If you have a credit card then you likely receive a monthly statement telling you the minimum payment you’re required to make by a certain date. But there is a lot more going on with your statement than just the payment due. In this post, we’ll be covering: the difference between your credit card closing…
What is a 401(k) Plan? A 401(k) plan is a retirement savings account that you can use to build up money for your future. It was designed by the government to encourage people to build up a nest egg. 401(k) plans are named after section 401(k) of the Internal Revenue Code. When you open a…
You can have the greatest budget in the world, but at some point, life is going to throw you a financial curve ball. It might be a parking ticket or a sudden job loss. Either way, you’re going to want a financial safety net to catch those curve balls (it’s possible I’ve muddled my metaphor…
Everyone knows that creating a budget allows you the knowledge of knowing where your money goes and the freedom to decide what is most important to you to continue your lifestyle. But one of the toughest parts of budgeting is making sure you budget everything; there are a few things you may be forgetting to…
A credit score is a number that is determined by a person’s credit history. A good credit score opens up a lot of choices for you financially. The biggest benefit of a good credit score is being approved for financing at the best interest rates. A low interest rate means saving tens of thousands of…
I think you’ll agree that having an abundance of most things, in particular, money can be a big help in achieving financial goals. But did you know mindset can have a lot to do with it? If you’ve ever operated from a scarcity mindset, like me ‘a la 2012’ you’ll know it sucks and doesn’t…
In this guide we’ll help you understand the bankruptcy process from start to finish. We’ll dive into definitions and the differences between filing Chapter 7, 11 or 13 bankruptcy, as well as answer your questions about how much it costs, and why you shouldn’t be ashamed. What is bankruptcy? Bankruptcy is a legal proceeding involving…
Having good credit can go a long way in making your life more financially secure. But unlike knowing how to breathe, you aren’t born with it. But you can have help getting it from your mama 😉 Read on to find out how….. How “credit worthy” you are is determined by your credit score. A…
There are lots of different ways to look at income streams, but the long and short of it is that you want to build up multiple income streams to not only build wealth but also security in what can be a volatile economy.
You need an emergency fund. I need them emergency fund. Everyone should have an emergency fund. Unfortunately, Oprah isn’t handing them out. You’ve got to take care of it yourself. Hopefully, you know that your emergency fund should not be stashed in your checking account. Because if it’s there you’ll spend it. Having your emergency…