The economic recession caused by COVID-19 has made lenders more conservative in approving lines of credit. This means if your credit score isn’t good, it will be more difficult for you to get approved for a credit card right now. “It’s so much harder to get a new credit card or other type of loan now … Continue reading A Beginner’s Guide to Choosing Your First Credit Card
If there’s one thing personal finance experts can agree on, it’s the benefit of a high-yield savings account. They’re easy to open online with no fees, and can help grow your savings through interest earnings. But circumstances are different this year. In just a few months, following the coronavirus pandemic and ensuing recession, high-yield savings account … Continue reading As Interest Rates Plummet, Here’s How Savers Can Stay Above Water
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Editorial independence We want to help you make more informed decisions. Some links on our site — clearly marked — will take you to a partner website and may result in us earning a referral commission. The number of U.S. states requiring personal finance to be taught in school is rising, but kids in the majority of … Continue reading Why Parents Should Start Small When Teaching Their Kids About Saving
You are better off by not trading your piece of mind.
The yield curve is a curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity. A yield curve is almost always upward sloping, a sign that the economy is functioning properly. To best understand the yield curve, put yourself in the … Continue reading Understanding The Yield Curve: A Prescient Economic Predictor
Recently, I’ve been daydreaming about life before COVID-19. As an extrovert, I generally enjoy plenty of human interaction. However, sometimes, I come across folks who completely lack emotional intelligence. When I come across such folks, I immediately begin to wonder what happened? Is the lack of emotional intelligence a parental failure? Is it a failure … Continue reading A Lack Of Emotional Intelligence Is Costing You A Fortune
I don't know about you, but I am mentally exhausted! Part of the exhaustion has to do with setting poor expectations. For example, our mayor had guided us for two weeks that places such as the zoo would open next Monday. I was ready to take my boy next Tuesday because I told him I would. Now, due … Continue reading Happiness in 2020
https://www.financialsamurai.com/wp-content/uploads/2016/09/real-estate-commission-fees-350x326.jpg I’ve been on strike since 2012. For what exactly? I’m on strike for having to still pay 5% – 6% in commissions to sell a property. Sorry readers who are realtors, I appreciate your support, but the fee is too damn high. Despite the creation of Zillow, Trulia (acquired by Zillow in 2015), and a bunch … Continue reading What Does It Cost To Sell A House? A Look At The Commissions, Taxes, And Fees
“Forget money. Remodeling is the number one cause for divorce.” – Anonymous Before my current house, I had never bought a fixer-upper before. The most I did in the past was build a new bathroom out of a closet, put up a wall to create an en-suite bathroom, and remodel my ground floor by adding a … Continue reading Should I Buy A Fixer-Upper Property? Evaluating The Pros And Cons