How Do I Open an Account With a Credit Union?
If you want to open an account with a financial institution that offers higher interest rates on deposits and a comprehensive approach to customer service, a nearby credit union is a great place to start. Credit unions can be a great resource for services including checking accounts, saving accounts, and loans. When it comes to […]
Tips for Affording a Car on Minimum Wage
Having a car isn’t merely a convenience, but a necessity for many people. However, it comes at a significant expense — in 2019, the average cost of a new car was $37,285 and the average cost of a used car was $20,200. For someone who earns or plans on earning minimum wage, this can create a […]
What Is the Fair and Accurate Credit Transaction Act?
2019 was a landmark year for data breaches, with 4.1 billion records compromised in the first six months. The majority of the records were email addresses or passwords, but the security failures revealed how widespread and serious a cybersecurity breach could be. Examples of recent and alarming data breaches that potentially endangered sensitive credit or financial […]
What Is a 401(k) Hardship Withdrawal: Everything You Need to Know
A 401(k) is a retirement savings plan that allows you to contribute a portion of your income into an account that earns investment income. In some cases, your employer may choose to match your contribution. Most of the time you are not able to withdraw from your 401(k) retirement plan until you’ve retired. However, some plans […]
Preapproval vs. Pre-Qualified: What Do They Mean for Mortgages and How Are They Different?
When you’re shopping for a home, it’s important to begin the process knowing how much you can afford, and how much a mortgage lender will be willing to lend you. Without this information, you could be setting yourself up for disappointment, as well as a lot of wasted time and money spent looking for and […]
Student Loan Debt Versus Credit Card Debt: What Should I Prioritize?
Making a plan for paying off student loans can be intimidating, especially if you have multiple sources of debt. Many former students have to deal with both tuition loan payments and credit card debt. How do you start tackling this debt, and which debts should you focus on first? How can you create a realistic […]