With so many ways to borrow money, financial literacy is still an enemy for most Americans.
As the survey shows, the lack of financial literacy cost 240 million Americans a total of more than $307 billion in 2019.
It may sound weird, but many people underestimate the importance of knowing their credit score. Until it’s too late. Thing is, vigilance about your credit score helps you make smarter lending decisions. Whereas negligence could cost you a pretty penny.
Many people use credit cards or have any other type of debt these days.
If you struggle to make on-time monthly payments on several credit cards, overdrafts, or payday loans, it might be a better idea to turn it into a single monthly payment by taking a personal loan to consolidate debt.
Good news, the American Dream of owning your own home is still possible!
Buying a home is often the number one financial goal for young professionals. If you are dreaming about making that move from renter to homeowner, there are a few questions you need to consider to see if now is the right time to own versus renting.
When it comes to dream scenarios, virtually everyone has wondered and fantasized about what to do with a massive windfall. Whether it’s winning the lottery, getting an inheritance from a wealthy relative, or earning a fat paycheck, getting a million dollars out of nowhere would be quite an experience.
FIRE (Financial Independence, Retire Early) has been a hot topic in the personal finance community for the last decade or so. Blogs and podcasts have thoroughly explored the topic through impressive stories of effort, self-control, and investing savvy.
How many people have savings specially allocated for urgent car repairs? Probably not a lot.
The research shows that a $500 bill for auto repair is too heavy for 63% of American citizens so that they have to opt for auto repair financing or money help from family.