[ad_1] Your credit score communicates with lenders your level of credit trustworthiness. As a result, those with higher credit scores qualify for higher credit limits and better interest rates. Your credit score will play a major role if you plan to purchase a house or apply for a loan in the future. Understanding credit scores …
[ad_1] One of the key factors that determine your credit score is your credit utilization ratio. In fact, this ratio accounts for as much as 30% of your credit score. With this much influence on your credit score, it’s important to understand what credit utilization is, how to calculate it, and how it impacts your …
[ad_1] Retirement is something most people strive for—however, it may seem like a moving target. Recently, more people don’t retire until later in life due to the immense preparation it takes to retire. Not to mention, many are struggling to save the necessary resources to retire comfortably. With the lasting impacts of COVID-19 pandemic and …
[ad_1] Guest Post by FitMoney As a parent of a teenager or young adult, you want to ensure that your child is financially secure and understands the importance of taxes. Filing taxes can often be confusing and intimidating, but it’s an important part of life when you start earning income. Once you know a few …
[ad_1] Rent payments are not typically reported to the credit bureaus. If you make a rent payment on time every month, you’re fulfilling your commitment to your landlord—but those payments are not contributing to your credit scores. However, if you’re new to credit or trying to recover from past financial problems, you probably want to …
How to Add Rent Payment History to Your Credit Report Read More »
[ad_1] If you know how to use a credit card responsibly, you can boost your financial life. Credit cards help you shop more securely online and book rental cars, and they can create more flexible cash flow opportunities. When used responsibly, credit cards also help you build credit. Flip the coin, however, and you get …
7 Bad Credit Card Habits You Can’t Afford to Keep Read More »
[ad_1] Studies show the majority of adults in America can’t cover the cost of a $1,000 emergency. This lack of savings may put these consumers at significant risk and unable to navigate even a small financial emergency. How Much Should a Person Save for Emergencies? Experts agree that the average emergency fund per month is between …
[ad_1] Saving for retirement is an extremely important step for protecting your financial future. In fact, the earlier you can start saving for retirement, the better. Perhaps you have a 401(k) set up through your employer. This can be a great first step, especially if your employer offers matching funds. However, it’s not the only …
[ad_1] Venmo is a financial platform acquired by PayPal when it bought Braintree for $800 million in 2013. Venmo has competitors, but its reach is huge and its rise meteoric—especially with millennials and younger. In the fourth quarter of 2018, it processed 19 billion U.S. dollars—that’s 80% growth year-on-year.1 Today, it has as many as 10 …
Venmo Charges Explained—How They Work and What You’re Really Paying For Read More »
[ad_1] Key takeaways: Investing is a way to increase your wealth based on your risk tolerance and time horizon The best investments for low-risk investors looking for moderate returns are index funds, government bonds, and high-yield savings accounts The best investments for high-risk investors that want high returns are individual stocks, real estate, and cryptocurrencies …
9 Best Investments to Increase Your Wealth in 2023 Read More »