Category: Personal Finance

Studies show that given a choice, a vast majority of elderly people would love to spend their golden years in their own home and age gracefully in place, rather than moving to a nursing home or an assisted living facility. However, there are several expenses associated with aging in place, which you need to plan […]

Your personal credit score is a crucial indicator of your financial health. It plays a significant role in determining your eligibility for loans, credit cards, and even housing rentals. However, understanding the complex factors that contribute to your credit score can be a daunting task. In this blog, we will demystify the concept of credit […]

There is no denying the fact that living within your means is the first step towards achieving financial security. Data shows that a vast majority of Americans do not have sufficient savings not because they make too little, but because they spend a lot on non-essential items. Controlling your spending is absolutely critical to safeguard […]

The price you see in online travel search engines often does not accurately reflect the total cost of a flight, so it is important to keep this in mind when booking a flight online. Added fees for seats, bags, and the like drive up the initial price. You pay more for conveniences, too, such as […]

As interest rates rise, people will have to pay more for credit cards and loans. With higher interest rates, people will be discouraged from borrowing and spending. People who already have loans will have less disposable income because they will have to pay more in interest. If you are currently holding any financial products such […]

Let me begin by being realistic in the type of vehicle most of us want to drive today. We all want a mid-size SUV, preferably a 7 passenger, but we will settle for a 5 passenger. On top of that, we also want a luxury performance vehicle with a combination of everything. So does it […]

In unsteady economic times, you sometimes need a small amount of money to take advantage of a good deal or cover an unexpected expense. If you don’t have cash on hand, a modest personal loan — which can range from a few hundred dollars to thousands — could help out in your time of need. […]

Almost everyone faces unforeseen emergencies at some point, which can result in significant expenses. In absence of proper planning and preparation, these sudden, unplanned expenses can cause your savings to evaporate, or force you to take out high-interest loans that could create a debt spiral. Here are four common emergency expenses and ways to prepare […]

If you’ve incurred one or more debts, and the interest burden is continually growing, you might be getting into a vicious debt trap. To avoid this situation which could decimate your savings or even lead to a bankruptcy, it’s critical to have a clear idea of how much debt you owe and to whom. The […]