Do you need to know how to collect money from a borrower? For many people, the first step is simply not to lend money, but that advice isn’t always practical or useful. If you find yourself in the unfortunate position to have to ask someone to pay you back, there are several things you can do to make the process easier for yourself. How To Collect Money From A Borrower: Be Nice Staying away from a hostile relationship is the key to many … [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...]
Saving Money In The 2020 Economy
Do you need to save more money in the 2020 economy? There are some developments in the last days of 2019 that will have an effect on some aspects of life, while other money-saving ideas are tried-and-true, but need an update for the 21st century. You can add to your savings in the new year with a few simple tricks. Home Owners And House Hunters There have been many articles written about how amazing 2019 was for home buyers, those who want to … [Read more...]
Mortgage Scams To Avoid
Mortgage scams to avoid come in a variety of different types and not all of them have to do with purchasing a home or applying for a new loan to so. The Department of Housing and Urban Development warns consumers that mortgage scams frequently involve foreclosure avoidance schemes or refinance loans instead of new purchases. New purchase loans are not always scam-free. But there are some things you can do to protect yourself when buying the … [Read more...]
Have You Started Saving For Retirement?
I think it’s time we have a serious chat about retirement, more specifically saving for retirement. Now, I’m not that old (though I refuse to tell you how old because a true lady never reveals her age #ThanksGrandma) so saving for my retirement is not something that I spend a lot of time thinking about. Which, if you think about it is a little ridiculous considering that when I'm ready to start thinking about it, it will probably be too late. It … [Read more...]