How often should you use your credit card?
Explore why it’s important to keep your card active – and how to do it the right way
By: Barri Segal|
September 2, 2019|CreditCards.com
There is more than one reason to keep your credit cards open and active. Find out from a selection of experts how a closed card might impact your overall credit and how and when to avoid having it closed.Read Article»
13 Experts Weigh In on Elizabeth Warren’s 50/30/20 Spending Rule
Not all financial pros agree with this budgeting plan.
By: Gabrielle Olya|
August 23, 2019|Go Banking Rates
Finance professionals give their expert opinions in response to Elizabeth Warren's 50/30/20 Spending Rule from her 2005 book "All Your Worth: The Ultimate Lifetime Money Plan." Almost fifteen years later, financial experts delve into whether this rule still applies or how to follow its mission for those carrying debt.Read Article»
Credit Utilization: Understand How It Impacts Your Credit Score
Reducing your credit utilization rate can give your credit score a boost.
By: Nick Clements and Casey Bond|
July 9, 2019|US News and World Report Money
Lenders, like credit card companies and banks, use credit scores to assess possible risks associated with lending out money to consumers. The goal is to reduce losses due to bad debt by evaluating your score, which can be determined by several factors, like paying your bills on time. Keeping your credit utilization low is another smart strategy toward increasing your score.Read Article»
Should I Pay Off Debt or Save?
When faced with debt and the lack of savings, which do you prioritize getting done first? Our guidelines below outline how to prioritize these different financial goals.
By: Financial Impulse|
May 31, 2019|Financial Impulse
Financial goals can sometimes be at odds with one another, especially when faced with the dilemma of whether to prioritize debt repayment or savings. The reasoning to opt for one over the other, or even maintain a balance between the two is determined by the financial situation. Learn more from the experts on why each is crucial for your financial security so you can make the best decision for your case.Read Article»
Debt Forgiveness: Understanding All of Your Options
By: Joni Sweet|
April 24, 2019|Value Penguin
Resolving Debt is not a one-size-fits-all approach. There are different types of debt such as student loans, taxes, mortgage, and credit cards. Fortunately, there are debt forgiveness options available - these may not work for everyone's situation, but it's always best to understand your choices.Read Article»
When Should You Start Cutting Off Your Children Financially?
Everyone's situation is different, but the goals should be the same.
By: Geoff Williams|
March 28, 2019|HuffPost - Life Money
There's no right or wrong answer as to when a parent should cut off their children financially - compiled are a few questions to ask that may provide a resolution. Instead of asking when to "cut the cord" try to determine how. How should funds be given out to kids and do they understand the value of money?Read Article»