Loans, money & personal finance

The death of a loved one is a difficult time to endure as your head and heart are never prepared for the loss. In addition to the grief of missing a deceased loved one is being responsible for the financial arrangements as well as funeral provisions for the deceased. Although talking to a loved one about this subject may seem morbid, planning ahead can minimize family strain as you prepare to settle the numerous matters than need to be sorted. Pick a day to sit down with your loved one and figure out what they want and how they want it structured. Be open with them when you are discussing the matter as there are a number of things to discuss financially.

Marcus Bellamy

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A loved one who is elderly, becomes sick or is diagnosed with any kind of mental illness or disability is never an easy responsibility to commit to. Of course when it comes down to it, you most probably will assume the responsibility, however there are many factors to realize when accepting the role as caretaker. As it seems to go with many other things in life, a big amount of stress is directed towards finding a manageable way to pay the extra bills as well as maintain your income, after all, you will be not only supporting yourself, but supporting another adult who may not have an income or has not much of a savings habit.

Marcus Bellamy

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It does not take much to save for retirement. The concepts of compound interest, the amount of options in the financial industry, and the application of great financial habits can make the difference between a $100,000 savings account and $10 million. When should saving for retirement begin? Yesterday. On a more realistic manner, it should begin by building habits and establishing smart debt maintenance.

Marcus Bellamy

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The great misconception with saving money in a household is that it requires a complete reinvention of the monthly expenses and the family budget. In reality, a few small changes can work together to make a big difference. Below are two strategies to saving money every month towards buying a home.

Marcus Bellamy

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The 52 week money challenge is a fantastic and simple way to build a disciplined savings that spans from the first week of the year to the last. The core formula of the challenge has someone adding an amount to the savings that equal the week. At week 16, $16 is added to the savings. As the year progresses, saving becomes more difficult. But, it becomes a necessary discipline.

Marcus Bellamy

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A home improvement loan is a good way to increase the home's value, and these loans are easy to get if the borrower has good qualifications. In this article is an explanation of the home improvement loan process, along with tips on getting approved and an alternative for those who cannot qualify.

Marcus Bellamy

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With a little focus and consistency, it is possible to become a millionaire. It does not require an entrepreneurial spirit, becoming a CEO of a major bank, or becoming an inventor and winning over the investors of Shark Tank. All it takes is 5$, placed into a tax-deferred account, every single day for forty years. The key to big saving is practice. There are three quick and dirty strategies to stick to it no matter what, and keep that idea to become a millionaire at the forefront.

Marcus Bellamy

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According to the Financial Consumer Agency of Canada, the Highest credit score is 900. While it is very unusual for consumers to achieve the perfect score, many Canadians do achieve the "very good credit" range, which equates to 750 and up. There are several tips that consumers can use to help bolster a flagging credit score, or even to add a few points to a score that is already in the top tier.

Marcus Bellamy

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The decision to file for bankruptcy is a huge one. Many people make the decision because they find themselves in over their heads in debt and don’t see a way out of the mess they’ve created. While the federal government does allow financially overwhelmed consumers to file for bankruptcy protection, it’s important that everyone considering doing so educate themselves on the process and how bankruptcy will affect their lives. Read on to learn some important tips that consumers need to know before they sign on the dotted line.

Marcus Bellamy

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Personal finance is not something that is always taught when growing up and is not a subject required to take or often provided in high schools or college. One of few ways a young adult may learn about personal finances is if they were shown financial responsibility by their parents. Even in this case, many parents themselves are not financially responsible and do not have much advice to pass on to their children in order to prepare them as best as possible for their financial future.

Marcus Bellamy

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