While experts may weigh in on which way the housing market will go – the truth is no one knows for sure. As a potential buyer, focus on the things you can control, like having enough savings, a good credit score and enough income to cover your new mortgage payments.
According to recent statistics, 73% of American teens said they’d like to know more about personal finances..1 And while many said they get money tips through a variety of sources – parents, school, social media – 75% didn’t feel confident about that knowledge. As a parent, you may feel the same way at times, trying to manage your money during the pandemic, now inflation. But helping your kids become savers is one of the best gifts you can give them. It’s the foundation of building lasting financial well-being.
Although you may find it difficult to think about purchasing life insurance when you’re young and healthy, you should consider it for two reasons: first, this will likely be the time when a policy is most affordable; and second, this will likely also be the time when your absence can have the greatest financial impact on your family. If you have dependents or provide your family’s sole financial support, a life insurance policy can give you the peace of mind that comes from knowing your loved ones will be taken care of if you’re unable to do so.
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Have you ever wondered how your future self might react to the financial decisions you make now? The older, more experienced you might extend a fist bump to your younger self for participating in your employer’s retirement plan. But you may get a thumbs down for racking up debt over the holidays.
It’s an exciting time: Your young adult’s 18th birthday is just around the corner and they’re probably questioning what to do next, after this important milestone occurs.
Here are ways to set yourself for success come 2023.
Are you planning on buying a larger home or downsizing this year? Before you start your search, take the time to understand the mortgage landscape. Getting the right loan can be as important as the home itself. The last thing you want to do is pay unnecessary fees or take on loan terms that might hurt your finances.
These three little numbers can mean getting the best interest rates on loans, credit cards, insurance, buying a car or house, or even landing a job. The higher your score, the lower rates you’ll enjoy, and vice versa. But if you have questions about how your credit score is determined, or why you have more than one, you’re not alone. Here are answers to some common questions.
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Interest rates have remained at historic lows for years, making it a great time to borrow money. However, in an effort to slow inflation, the Federal Reserve has raised rates three times so far this year. Here’s what you need to know.
Banking fees have a tendency to buzz around your finances, waiting to sting when you least expect it. At least that’s how it seems. Whether you have a single bank account or multiple credit cards, incurring fees can swell your spending and weaken your budget. But preventive measures can keep them at bay.
Here are four standard banking fees and tips to repel them.
