Most of us expect a pretty decent tax refund every year. It’s a nice incentive to look forward to after working hard the whole year and staying productive! The size of the tax refund you receive depends on a number of factors including: Income Dependents Tax exemption statuses and the amount you withhold from your earnings … Read more
Being in debt is one of the worst feelings in the world. You just can’t feel like you can control your financial situation. It is even worse if you’re in debt because of something outside of your control, like medical expenses or caring for a loved one. Regardless of the reason you’re in debt, there … Read more
Credit card debt affects millions of Americans, and carries with it a host of bad side effects such as hurting your credit score and leaving you in financial ruin. When you run up a large credit card debt, you risk incurring large interest rates that will sink you even further into debt. In addition, your … Read more
Guest Post by Ed O’Brien There are many consumers searching for the ideal way to pay down their debt to have more financial freedom and improve their credit. While there are varied ways and methods for eliminating debt effectively, no one program will work for every consumer. The first step in effective debt relief is … Read more
When it comes to saying, “I do,” there are few topics that come up faster than the issue of money. Whether it’s paying bills, sticking to budgets, combining finances or consolidating debt, the topic of money has the potential to divide or unify. So, whether you’re recently engaged, newly married, or just finally getting around … Read more
In our article “Paying Your Mortgage Early” we covered some of the mathematics behind paying a mortgage early. It’s very important to do this in order to minimize the amount of money that you are putting into the banks pocket. For every dollar extra you pay in interest, that’s a dollar you can’t use to … Read more
Today we are going to define a phrase that we will probably be using quite a bit in the future. We are going to better define the phrase “perpetual mindset” for our purposes and uses. We will first give its literal definition, then we are going to apply a more specific definition for our purposes. … Read more
Today we are going to discuss some of the mathematics behind paying extra towards your mortgage early on. Here are the assumptions: Mortgage Amount: $150,000 Mortgage % Rate: 5% – Fixed Mortgage Term: 30 Years No prepayment penalty That last one is important. Few mortgages have prepayment penalties, but always double-check. Additionally, there are a … Read more
5 Smart and effective tips to pay off student loans Education has become very costly nowadays. Millions of undergraduates take out student loans to cover the education cost. Sometimes, they’re compelled to take out multiple student loans as higher education has become very expensive. It is essential to remember that each student loan has different … Read more