If you ever borrowed money to buy a car or a house or if you simply have a credit card then you have a credit report and thus a credit score. The later is a mathematical formula that translates the content of your credit report into a score that is used by lenders to take decision anytime you apply for a credit.
We never know what could happen in life. You could lose your job, break your car, have a leak in your house or unexpected medical spending. All those surprises can have a subsequent impact on your budget especially if you could not put money aside during the year.
Not very long ago, retirement was a definitive term. Once you reached the age of 65, your career ended and pensions and government benefits stepped up to the plate. From that point on, the biggest question was what to do with your new-found free time, and the resounding answer was essentially whatever you wanted. Times have changed a bit, and the once distinct lines have become somewhat blurred.
Many parents work hard to protect their children from some of the harsh realities of life. This is particularly true when money is tight. However, it’s important that you teach them in age appropriate ways how to budget their money. Here are some tips to teach financial education to your children.
Many families are finding they must cancel their vacation, as they don’t have the funds needed to travel this year. What quite a few overlook is the benefits of using a credit card for travel purposes. Although numerous travelers use their credit card while on a trip, as it is easy to replace if lost or stolen, they never stop to think how doing so could save them money. You can use your credit card to go on vacation for free actually. Following are some ways to make a dream vacation a reality.
If you are renting your apartment or your house, you might be considering buying something of your own. This decision can not be taken lightly since it involves a lot of money and most of the time a mortgage.
Have parents been giving their children the wrong advice regarding their future financial security? Is saving money really the key to future wealth? There are actually two schools of thought on that. Some believe saving and investing is the road to wealth while others believe that it’s more important to concentrate on earning money. Investors point to Warren Buffett’s success while earners can emulate Bill Gates. It depends on someone’s talents and goals.