Even if you’re single, your personal credit score matters to other people beyond just your landlord and lenders. In fact, a new survey from Discover Financial Services and Match Media Group (parent company of the Tinder dating app) found that 69% of the 2,000 people surveyed agreed that financial responsibility is an extremely important quality to them when it comes to finding a romantic partner. Surprisingly, financial responsibility ranked higher than a sense of humor (67%), attractiveness (51%), and ambition (50%). What does this … [Read more...] about Can Your Credit Score Affect Your Dating Life?
If you’re living paycheck-to-paycheck, long-term savings and investment strategies aren’t exactly a priority. After all, you need to make sure you can afford basic human necessities like the roof over your head, utilities, and food, not to mention life necessities like car insurance and cell phone plans. Once everything is accounted for, what little is leftover from your last paycheck might be used to pay off debt or go out to dinner one night per month. Investing money in stocks, bonds, or any other option just doesn’t seem feasible, given … [Read more...] about How to Start Investing Even When You Are Almost Broke
Most parents do a wonderful job of preparing their kids for academic success, future jobs, and raising families of their own, but countless studies released over the past several years indicate that parents have somewhat failed to educate their kids in one crucial category: personal finance. Younger generations are experiencing almost unprecedented financial struggles as they get into their 20s and 30s, but is it really due to them just being “lazy” like the media headlines suggest? Why else would the quality of their lives be decreasing … [Read more...] about Did Our Parents Teach Us Bad Habits About Money?
The idea of “keeping up with the Joneses” is less of a financial phenomenon than it is a psychological one. While it certainly involves spending a lot of money to mirror the life of someone you admire (or are jealous of), a lot of it boils down to psychologically-induced spending habits in a misguided race to “have it all.” How to Stop Keeping Up with the Joneses Rather than blowing your money on impulse purchases to maintain a similar lifestyle as your family members, friends, or neighbors, here are some helpful strategies to rein in your … [Read more...] about Top 4 Ways to Stop Keeping Up with the Joneses
It’s not hard to find ways to save money while shopping online, but there is always room for improvement when it comes to efficiently finding coupons and deals for websites you regularly shop at. The Honey browser extension does just that: automatically find the best promo codes online and enter them for you during checkout so you can save money with no extra effort! The Honey browser extension is completely free and available on many different browsers (Chrome, Firefox, Safari, Opera). So, there is no reason to avoid trying out Honey during … [Read more...] about Want to Save Money with No Extra Effort? The Honey Extension Can Help!
What are junk bonds? And, are junk bonds a good addition to your investment portfolio? If you are just like average investors, you're probably all that not familiar with junk bonds and how they can boost your rate of returns on your investments. Junk bonds are high-yield bonds that offer profitable prospects for investors, but they're not investment-grade bonds. They are a fixed income investment that have a credit rating of BB or lower as indicated by Standard & Poor's or a Ba rating or below from Moody's Investors Service. They are … [Read more...] about What Are Junk Bonds? What You Need to Know to Invest
When you’re trying to get the best return on investment, you need to think outside the box for new investment options and platforms that offer a balanced mix of risk and reward for your portfolio. The key to consistent and maximal returns is diversity. But, why limit yourself to the usual mix of stocks, bonds, and mutual funds managed by a financial planner when there are so many other options out there? Robo Advisors vs. Peer-to-Peer Lending Robo advisors and peer-to-peer lending are two awesome alternatives to the traditional financial … [Read more...] about Robo Advisors vs. Peer-to-Peer Lending – What’s Better for Your Portfolio?
Basic investment advice tells us that bonds are safer (but potentially less rewarding) than stocks, but truly learning the ins and outs of bonds is cast aside in favor of the latest and greatest investment opportunities like cryptocurrencies and junk bonds. While bonds are less popular amongst investors with moderate to aggressive investment strategies, it’s still worth knowing what types of bonds are out there and which ones might be good additions to your investment portfolio. Have you ever wondered what are bonds? In a nutshell, bonds are … [Read more...] about What Are Bonds and Are They Worth Investing In?
If you’re getting close to retirement age and you have minimal to no savings in a 401k or IRA, what should you do? Having few assets is one of the biggest retirement killers out there because Social Security payments aren’t enough for many Americans to live on – especially with average life expectancies rising each year – but if you’re in your 50s or early 60s and want to retire at some point, what can you possibly do? While it could be anxiety-inducing to come upon your retirement years with little savings to finally quit your job, remember … [Read more...] about What to Do When You Reach Retirement Age and Have No Savings
Disclaimer - This is a sponsored post by PSECU, a credit union in Pennsylvania. When was the last time you re-evaluated your budget? The task of reviewing, pruning and re-allocating our money often gets lost in the minutiae of life. You get too busy earning money that you forget to manage what you already have. What’s the point of going back out to the field to get a bigger harvest, if the veggies you picked last week are rotting at home because you didn’t take the time to can, dry, or preserve. Similarly, good money management is … [Read more...] about How to Manage Your Money – 6 Steps for Better Money Management (Infographic)