How to Save Money
Would you like to start saving some money in the New Year? Well, Dave Ramsey, the renowned financial radio show host, says everyone has good intentions when it comes to saving money, but many times life throws you a curveball and people find themselves spending whatever money they save. For those of you who may…
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Best Time to Buy a New or Used Car
While research can identify and pretty much pinpoint the best time to buy a car, there are a number of factors that you should consider before you head to the dealership. The main thing you have to determine is if you are financially in a good position to purchase a car either with cash or…
The Importance of Creating a Budget
Creating a budget can be very difficult for some, especially when finances are tight. But it is something that everyone should do for their financial well-being. Keep in mind, creating a personal budget doesn’t have to be complicated because there are plenty of free resources and organizations that can simplify budgeting and help you navigate…
The Pros and Cons of Credit Card Consolidation
You may be asking yourself “Are those credit card balance transfers really worth the fees?” A lot of people use multiple credit cards for purchases and then end up needing to consolidate that debt to reduce paying higher interest rates, but is that really the best way to consolidate that higher interest debt? How do…
Test Your Financial Literacy
Test Your Financial Literacy with our 9 Question Quiz! A recent study conducted by the Global Financial Literacy Excellence Center at the George Washington University, found that only 16% of millennials were considered to be financially literate. This trend is troubling because so many Americans have outstanding debt, including 43% of millennials that are struggling…
The Difference Between Saving and Investing
Do you know the difference between saving money and investing? Many people understand the concept of saving money, but to explore the difference between saving money and investing, we will define saving money as income not spent, or deferred for later consumption. That includes money you put away for a rainy day (a rainy day…
Saving Tips While in College
Are you finding it impossible to save money while you’re in school? If you’re like most college students, you feel like you’re broke all the time. And, many times your parents aren’t willing to pitch in and help out, because they give you money at the beginning of the semester and you spend all of…
What’s the difference between APR and APY besides one letter?
To most people knowing the difference between Annual Percentage Rate (APR) and Annual Percentage Yield (APY) doesn’t seem like a big deal, but that one letter at the end of those two acronyms can make a big difference financially. It’s important to note that knowing the difference between APR and APY could save consumers, hundreds…