In Demand Jobs for the Unemployed
There has been a lot of uncertainty since COVID-19 coverage ramped up in the United States and across the rest of the world. In particular, financial uncertainty seems to fluctuate with each coronavirus-related update, and rampant layoffs and fluctuations in the market are providing a whole new set of challenges. In the short amount of time that we’ve been seeing cases accrue, a record-high number of Americans have been forced to file for unemployment.
How to Get Financially Fit at Home
Let’s face it - people all over the world right now are spending time at home, figuring out a new normal as the world seeks to stop the spread of coronavirus. This has resulted in the need for people of all ages to get creative. Those fortunate enough to do so are working from home. Educators are looking for new ways to provide teachings to their students through webcams and other technology. Fitness enthusiasts are setting up home gyms so that they can stay in shape.
LEARN MORE
What You Need to Know about Your Upcoming Stimulus Check
If you’ve been following the news related to the coronavirus, you likely know that the White House and leaders of Congress recently negotiated a $2 trillion recovery package. As part of this package, various taxpayers across the United States may be able to receive a $1200 stimulus check.
LEARN MORE
Avoid Debt with These Six Fun DIY Spring Projects
With spring right around the corner and a bit more time at home to take advantage of, do-it-yourself projects can give us something to focus on that doesn’t involve spending a lot of money (if any). After all, what’s better than doing something fun and productive that also doesn’t take away from your financial goals?
LEARN MORE
How to Build an Emergency Savings Fund
Whether it’s an emergency room trip, a roof repair, or a car replacement, a major unexpected expense can be a tremendous setback. But when you take the time to build your savings, it’ll be far less damaging. Having a solid emergency savings fund to fall back on can help you avoid borrowing at high rates or maxing out credit cards. If you’re worried about being behind, you’re not the only one; according to Bankrate, about 28% of U.S. adults don’t have emergency savings. This important financial buffer can be difficult to build, but here are some tips to make it easier.
How to Pay Off Your Credit Card Debt
Credit card debt is considered to be one of the worst debt forms because it’s easy to max those cards out, and even easier to get buried under a mountain of accumulated compound interest. If this sounds like a familiar story, don’t worry, you’re not alone. It’s easy to feel overwhelmed in the beginning, but each positive money move you make brings you closer to financial freedom.
How to Avoid Building Credit Card Debt
There are many different methods we can use to secure a healthy financial present and future. Avoiding credit card debt like the plague is one of the best and biggest ones. That’s not to say that credit cards, on the whole, are terrible and have no redeeming qualities. When you use them the right way, they can help you build your credit, make large purchases, and earn rewards.
What Happens to Debt When Someone Dies?
In an ideal world, our debts would be wiped clean once we passed away. Unfortunately, this is not usually the case. In reality, the process of dealing with debt after someone dies can get a bit complicated. Depending on the type of debt and the situation, debts may be discharged, collected through other methods, or fall on the co-signer or joint account holder.
How Long Does Bankruptcy Stay on Your Credit Report?
When we were young, no one ever really taught us about tricky financial situations like credit card debt, owing money to the IRS at tax time, or going through bankruptcy. Unfortunately, many of us have had to learn these lessons the hard way. High-interest loans and credit card bills can sneak up on the best of us. But the good news is that you’re not on your own anymore; there are resources available to help.
Changes to the FICO Score in 2020 - What You Should Know
One of the best ways to keep track of your financial health is to monitor your credit score. This number helps to determine your eligibility for different kinds of loans (personal, mortgage, auto, etc.), rentals, credit cards, and more. We’ll get right down to what you need to know about the changes to your score this year, but it is essential that you also take the time to understand why your FICO score is so important.
