Every financially responsible adult should have an emergency fund; when it’s about financial emergencies, it’s not about if they’ll happen, but when they’re going to – and the difference between sink-or-swim when something happens that requires cash could be your emergency fund. Statistics say that as much as 40% of Americans don’t have enough cash saved away to cover a $1, 000 financial emergency. If this describes you – and
Unless you have a hefty savings account, buying a car with cash is probably not something you’re able to do. So what do you do when you need a new car, but don’t have the money saved up to pay for it? You get an auto loan. Auto loans have many different elements, and that can make them feel overwhelming initially. Car dealers also like to present the parts of
Have you been hit by a surprising expense; your car bit the big one and needs a major repair or you need to buy a new one, or your water heater blew and it needs to be replaced, perhaps? Have you fallen on hard financial times; maybe you’ve lost your job or you’ve been forced to take a pay cut? Do you need to take an unexpected trip; a member
Your credit score limits your options when it comes to borrowing money. Whether you had a streak of bad luck or perhaps just a streak of bad financial planning, your bad credit score can make it much harder to arrange a loan when you need one. It begs the question: what are the options for those who have bad credit but still need a loan? It turns out there may
A low credit score can hamper even the most fiscally prudent and honest of people. Buying a car or a home, renting an apartment, or obtaining a credit card almost always depends on the quality of the potential borrower’s credit. However, bad credit will keep those potential borrowers from obtaining most types of loans. Bad credit loans don’t necessarily mean they are bad. These loans exist because people with bad
With hundreds, or even thousands, of apps out there for financial purposes, it’s hard to narrow down the best ones. A good financial app is a tool to make your budgeting and financial management easier and more streamlined, and we know how important it is to find apps that are easy to use, but also rich in resources. With the right app you can easily track your spending, your bills,
Almost everyone has dreams of seeing the world, or at least parts of the world. But travel is expensive and it’s often a hobby for those with extra cash, not folks living on a very strict budget. As it turns out, there are certainly plenty of ways to see the world when you have thousands of dollars to spend on various trips around the globe. But there are also plenty
It seems that cash is no longer king. With so many people relying on credit to make purchases these days, especially with the popularity of online shopping, we’ve definitely moved into an era where the convenience of credit reigns supreme. Unlike cash-in-hand, however, it’s all too easy to overextend ourselves when spending on credit alone. You might wonder how people end up with bad credit, and the answer is: often
Using personal loans is a great option for many people looking to consolidate credit card debt or make a large, one-time purchase. However, depending on a person’s financial profile, it could also result in years of crushing payments or defaulting on the loan altogether. A personal loan uses installments. A bank, credit union, or online lender issues the loan at a fixed rate and amortization period. The time frame can range
