I remember feeling stuck in various financial situations in life that required me to get creative with my finances. It's never easy to admit you need to quit spending, start saving and adding some financial responsibility to my weekly routines. The hardest part of that journey is just getting started sometimes. Do you need to plan your way to smarter spending and saving? Here are some tips that can help you get control of your income, curb … [Read more...]
How to Protect Your Assets From Lawsuits
Do you need to know how to protect assets from a lawsuit? There are many things to keep in mind about asset protection--the most important being that state law is a huge factor--what is possible in some states may not work in others depending on things like community property laws (which govern how debts in a legal marriage are divided up in a divorce), real estate and probate law, etc. The advice below isn't related to mortgage or asset … [Read more...]
Do You Have Coronavirus Credit Problems?
Are you worried about your finances? Has the idea of a coronavirus credit score hit been keeping you up at night? Millions of Americans have been affected by COVID-19 and millions more will experience economic hardship in some form in the wake of massive shutdowns of the U.S. economy. While some fail to grasp the need for social distancing, extreme caution, and a need to think of others ahead of oneself, the realities of the coronavirus … [Read more...]
Protect Your Credit To Survive Coronavirus
That title is pretty sensational, but there are indications in the American economy that credit scores are going to be very important in the era of coronavirus and COVID-19. That’s not based on speculation; mortgage lenders across America are reconsidering their FICO score requirements for home loan approval, making scores in the mid to upper 600 range less of a sure thing for loan approval than they were previously. For the record, FICO … [Read more...]
Hierarchy of Savings – What Should Come First?
It can be difficult to establish a hierarchy of savings. What should come first when you are paying yourself? Three basic areas represent parts of your life that need financial attention; your retirement fund, your money set aside for emergencies, and debt repayment. The last one doesn’t sound like you are paying yourself--at first. But debt management is an important part of establishing financial freedom. Emergency Fund: A Savings Account You … [Read more...]