Category Archives: Spending

What You Need to Know Before Investing in REITs

What You Need to Know Before Investing in REITs

When considering the best investments for the future, people often look to real estate. Unfortunately, the high costs often associated with purchasing property can pose a barrier to entry into this market, especially for everyday investors. However, you do have options. A real estate investment trust (REIT) remains one of the best ones. A REIT… Continue Reading

7 Tips You Need to Know for Staying Afloat Financially after Job Loss

7 Tips You Need to Know for Staying Afloat Financially after Job Loss

Layoffs can happen at any time, sometimes for situations beyond the control of either the employer or employee. Because of this, workers should always have a plan in place to move forward financially in the event that they lose their jobs. Financial advisors typically want people to have enough money saved to carry them for… Continue Reading

6 of the Most Common Mistakes People Make When Saving Money

6 of the Most Common Mistakes People Make When Saving Money

Most people find it difficult to save money for a large purchase, a college education, or retirement. While proper budgeting can make the savings process easier, it is important to learn what mistakes to avoid. Understanding the most common mistakes involved with saving money can help people meet their goals just as much as knowing… Continue Reading

6 Tips to Keep Your Finances in Shape This Summer

6 Tips to Keep Your Finances in Shape This Summer

During the summer, students are home from school and families start thinking more about vacation. For many, summer is the most exciting time of the year. However, this excitement can easily lead to overspending as individuals try to pack as much as possible into the warm, sunny days. Maintaining a budget is often more difficult… Continue Reading

What You Need to Know about the Different Types of Mortgages

What You Need to Know about the Different Types of Mortgages

When shopping for a mortgage, it is important to know what the different options are and what the implications of each are for the future. The following is an overview of the major different types of mortgage and what each means for the borrower: Conventional vs. Government-Backed Loans Loans that are not insured by the… Continue Reading

A Closer Look at the Benefits and Drawbacks of Money Market Funds

A Closer Look at the Benefits and Drawbacks of Money Market Funds

A popular type of mutual fund is the money market fund. Money market funds are designed to have low volatility by investing only in cash or cash-equivalent securities. Such investments usually have high credit quality and high liquidity. Typical money market fund investments include bankers’ acceptances, commercial paper, certificates of deposit, US Treasury securities, and… Continue Reading

5 Simple Things You Can Do to Repair a Bad Credit Score

5 Simple Things You Can Do to Repair a Bad Credit Score

Good credit scores can drop to dangerous levels rather quickly. With only a handful of missed or late payments, one’s score can fall below 600, which severely limits a person’s financial opportunities. People with a score this low may not qualify for the apartment of their dreams and could even pay more for insurance. Interest… Continue Reading

7 Easy Ways to Increase Your Credit Score

7 Easy Ways to Increase Your Credit Score

Several factors go into determining a credit score, and to raise it people should focus on as many of these components as possible. The most important aspect in determining one’s credit score is payment history, but a person’s amount of debt is also important. Other factors include inquiries into credit, the types of credit secured,… Continue Reading