Category Archives: Saving

These Are 5 of the Steps You Need to Consider If Your FICO Score Is 740 or Above

These Are 5 of the Steps You Need to Consider If Your FICO Score Is 740 or Above

Repairing a poor credit score takes a lot of diligence and work, but the payoff can be very exciting. For many people, reaching a credit score of 740, which is widely accepted as the threshold between good and very good credit, is a major milestone. At this point, individuals become candidates for virtually any form… Continue Reading

5 Enlightening Tips for Managing Debt Effectively after Retirement

5 Enlightening Tips for Managing Debt Effectively after Retirement

In an ideal world, people retire after they have paid off all of their debt. However, this is not always possible for a variety of reasons. While you should try to eliminate debt in the years leading up to retirement, many people stop working while they still have monthly credit card bills, mortgage payments, and… Continue Reading

7 of the Best Free Online Courses to Learn More about Personal Finance

7 of the Best Free Online Courses to Learn More about Personal Finance

No one is born with innate financial knowledge. Unfortunately, this truth means that many Americans will have some major regrets in terms of how they handle their personal finances. On the other hand, individuals today have more tools than ever before to learn about personal finance and possibly avoid some of the most common mistakes.… Continue Reading

5 of the Most Problematic Personal Finance Regrets Americans Face

5 of the Most Problematic Personal Finance Regrets Americans Face

A survey that Bankrate conducted last year showed that only 20 percent of American adults have no financial regrets, while more than 70 percent of respondents said there were very specific mistakes that they wish they had not made. Among the respondents’ biggest regrets, the one cited most often was not starting retirement savings early… Continue Reading

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

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 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

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

What You Need to Know About the Retirement Savings Tax Debate

What You Need to Know About the Retirement Savings Tax Debate

One of the most important tools that individuals use to save for retirement is the 401(k) plan, which now faces an uncertain future. With different messages coming from the legislative and executive branches regarding potential changes to tax law considering 401(k)s, many Americans are rightfully worried about what the future holds for this popular investment… Continue Reading

A Look at the Benefits and Drawbacks of Investing in Index Funds

A Look at the Benefits and Drawbacks of Investing in Index Funds

The former president of DFC Global Corporation, Don Gayhardt serves as chief executive officer and president of CURO Financial Technologies Corp. Through CURO, Don Gayhardt provides short-term financial services to unbanked and underbanked individuals. He is also a member of the Community Financial Services Association of America board. Through these positions, he helps individuals reclaim… Continue Reading