Home Equity Loans vs. HELOCs: Choosing the Right Option
If you’ve built equity in your home and need cash, you’re usually looking at two contenders: a home equity loan (often called a “second mortgage”) or a home equity line of credit (HELOC). They both use your home as collateral, but they work—and fit different needs—very differently. Here’s a clear, decision-ready guide. Quick Definitions Before […]
5 Smart Ways to Save for Your Child’s Education
Starting to save early, even with small amounts, allows parents to harness compound interest over many years. Saving for a child’s college education is one of the biggest financial goals many U.S. families face. College costs keep rising – for the 2024-2025 school year, the average annual cost of a four-year private university is about […]
5 Credit Report Errors That Could Cost You Thousands
Even a small mistake on your credit report can have a surprisingly significant financial impact. Credit report errors are more common than you might think – roughly 1 in 5 people have an error on at least one of their reports. These mistakes can drag down your credit score and lead to higher costs on […]
How to Handle Debt Collectors Without Getting Overwhelmed
Dealing with debt collectors can be overwhelming, intimidating and emotionally exhausting, but you have rights and options. In the United States, federal laws, such as the Fair Debt Collection Practices Act (FDCPA), protect consumers from abusive or unfair debt collection tactics. By understanding these protections, planning your responses, and staying organized, you can handle debt […]
Creating a Household Budget as a Couple Without Fighting
Budgeting with your partner can actually be a positive, team-building activity – in one study, couples who pooled their money and agreed on spending reported higher financial satisfaction. The secret is cooperation: start by discussing shared goals and values, plan regular “money dates” to chat, create a joint budget that respects both of you, select […]
4 Methods to Catch Up on Retirement Contributions When You’re 50
Turning 50 can feel like a significant milestone. You may be emerging from financially challenging years when you were paying for kids, cars, and a large mortgage. Now, as retirement looms ahead, your retirement savings are probably on your mind. If you’re feeling behind in your retirement contributions, there’s no need to panic yet. There’s […]
Is Cutting Cable Still Worth It in 2025?
Inflation has continued to rise dramatically over the last few years, prompting many people to seek new ways to save. Previously, one of the most popular pieces of advice was to cut your cable. If you’re one of the millions of Americans who pay for video streaming services, you probably don’t need cable, too, right? […]
Real Consequences and Fixes for Missed Loan Payments: Home, Auto and Student
Missing a loan payment can happen to anyone. Perhaps your paycheck was late, an unexpected emergency arose, or you simply forgot. While it’s a common mishap, it’s important to understand what comes next. This helpful guide explains what happens if you miss a payment on U.S. loans, such as home, car, and student loans. It […]
Should You Use a Personal Loan to Pay Off Credit Cards?
Is taking out a personal loan a good option for tackling your credit card debt? Learn about the benefits and potential risks to determine when it makes sense to use a personal loan to pay off a credit card. Circumstances When a Personal Loan May Be a Good Choice to Pay Off Credit Card Debt […]
What to Know Before Hiring a Financial Advisor
When it comes to managing your money, the decisions you make today can have a lasting impact on your future. Whether you’re planning for retirement, navigating a major life event or simply looking to grow your wealth, hiring a financial advisor can be a smart move. However, not all advisors are created equal, and choosing […]
