Your credit score doesn’t just affect your personal finances. Your credit influences many aspects of your personal and public life, including plenty that don’t involve borrowing. Read on to find out how a bad credit score can negatively affect you, and learn how to keep track of your credit score.
There are multiple ways you can handle your kid’s allowance, and they all come with their own pros and cons. But the ultimate goal is to teach your kids money management skills, so it’s important to understand which allowance system is best for your kids based on their age and your objective.
When it comes to your credit, it’s important to know how you stack up. Do you have good credit? Excellent credit? Poor credit? How can you find out? Learn what a good credit score is and find out the credit ratings and ranges lenders use to evaluate your creditworthiness.
There are loads of bartering sites designed to help you share, swap, and trade stuff. With the best sites, you can exchange clothes, music, or even vacation housing instead of spending your hard-earned cash.
Even if you have a retirement nest egg, you run the risk of outliving your savings. An annuity is a contract that guarantees a series of payments for a period of time, sometimes even for life. Learn what an annuity is, how it works, the different types of annuities, and their pros and cons.
If the FIRE movement (financial independence, retire early) teaches us nothing else, it proves that it’s possible to retire within five to 10 years of getting serious about it. But “possible” doesn’t mean “easy.” Learn the math behind how to retire early and tips to get you there faster.
For people living paycheck to paycheck, carrying debt can feel hopeless. If you’re barely making minimum payments, it can seem like there’s no end in sight. Enter debt snowflaking — using money found here and there to make extra payments. Learn how to use the debt snowflake method to pay down debt.
Net worth offers a common way to measure your personal wealth. Everyone should know how to calculate their net worth — and should do so monthly. Fortunately, there are several free tools that help you calculate and track your net worth automatically. Learn how to calculate your personal net worth.
Travel always costs more than you think it will. And that’s increasingly by design. As you plan your next getaway, keep a wary eye out for hidden costs and fees. They often get buried in the fine print — until it’s time to pay the bill. The good news is you can avoid many of them.
Remodeling a bathroom is one of the costliest home improvement projects, sometimes costing tens of thousands of dollars. But some homeowners have redone their bathrooms for as little as $1,000. And these tips can help you save just as much money on your bathroom renovations.
Americans are increasingly responsible for planning their own retirements as pensions gradually go extinct. Thankfully, you have more resources than ever to help you plan for and secure a comfortable or even a wealthy retirement. Here are the best investments to consider for retirement planning.
Today’s freelancers and small-business owners have more choices than ever when it comes to accounting and bookkeeping services. Many of the most popular are inexpensive or even free. Learn about the best online accounting, bookkeeping, and invoicing services and find the option that’s right for you.