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.

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? 

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 Know if You Are a Victim of Fraud

Recently, we published an article about the importance of checking your credit report annually. We cannot stress enough as to the importance of this activity. After all, doing so allows you the opportunity to dispute potentially erroneous information on your report, and you can become aware of negative information in your file. Another benefit, however, to checking your report annually comes from the ability to ensure that you are not a victim of identity theft or other fraudulent activities.

Setting a Budget and Living Within Your Means

Last week, we provided insight into the importance of checking your credit report once per year. On a parallel path to working through inaccuracies or negative information on your credit report, your next step is to establish a budget that will help you get ahead. Though many Americans live paycheck to paycheck, this can be dangerous territory. It is simply not a sustainable process. And, if something goes wrong such as you incur an unanticipated medical expense, you experience a job loss, or other, you can quickly find yourself in a position where staying on top of your bills is no longer possible.

Start 2020 Off Right with a Credit Report Review

2020 is here - a new year and a new decade. If you are like most Americans you have probably established a few New Year’s resolutions. If 2020 is like 2019 (and many years before that), you are likely resolving to get in shape, lose weight, eat healthier, improve your approach to self-care, learn a new skill, get a new job, or manage your money better. And managing your money better is a critical lifestyle change that will help you become financially healthier (and mentally healthier too).

The Importance of Credit Scores

You are more than a number. You are a living, breathing person with hopes and dreams. You are a truly unique and special soul.

But when it comes to your credit, well, you’re kind of a number.

As many people know — especially people with bad credit — credit scores are very important to lenders. These three-digit scores are calculated using a variety of factors and banks use them when determining if they should give you a credit card, line of credit or loan. The lower your score is, the bigger a risk a lender thinks it will be that they’ll get their money back from you.

Holiday Survival Guide: Finance Edition

The holidays are full of joy and cheer to end your year. The time with family and friends is a gift that never ends.

OK, let’s be real. The holidays are hard. There’s a lot of pressure to find the perfect gifts for your loved ones and see everyone in a limited amount of time. And we won’t even get into what it’s like to try to have a conversation with that uncle. You know the one.

Another reason the holidays can be difficult is because of your finances. Every commercial, every store, and every event is encouraging you to spend a little bit more than you should.

How can you survive the holidays with your finances intact? We’ve got you covered with this survival guide.

How Do Interest Rates Actually Work?

They say it takes money to make money. The hard truth is that it also takes money to borrow money, though it kind of works in reverse.

The general idea behind loans is that a lender provides a sum of money in return for a promise that the borrower will pay that money (and some more) back within a specified period of time. So, any loan is a tradeoff where you as the borrower say, “Having X dollars today is important enough to me that I’m willing to pay you back Y dollars.”

How Financial Fees Pack a Punch

Credit cards, bank accounts and loans all have a few things in common — none more obvious than fees. There are so many potential fees that it’s hard to keep track of all of them.

By doing your homework before you borrow money or rack up credit card debt, you can determine the right path for you. Spotloan, for instance, is a short-term installment loan that prides itself on having no hidden fees.