
Home Equity Line of Credit vs. Home Equity Loan
If you’re in need of funds for home repairs, renovations, or paying down high-interest debt, you may have considered a home equity loan or a home equity line of credit. While both of these financial options allow you to borrow ...

What is Passive Income?
Warren Buffett, the billionaire businessman and philanthropist, once said: “If you don’t find a way to make money while you sleep, you will work until you die.” Though it may sound like a somewhat grim indictment ...

Financial Tips for Going Back to School
If you’re considering going back to college to boost your credentials, you’re probably on the lookout for money-saving strategies. Here are five dollar-stretching tips to keep you at the top of your class.
Fill out FAFSA
If ...

Identifying Your Wants Vs. Your Needs
The foundation of successfully managing your finances is budgeting, and a pillar of budgeting is learning to distinguish your needs from your wants. If you can’t differentiate those, you could wind up overspending on luxuries ...

How Marriage Affects Debt
Finding the person you want to spend the rest of your life with is a wondrous feeling, but that head-over-heels elation can distract you from the important questions you need to ask yourself when deciding whether to marry that ...

The Right Way to Take Out College Loans
College loans seem like a boon for students seeking higher education, but all too often, they can become a burden. According to the nonprofit group American Student Assistance, 56 percent of young adults suffer from near-constant ...

Smart Spending in the Holiday Season
The holiday season is fast approaching, a fact alone that may already have alarm bells ringing in your head. With its arrival comes the return of holiday shopping, and if you have an expansive list of people to buy for, it may ...

What to Do if You Regret Co-signing on a Loan
If you have a loved one who at some point found themselves in dire financial straits, you may have taken the plunge and co-signed on a loan or credit card to give them a much-needed boost. You’re now feeling the all-too-common ...

Why Payday Loans Aren’t Worth The Hassle
On paper, payday loans can seem like a financial lifeline. They don’t require a lot of red tape, and funds are available almost immediately. However, a closer look at the lengthy stipulations, obscenely high interest rates, ...

The Importance of Separating Spending and Savings Accounts
Whether you’re great at managing your money or bad at it, chances are that you have room for improvement. Accelerate your savings goals while staying on top of routine expenses when you establish two different accounts for your ...
Connect with Colonial: