Know the Differences between Simple and Compound Interest

When borrowing money, odds are you’ll be paying interest on that loan. It pays to know the differences between simple and compound interest and how these can be advantageous or disadvantageous for you in various situations, ...

When to Consider a Second Mortgage

As your largest asset, your home carries a lot of weight in terms of your current financial health and your future financial goals. Using your home as collateral, you can acquire a second mortgage to rectify money troubles or ...

Pros and Cons of Having an Emergency Fund

Having an emergency fund may seem on the surface to be a common-sense proposition. Money set aside specifically for the purposes of having it in the event of an emergency acts can be a valuable buffer between yourself and financial ...

The Pros and Cons of Multiple Savings Accounts

While having a single savings account can provide a solid foundation for building wealth, it’s not always the best strategy when it comes to growing your cash. Depending on your spending and saving habits, having multiple accounts ...

Apps That Build Your Savings

Saving money can be a tough task, and to increase your savings effectively you must be focused, determined and willing to make some spending sacrifices. However, saving money in today’s digital age is easier than ever. The growing ...

Financial Skills for Young Adults

The real world is expensive, and if young adults lack financial aptitude, they will struggle not only fiscally, but emotionally as well. That’s why you need to acquire financial skills as you make your way through college, navigate ...

Should You Maintain Separate Accounts When You Get Married?

Joining your now-spouse in matrimony strengthens your relationship and confirms a lifetime commitment. It also comes with a fair amount of effort, not just in terms of making sure that your partnership will stand the test of time, ...

Determining Your Car-Buying Budget

Buying a new car is an exciting process, especially when you’ve been saving and waiting for the right one to come along. Cars are an expensive investment that take time and consideration. Before you hit the dealership, do a ...

4 Ways to Pay Off Your Mortgage Quicker

Mortgage payments can be a major drain on your budget. Paying off the minimum amount each month can be helpful in the short term, but the extra interest and duration of the loan can make a significant dent in your long term spending ...

3 Ways to Save on Pet Expenses

You consider your pets to be a part of the family: They’re always excited to see you when you get home and they never shy away from snuggling up with you on the couch after a bad day. Because you care for them so dearly, you’re ...