How Paying Interest will Eat You Alive

Paying Interest

Whenever you take out a loan or create some form of debt, you must pay interest. Interest is considered the cost of doing business. It compensates the lender for the use of the money. You can think of it as the rent you are paying for the use of the money.  The interest rate that […]

Using Credit Cards without Getting Into Debt

Credit Card Debt

Having a credit card is handy, especially if you are away from home and blow a tire or a fan belt breaks or some other emergency! However, everyone that has a credit card runs the risk of racking up a significant debt.  Credit card debt can quickly spiral out of control. Sometimes it feels like the credit card companies will […]

Family Action Plan: How to Eliminate Credit Card Debt

Eliminate credit card debt

Credit card debt can sneak up on the best of us. After all, there’s just so much stuff to buy. There are new shoes, video games, and that out-of-state trip to Vegas. Unfortunately, the interest rates cripple your bank balance and you soon find yourself in credit card debt. You can feel as if you […]

What is the Best Credit Card?

Best Credit Cards

Choosing the “best” credit card is like asking what is the best city to live in or the best kind of ice cream. It is not a one size fits all proposition. There are a lot of different factors to consider and what is “best” for me may not be “best” for you. In some […]

Money Management for Kids

Mom teaching money management for kids

Many grew up watching our parents scrimp and save in order to have money left at the end of the week; many more have watched their parents struggle in order to pay their bills. Regardless of how you were brought up, most of what you first learn about money management and well-being stems from what […]

How to Up Your Credit Score

up your credit score

Credit is crucial. In fact, your credit score determines your ability to procure auto loans, credit cards and home mortgages. Some might say that it can make or break your financial future. Main Credit Scoring Agencies There are three major consumer credit reporting agencies that operate in the United States: Equifax, Experian and Transunion. When a lender considers […]

Using Credit Cards Can Make Or Break Your Financial Situation

credit cards

Credit cards often come up in discussions about money among friends and family. Some people swear that credit cards have great financial benefits and others stay away from them at all costs. The truth is that credit cards can be part of a good financial plan if used properly, but poor use can be detrimental […]

How to Start Your Credit History

Jump Start Your Credit History You know you need a good credit history if you want to apply for a loan or credit card, but if you are just starting out and haven’t developed a credit history this can be hard to do. In some cases, having no credit is almost the same as having bad […]