7 Personal Finance Strategies You Need to Know if You Are in Your 40s

7 Personal Finance Strategies You Need to Know if You Are in Your 40s

Once individuals hit their 40s, they need to focus on securing their finances so that they are ready for retirement and other demands. During this time, kids may be preparing to start college and parents may need expensive nursing care. Consequently, our 40s prove extremely stressful in terms of finances, and this makes it extraordinarily… Continue Reading

What You Need to Know about Long-Term Care Insurance

What You Need to Know about Long-Term Care Insurance

One of the most crucial considerations when preparing for retirement remains the forms of insurance that will keep individuals and their nest eggs safe. Recently, high premiums have driven down the sales of long-term care insurance. This form of insurance provides coverage for long-term supports and services—from in-home custodial care to stays in skilled nursing… Continue Reading

5 Tips That Will Help You to Get the Most out of the Credit Karma App

In today’s world, your credit score is important for everything from obtaining a loan to securing the lowest possible interest rate on a mortgage. Your credit score can even have a bearing on your ability to land a job. While a number of different tools exist to take control of your credit and improve your… Continue Reading

Spotlight – Is It Smarter to Save or Invest Your Money?

Spotlight – Is It Smarter to Save or Invest Your Money?

Investors often see their investment activity as a form of saving money, but in reality, these are entirely different processes. Saving and investing have specific purposes, and both should play a role in a person’s overall financial strategy. While investing can help generate wealth, savings provides a safety net that is critically important for everyone,… Continue Reading

5 Tips for Getting the Best Deal on Your Auto Loan

5 Tips for Getting the Best Deal on Your Auto Loan

Auto loans are generally one of people’s largest expenses, behind mortgages and student loans. When purchasing a car, you should not wait until you are at the dealership to think about financing. With a little preparation, you can get a great deal that will save you thousands of dollars in the long run. Since cars… Continue Reading

5 Simple, Everyday Changes to Jumpstart Your Savings Regime You Need to Know

5 Simple, Everyday Changes to Jumpstart Your Savings Regime You Need to Know

One of the most common misconceptions that people make when trying to save money is thinking that it will be painful. Often, people think that saving money means making drastic cuts in their budget and foregoing the things that they like to do for fun. When individuals approach saving with this mindset, they set themselves… Continue Reading

3 Retirement Savings Alternatives to the Traditional 401(k)

3 Retirement Savings Alternatives to the Traditional 401(k)

One of the most critical yet confusing aspects of personal finance is saving for retirement. Individuals have a number of different options for saving, and it can become difficult to decide which avenue is the best. Many people do not even realize all the different options that exist and tend to stick primarily with the… Continue Reading

The 5 Factors that Contribute to a FICO Credit Score You Need to Know

The 5 Factors that Contribute to a FICO Credit Score You Need to Know

Individuals working to improve their credit scores need to understand how the score is calculated. There are many misconceptions about what factors do and do not contribute to this score. Dedicating time and energy to address issues that will not even affect one’s score is a waste of effort. Fortunately, when individuals understand the approximate… Continue Reading

3 Things You Need to Know about Loan Interest Rates

3 Things You Need to Know about Loan Interest Rates

One of the most confusing aspects of taking out a loan is figuring out exactly what the interest will cost. Several different types of interest exist, and individuals should try to have a basic understanding of each of these categories before they even begin shopping for a loan—and certainly before signing any loan agreement. In… Continue Reading