Consolidating your debt means taking out one big loan, and using that to pay off all outstanding balances from all your previous loans. This can make the debt easier to manage, and stop late fees and interest payments from building up.
Everyone has had financial emergencies – when a huge spending shock breaks your budget or spending plan into pieces. If you have more than one emergency in a short time, such as if you lost your job, your outstanding debt balances might start to spiral out of control. But, you can try to ease these troubles by calling your creditor to discuss debt negotiation.
It happens to everyone: a monetary emergency happens, such as a car breakdown, draining your bank account. Bills are still coming in, and you already know that you will not even be close to paying off everything this month. How can you get out of this situation with the least pain?
One of the cornerstones of strong personal finances is knowing why you buy what you do, and knowing how to research your purchases in advance. What are some of the ways that you would research a purchase? What types of purchases demand the most research effort?
Every high school student makes a choice when they are about to graduate – enter the job market right away, enter a trade school, or enroll in a university? While you can always switch paths later in life, the year immediately after graduation will have a ripple effect that can last a lifetime!
When deciding whether a product is worth it or not people typically think that if the benefit of the item is greater than the cost, they should go ahead with the purchase. However, there are more factors at play here that should play a role in buying decisions, tread carefully!
Health Insurance is usually the most complicated and expensive insurance you need. Unfortunately, it is also usually the most important, making it very difficult to avoid the cost. With very few exceptions, health insurance is mandatory for all citizens in the United States.
Life Insurance is an insurance policy designed to pay out if the insured person dies. They were created to make sure that if the main income holder of a household dies, the payout from the policy can be used to help continue to support his or her family.
Homeowner’s Insurance is a broad type of insurance coverage designed to cover a home and the property it sits on. This insurance is very broad, wrapping many different types of coverage into one package.
“Rental Insurance” is taken out on property you rent to insure against damage. Rental insurance works like a lighter version of Homeowner’s Insurance. This is usually much cheaper, just covering your “stuff” in case of break-ins, water damage, or other mishaps.