If you want to pay off your debts, it’s important that you approach the task the right way. So, we’ve put together important tips for managing debt as a family that will help you do it!
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Financial literacy is one of the most important things you can teach your children. The earlier you can get kids to understand the importance of saving money, the better. Teaching your children money management skills early will help them prepare for emergencies and ensure they can afford life’s necessities when the time comes. Here is how you can teach your teens to handle money wisely.
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A loan modification can be an excellent way to help you during difficult economic times. It can especially help if you’re having trouble making your mortgage payments. However, it is critical to understand that a loan modification is not a panacea for all financial problems. Here are four ways a loan adjustment can assist you
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A monthly mortgage is a massive commitment, so you have to be sure you don’t bite off more than you can chew. Falling behind or being delinquent on it can mean your home gets foreclosed and you have to move. If your financial picture involves raising kids at the same time, then you have unique challenges to prepare for.
How to Prepare for a Monthly Mortgage Payment With Kids Read More »
Safety is the first thing that comes to people’s minds when they think about their families. Just like physical safety, your family’s financial security is equally important. Although there is no one size fit all technique to protect your family against financial uncertainties, there are things you can do to prevent them from suffering in the event of a financial crisis. Here are smart ways to protect your family financially.
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The holidays are right around the corner, and since the average American spends over 1,000 dollars on gifts and travels over the holidays, it’s a good time to do what you can to save a few bucks. After all, you work hard for your money, so why waste it? If you want to make it through the winter without a depleted bank account, then check out these three helpful ways to save money during the holiday season.
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When it comes to handling your finances, it may seem like you have to make tradeoffs. This philosophy may be true, but you can still have fun while doing it. Here are some of the techniques that will help you to reduce your annual expenses without impacting your lifestyle.
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Dealing with a death in the family is stressful. But, when it comes to handling the financial burden of the funeral and other expenses, the already sad situation can seem unbearable. Here are some helpful tips you can employ to make your financial burden easier to handle so you can focus on the process of grieving when a loved one dies.
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Debt can be an effective means to an end (such as home ownership) but it does need to be managed. Experts like Robert Kiyosaki say that there are two types of debt “good debt” and “bad debt”. Good debt is debt that “puts money in your pocket” and bad debt “takes money out of your pocket”. Examples of good debt are loans to start a business, buy rental housing, etc. Bad debt is consumer loans and car loans. A home purchase is actually borderline because it is an asset and its value generally keeps up with inflation but it is more like a forced savings plan (that you have to maintain) rather than a good investment. In our article The Wealthy Buy Assets, the Poor Buy Liabilities, and the Middle Class Buy Liabilities Believing They Are Assets we discuss this in further detail.Â
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With debt at an all-time high in the United States and with most Americans carrying thousands of dollars of debt, it is no wonder that many people are looking at ways to cut back, pay down debt and trim expenses. While some changes are obvious, such as making a budget and sticking to it each month, some ways to pay down debt may be a bit more hidden. Here are four smart resources for raising cash if you feel as if you are in debt up to your eyeballs.
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Financial woes can affect all types of families regardless of income. If mounting debt is causing economic hardship for your family, there are measures that you can take to get back on your feet financially. Here are some of the best ways to pull your family out of debt.
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Buying a home is always a very big and important decision. When you are looking for your next home, making sure that you will qualify for the best possible mortgage is a great idea. To get the best deal, you will need to make sure that your credit is in good order before you try and buy the property. Remember a better credit score means a lower interest rate and even a half percent can make thousands of dollars difference on a mortgage.Â
Boost Your Credit BEFORE Buying Your 1st Home Read More »
