Do you need some simple ways to save money in 2020? There are many ways to save money but the hardest thing to do sometimes is just to get started with the first deposit. As with any big task that seems a bit too overwhelming to tackle, getting your money-saving routines started can be simpler than you realize. Start with the smallest, most easy-to-accomplish task and move ahead from there. In this case, one of the easiest things to do is to … [Read more...]
Stay Financially Healthy In 2020
What does it take to be financially healthy in 2020? If you ask a consumer credit expert or someone at the Consumer Financial Protection Bureau, the advice may have a lot to do with the timing of your payments and not just how much you are able to pay and save in the new year. Buying A Car In 2020 If you plan to buy a car in the new year, staying financially healthy means not only shopping for the best new car or used car deal you can find. It … [Read more...]
How To Recover From Holiday Spending
Holiday spending is stressful, and many Americans overextend their credit cards, take credit card cash advances, and apply for new credit during their holiday shopping. How can you recover from all of the money you spent on Christmas presents or similar shopping “obligations”? The Simple Start: New Year Austerity Measures? Some people cannot afford to spend much after the holiday season, others choose not to purchase. No matter whether you’re … [Read more...]
Why Are You Charged for Prepayment of Your Loan?
Most of us are in some kind of debt, though the exact percentage varies by generation. Baby boomers and millennials are slightly more likely to carry debt than Generation X. Debt is a necessary part of life for most people. While there are many types of loans, the best kind is one you can prepay before its due date. Prepayment does have some drawbacks. Lenders can charge you a prepayment fee if you pay off a loan sooner than … [Read more...]
Should I Pay Off My Loan?
Recently, I paid off my car loan a little over a year early. I had a couple people ask me why I made that choice. After all, it was going to lower my credit score, right? So wasn't it worth it to keep the low rate and invest that money? What Happens When You Pay Off a Loan? When you pay off a loan, obviously, you no longer owe money on that debt. You reduce the amount of money you have to pay every month. Your credit score may drop when … [Read more...]