Relationship
People are not meant to live alone. Social gatherings and togetherness help define a life well-lived, but with relationships come empathy and obligation. Whether people like to admit it or not, they have a responsibility to those they connect with. Sure it does not typically involve a financial obligation when talking about friendship, but people […]
Do Electric Cars Save You Money in the Long Run?
Comparing the costs of electric versus gas is tricky. Prices range a ton depending on vehicle manufacturers and even where you live in the United States. I’m going to do my best to explain five important factors that can help you make the best decision.1. Sticker PriceThe first glaring difference in the total cost of […]
Financial Advice for 2021
2020 is officially history, and it is truly a celebration. However, while no one will regret putting this pandemic year in the rearview, do not get too caught up in celebration. Ringing in the New Year is not only about saying goodbye to the past; it is also about looking ahead.People often neglect financial commitments […]
How To Recover From Your Debt
Debt is a peculiar thing; most people have it, but people still feel shame to talk about it. The emotional toll is overwhelming to the carriers of debt and accounts in collections. For many, there is no day, hour, minute, or second that brings relief. Constantly checking bank accounts and juggling credit card balances makes […]
How To Improve Your Finances During Quarantine
There is no denying that quarantine is a drag. There is only so much you can do on your own at home. While binging Netflix and other streaming shows may help pass the time, watching TV gets boring before long. The sedentary, unproductive life is no fun after a while, so it is crucial to […]
5 Tips for Getting a Service Fee Waived
Service fees grind my gears, and I have a sneaking suspicion that I’m not the only one. When Ifind myself confronted with tacked-on fees for seemingly nothing, I try one or more of thefollowing approaches to strike them from my bill for good.1. Don’t Be a JerkAs a customer, you may always be right — […]