Learn more about one of the most important factors to consider when taking out a loan.APR is the annual percentage rate of interest that you pay on your credit card balance. APR is calculated by adding up all the interest charges and fees you paid over the course of a...
Good credit is the foundation of all financial health. What is Building Credit? A credit score is a number that represents the creditworthiness of an individual. It summarizes the person's financial history and predicts their future likelihood to repay money borrowed....
Guide to Detecting a Debt Trap in Your Financial LifeDebt is a trap that feeds on itself. The cycle of debt traps people and they can't get out of it. The term debt trap is used for a couple of different financial concepts: 1) A person's inability to repay their debts...
What are common money problems and financial issues people face? Financial problems and money issues are common in everyone's life. The three most common money problems people face are: "I can't seem to save enough" "I'm broke and don't know how to manage my finances"...
Tackling debt together is a healthy and quicker way to get out of debt.In this section, we will explore the benefits of turning friends into business partners. In other words, we’ll be looking into how friendships can turn into financial sustainability. There are a...
How to Break the Cycle with Three Steps to Budgeting SuccessWhen you get a paycheck your first thought might be "How am I going to spend this? Should I put it in savings or spend it?" If you're like me, the second question is always when am I getting the next...
Reach your financial goals faster with friends and familyWhy You Should Spend More Time With Your Friends Without any friends, you are more prone to loneliness and depression. If you want a happier life, be sure to spend more time with your friends. You'll see that...
Saving money is hard enough when you're living paycheck to paycheck.When you're also responsible for rent, utilities, groceries, and student loans, it can be damn near impossible. There are several things you can do to make your money go further. The first is to cut...
How to Prepare for Your First Home buyer LoanWhat is a Home-buying Process and What are the Stages? Purchasing a home is a complex process that may require multiple steps to complete. It usually begins with looking at homes in the area, followed by making an offer on...
You can end up spending more with “Buy now, pay later” options "The ‘buy now, pay later’ trend could be the next hidden source of consumer debt. Analysts warn that this growing industry can lead to excessive personal debts without warning and with little recourse for...