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What is a Credit Score and Why is it So Important?
September 6, 2022
Categories: General, Personal Loans, Savings
We all know it is important to have a good credit score when in reality many people do not even know what a credit score is. This is ok, we are here to help! Having a good credit score is a lifeline for your future, so it is very important to know what a credit score is, how it can be positively and negatively impacted, and why it is so important to everyone. Take a few minutes to brush up on your knowledge of credit and how you can have a good credit score. What is a Credit Score? Credit...
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How to Save When Eating Out
August 9, 2022
Categories: Family, General, Savings
Eating out is sometimes more than just giving our body the nutrients it needs, it can be fun, different than the norm, and be a social outing. We all need to eat to live, but for those who live to eat out, here are some tips to lower your bill but still enjoy that meal out here and there. Change Your Drink Order As much as we all love a good fountain soda here and there, the extra money spent on coffees, tea, and soda adds up. Most of the time, water is free so if your goal is to save...
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Should I Pay Off Debt or Save for Retirement?
July 15, 2022
Categories: Budget, General, Retirement, Savings
Debt can be a burden and a hindrance to financial success. Eighty percent of Americans have consumer debts, and the average debt is $38,000, excluding mortgages. Paying off debt will help you to improve your credit rating, save you on interest payments, and make you financially secure in the short term. On the other hand, saving for retirement can offer a long-term return on investment that is not guaranteed by paying off debt. The longer you wait to save, the less you may earn. You may need...
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What are the Best Ways to Build up my Credit Score?
June 22, 2022
In uncertain times, many Americans are feeling the pinch when it comes to making purchases of any kind. It is particularly difficult to make large purchases. As the Reserve's Federal Open Market Committee continues to raise interest rates, a borrower’s credit score is becoming more important by the day. Why is your credit score important? Put simply, lenders use your credit score to determine your creditworthiness. Your credit score affects whether you get approved for credit...
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Saving Money at the Grocery Store
March 14, 2022
Categories: Budget, Family, General
The coronavirus pandemic has been behind a plethora of undesirable changes — the cost of food staples rising being one of them. No one wants to spend more than necessary. While the expenditure depends greatly on where you shop and what you buy, there are many little things you can do to curtail unnecessary spending. These savings can add up over time. Sign up for a loyalty program Most if not all grocery stores have a loyalty program that is free to join, more often than not....
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Make 2022 Your Best Financial Year Yet
January 10, 2022
Categories: Budget, General, Savings
If your New Year's resolution is to take control of your finances, you’re in the right place. We’re here to give you some ideas on how to make 2022 your best financial year yet. All it takes is some time, discipline and lots of motivation! 1. Figure out your monthly income. The first step is to start from scratch, which means re-evaluating exactly how much money you have coming in each month. If you work a job that has a varying monthly income, estimate it to be on the...
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How Much Does Moving Cost?
January 7, 2022
Categories: Budget, General, Mortgages, Savings
If one of your to-dos for 2022 is packing up your house and moving, you may be wondering how much that will end up costing you. While the amount varies greatly depending on how far, how much stuff you have and other factors, this blog will help you come up with an idea of what to expect. Average Moving Cost Local move: $1,250 Long distance move: $4,890 Factors Affecting the Cost The following factors are unique to your specific moving experience, meaning the price you pay varies: 1....
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How Much Should I Be Putting in Savings
July 13, 2021
Categories: Budget, Family, General, Savings
How much to save is a subject that gets much discussion and a variety of answers in the world of personal finance. The truth is, there’s no one-size-fits-all dollar amount because it all depends on your situation, goals, budget, and ultimately, income. That being said, let’s take a look at some general guidelines on how much you should be saving in different stages of your life. The 50/30/20 Rule A popular answer to “how much to save” is the 50/30/20 Rule, from a book...
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How to Reduce Your Credit Card Debt
April 1, 2021
Categories: Budget, Credit Cards, General
Explained: How to Reduce Your Credit Card Debt in 2021 Reducing credit card debt frees up your hard-earned money for other important things, from food and medicine to entertainment. If you're struggling because of a credit card balance, these tips will help you fill in that financial hole. Know where your finances stand. How much debt do you have currently? How much cash do you need every month to pay bills? What can you eliminate or reduce (entertainment, for example)? The...
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What to Look for in a Personal Checking Account
February 11, 2021
Categories: General
If you are looking for a personal checking account, you will have many different options to select from. Many people assume that bank accounts are all the same, but this is not the case. There are a lot of factors to be considered to ensure that the checking account you choose is right for your personal circumstances. With that in mind, let’s take a look at some of the main factors you should consider when you are searching for a checking account. What is a personal checking account? A...
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