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Do You Really Need a Credit Card?

This is a hotly contested topic.  Financial influencers worldwide have varying opinions on the necessity of even having credit at all.  Credit cards can be a life saver or your worst nightmare, but a credit card is just a tool.  What makes the difference is the person using the card.  If you have bad habits and spend more than you can afford, you will run into trouble eventually.  Ultimately, the question is: do you really need a credit card?

What Is an Emergency Fund Exactly?

Unfortunately, according to a recent study, about 70% of Americans cannot afford a $500 unplanned expense.  There are plenty reasons why people do not have money in their savings accounts such as low income, medical bills, financial mismanagement, etc.  However, if at all possible, you should try to build an emergency fund so you can handle the inevitable unexpected expense.

What You May Want to Do with Your Tax Refund

  • Posted On December 23, 2019
  • Categorized In News
  • Written By

Getting big tax refunds from Uncle Sam can turn the frowns of just about anyone to a smile. The average tax refund this year was about $3000 which is a lot of money. However, it is important that you use your tax refunds wisely. Rather than splurge and destroy your credit totally, you can use your tax refund money in ways that can help you build wealth. This means that rather than visiting the mall on a shopping spree, you can pay off your debts or invest. In this article, we will discuss the different ways to use your tax refund.

How to Prepare For Tax Season

  • Posted On December 23, 2019
  • Categorized In News
  • Written By

The year is coming to an end so it’s a good time to start preparing for tax season. It is essential to remember that it is never too early get all your documents in order. The good thing about being prepared is that once it’s time to file your taxes, you’ll be completely ready to either input your data into a software program or sit down with a tax professional. A large number of individuals make use of paid tax preparers while others use free alternatives. After searching for a professional or a free alternative, there are some steps that you need to take to prepare you for tax season. In this article, we will take a look at a couple of important ones.

How to Prepare for the Next Recession

Usually, when people hear the word recession, it sends all types of feelings and chills down their spine. The economic definition of recession that contains all about how there has been a drop in the overall economic activity of a nation visible in the gross domestic product isn’t really interesting to a lot of people. What people typically understand as recession is a drop in the value of money and of course the amount of time it takes for individuals to make it back to the point where they can comfortably pay their bills. Probably due to the amount of companies that lay people off or the significant drop in their income.

Getting a Degree Abroad to Reduce Student Loan Debt

Life can be a tad difficult for students who just graduated high school with a dream to study at some of the best Universities in the United States. Not difficult in the sense that they can’t make it but more like expensive because even though they do get accepted into those colleges, the cost of education for the four years could be literally back-breaking. Studies have shown over the years that a growing number of students are moving to international schools to get their degrees rather than doing it in their home country because of the price difference.

Holiday Debt

The holiday season is here and everyone is looking to have a good time with family and spend a ton of money they do not have or intend to keep track of. While it is imperative that you do treat your relatives and friends to a good holiday, you should do this in an affordable way. About 43% of Americans are due to get in debt in this season and to a lot of them, these debts are inevitable. A survey shows that a lot of them during this season suffer from depression and anxiety because they feel pressured into gift giving and hosting dinners and buying tons of stuff. In this article, we will discuss holiday debt and its effects.

Cancer Patients, Health Problems and Bankruptcy

Cancer, just like other health problems, is a very devastating illness to have. Apart from the woes and medical issues associated with the illness, cancer patients also have to worry about their financial status and how the illness will affect it. Reports have shown that the main cause of bankruptcy in the U.S. is from medical bills.

Fast Ways to Improve Your Credit Score in 2020

There are plenty of reasons why someone could have a low credit score.  It seems like it takes a lifetime to raise it because things like age of credit, on-time payments, credit inquiries, and more take a lot of time to fall off or improve your credit report.  However, there are some ways to quickly improve your credit score if you take an active role in rehabilitating it.  2020 could be the year you overhaul your credit score

What to Do If You Sustain a Personal Injury

Some things are out of our control.  When you wake up and get out of bed, you do not plan to experience a personal injury; it just happens.  When it does happen, will you know what to do?  Chances are, the answer to that question is “no”.  Afterall, most of us are not legal professionals.  So, what DO you do in the event of a personal injury?