Credit card debt has a way of sneaking up on you. And once it’s there, it can be extremely difficult to get under control. High-interest rates can create a debt spiral that often feels impossible to escape, no matter how hard you try. If you’re ready to eliminate your credit card debt once and for all, it’s time to consider a strategy called debt consolidation.
Today, most mortgages have terms that extend up to 30 years or more. While this makes the monthly payments affordable, decades of interest payments can add up to a substantial sum. A common question among homeowners is whether they should pay off their mortgage early. It can be a tricky question to answer.
Many members are surprised to learn that you don’t need to be a top negotiator to drive away with a good deal. Most of the effort, and mistakes, happen well before you ever set foot in a dealership. Review the following six car-buying mistakes and how to avoid them as you search for your next vehicle.
On December 31, 2022, the administrative forbearance for federal student loans is set to end – meaning loan payments will resume in 2023. For many borrowers, this is causing panic and stress. Before your student loan payments resume, review the following tips to ensure you’re financially ready.
Buying your first car is both exciting and a bit overwhelming. It’s a big decision that will impact your finances for the next several years. As a first-time buyer, you want to know you’re making the right choice and not being taken advantage of by the dealership.
Many people are turning to credit cards to help manage rising prices and make ends meet. Unfortunately, moves by the Federal Reserve are causing credit card rates to spike – giving people a double punch right in the wallet. Rising prices plus rising interest rates can create a costly debt spiral that’s difficult to escape.
One area that first-time homebuyers struggle the most to understand is their monthly mortgage payment. Unlike a car loan, it’s not as clear-cut. And most real estate websites and financial calculators only focus on the principal and interest portion of your payment – which can be very misleading.
Unexpected medical expenses are inevitable and always seem to show up at the most inopportune time. Being that these costs are often relatively high, you may wonder how you will ever pay for them.
When thinking about home protection, most people turn to a homeowner’s insurance plan. Homeowner’s insurance covers your home in the event of a theft, fire, water damage, and more. However, what happens if major household items like your appliances or HVAC break down? That’s where a home warranty comes into play.
Loans are commonplace in our society, and most people will carry a variety of debts during their lifetime. While it's not always the easiest thing to do, your goal should be to repay your balance as quickly as possible. Here are six tactics to help you pay off debt sooner.
