Having access to credit is monumentally important to a small business, especially when you’re just starting out. According to the Small Business Administration (SBA), using a business credit card is one of the fastest ways to build credit history for your business. With a strong credit history, you’ll get more favorable terms and rates, as … Read more
College is a proven path to higher career earnings. A bachelor’s degree alone can increase your lifetime earnings by as much as $630,000 to $900,000 or more. With this in mind, many parents are hyper-focused on their kids attending college and finding a lucrative career. However, the average cost of college in the U.S. is … Read more
When you’re ready to start saving for college, a 529 plan is one option to consider. It allows you to set aside money for future education expenses on a tax-advantaged basis. Contributions grow tax-deferred, and withdrawals are tax-free when used for qualified education expenses. All 50 states offer at least one 529 savings plan, but … Read more
Higher education is notoriously expensive, and costs are only expected to rise. For this reason, setting aside cash for college expenses as soon as possible—and in the right investment vehicle so it can grow to where you need it to be—will relieve you of having to come up with the money later. It can also … Read more
Certificates of deposit (CDs) are safety investments sold primarily by banks and credit unions. They are considered safe for a couple of reasons. First, the issuer offers a principal guarantee and in most cases, a fixed interest rate. Additionally, most bank CDs are insured by the Federal Deposit Insurance Corporation (FDIC), offering an additional layer … Read more
Most of us have been told from very early in life that saving is important—some readers may even remember the actual, physical piggy banks kids once had. Now that you’re an adult, it’s important to define the specific goals of that saving habit. How much do you really need to ensure security in the present … Read more
There are dozens of apps designed to help you budget smarter, track your spending, set financial goals, and keep an eye on your investments. Some are free while others charge a monthly fee, which could be worth it if you can save more money or pay off debt faster. We narrowed down the field of … Read more
If you have bad credit, you may think it’s impossible to get a personal loan. Fortunately, that isn’t always the case. There are plenty of financial institutions willing to work with borrowers who have poor credit scores, but it’s important to do your research to determine the best loan for you. Find out about the … Read more
Personal loans can be used to consolidate debt, fund large expenses, or cover emergencies when cash is tight. No-credit-check loans are a category of personal loans that allow you to apply and be approved without a lender looking at your credit reports or scores. PersonalLoans Loan amount $250 to $35,000 No-credit-check loans can allow for … Read more
An annuity is a type of investment contract between an individual and an insurance company, bank, or brokerage firm. It’s designed to help the investor, or annuitant, save money that they can use as a supplement to their other retirement income, such as Social Security or a 401(k). This can help guarantee that the annuitant … Read more