Is no surprise to most consumers that the most common cause of arguments among married couples is money and finances. In fact, it’s been found through numerous studies that disagreements over money are the leading cause of divorce.
If you’re in a relationship and ready to take it to the next level (marriage, that is) it’s important to know what type of habits your soon-to-be spouse has, financially speaking. It doesn’t mean that you have to find someone that sees perfectly eye-to-eye with you on finances, because that’s very unlikely, but just that you find someone who’s close.
In today’s day and age there is simply no getting around the fact that you need credit in order to make some of the more significant purchases in your life. It’s also quite handy to have, to be sure.
Whether it’s to purchase a home, and automobile or any other type of “big ticket” items, lenders look at your credit score before they look at anything else (unless of course you have a huge amount of cash) (which you probably don’t). What that means is that, if you don’t have a credit history, you’ll need to build one so that those creditors have something to look at, and you need to of course get it as high as possible (and keep it there) in order to get great rates on interest.
Many consumers believe that the only way to do this is by getting a credit card, but that’s definitely not the case. Below are a number of alternatives that don’t include getting a credit card but definitely will help you to build a credit history and boost your credit score. Enjoy.
If you need to book a flight, and you’re paying for it out of your own pocket, whether it’s is for vacation or work you’ll of course want to save as much money as possible. That means booking in advance, as most people who travel regularly already know, but it also means booking your tickets on the correct day of the week and time of the year too.
First a little bit about booking in advance. Many consumers believe that 2 or 3 weeks in advance is enough but, based on the analyzation of nearly 5 million trips in 2014, it was determined that 47 days ,or just under seven weeks, is the “sweet spot” for getting the best airfare.
For today’s consumers, preparing for retirement means factoring in what Social Security will be paying once their regular paychecks stop rolling in. That means figuring out exactly what those payments are going to be, and also when is the best time to start receiving them. In fact, there are 3 Questions that most consumers have when it comes to Social Security and, in today’s blog, we’ll look at all 3 of them and answer them as well. Enjoy.
The first is the biggest; “Will Social Security actually be around when I retire?”
Being financially prudent doesn’t have to be complex. Rebalancing your portfolio or maximizing the contributions of your 401(k) are invaluable moves. But not everyone has the knowledge or the knack for careful investing and budgeting. That’s why Money is the Root exists: to help those in the know and teach those who don’t know. So, if you find big financial decisions daunting don’t despair. In fact, you can save more than you realize with simple everyday solutions:
1. Household Shopping – Anyone who runs a home, whether alone or with their partner, will be aware of how quickly one can get through household supplies. Especially if children are part of said household. CRASH! There go the paper towels you just purchased and, oh, if only you’d thought to buy an extra bottle of the hardwood floor cleaner, it would sure come in handy right about now. That’s why buying in bulk is usually the smart financial move. Next time you’re at Walgreens make sure to opt for the multi-pack on offer and stock up on peace of mind.
Top Tips for When the IRS Garnishes your Wages
Two words that no one wants associated with them: wage garnishment. If you are behind on paying back your taxes, the IRS can contact your employer and have your wages garnished. They send notifications leading up to this action, but it’s better to get ahead of the problem rather than let it ride out. Your employer has to comply with a wage garnishment and the IRS can take 25 percent or more of your income until your debts are paid off. It’s safe to say that this is not an ideal situation.
Wage garnishments only occur after you have not paid your taxes and have ignored the warnings from the IRS. When you receive notifications from the government, take them seriously. They will move more quickly than you think and then you’ll have fewer options. Fortunately, if you do face wage garnishment, there are options to delay the IRS or stop these proceedings altogether.
The Following is Post from Kyle over at The Penny Hoarder
When I made the decision to stay home with my kids after 10 years of working outside the home, I absolutely knew it was the right decision for my family. However, I was afraid of failing. I was afraid of how my family would survive without my income.
There really was no need for fear.
There is no One-Size-Fits-All answer to this conundrum. Investment is inherently risky. No matter what you invest in, there’s at least some chance that you’ll lose it all. Though, depending on the investment, that chance may be very likely or not very likely at all. At the end of the day, only you can determine how much risk you are comfortable with. A good rule of thumb is to have only as much as you can handle without losing sleep at night. If the sleep test checks out, then you may just be in the right situation. But just in case, you may want to think about the following principles.
1) Younger Investors Can Handle More Risk. Typically, that is. It works like this. Say you have a portfolio of stocks and bonds, as many people do. Stocks fluctuate in value a lot more than bonds. If you had stock only in one company, that would be risky indeed. Having investments in many stocks has a balancing effect on your portfolio. If one falls, another is rising. If you invest in an index fund of most or all big corporate stocks, you’ll get the benefit of the market’s tendency to increase in value over time. Of course, there are still some down years, but over the course of decades, the market always shows growth. That’s why young investors can keep a lot of money in stocks. If they lose a lot, they’ve got plenty of life to wait for it to rebound. Older investors tend to take on more bonds, which are very stable but don’t increase in value very much. Even as a young investor, you may want to have at least a handful of bonds, but it’s not uncommon to have less than 10% of your funds allocated to bonds, if you are young.
Getting the right home loan guidance doesn’t have to take up your whole weekend, unnecessary paperwork or even putting a pause on your favourite playlist. In fact, you can make a start on your home loan application right now, by using your smart phone and the best part is you don’t even need to make a call. Check out our four easy steps below to see how you can get started:
1. Price Advice
There are few things better for your financial health than paying off any debts that you have as quickly as possible. The fact is, the longer you have the debt and the longer interest accrues, the more you pay for that debt. Even if what you purchased might have been a “bargain”, paying for it over several years will quickly turn it into something far less. For that reason, we put together a number of tips and bits of advice for paying off your debt smarter and faster. Enjoy.
Tip 1: Prioritize