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8 Quick (and Legal) Ways to Arrange Money in a Difficult Situation

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This world runs on money. We work most of our lives to earn a living. An emergency doesn’t come announced, and it becomes even bigger trouble when you don’t have any savings. If you find yourself caught in a difficult situation where you need money, try one of these eight suggestions to arrange money that are most suitable for you. Ask a Friend or Family Member If you can’t rely on them, they aren’t your friends. Family members always support you even when you don’t have the best relationship with them. Be sure to ask for their support before you try any other way to arrange money. Take Out Advance from Credit Card Even if there is no money in … Read more

Everything You Need To Know About Facebook Libra

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Facebook Libra

The following is a guest post by Thyagarajan Gopalakrishnan. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. Cryptocurrencies have all been the rage for a few years now. The way the value of Bitcoin grew in the last few years has made people look up and take notice. Not just Bitcoin, others like Ethereum, XRP etc have also grown in a big way. Earlier there used to be crypto exchanges where you could buy and sell cryptocurrencies but now you have exchanges where you deal not only with cryptocurrencies, but you can even trade in stocks, as this eToro review proves. True that eToro fees are slightly different, but such … Read more

Education Savings Plan: Secure Your Child’s Future with Proper Investment

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Should You Take Out Private Student Loans for College?

Statistics Canada has reported about half of the Canadian families having an RESP plan, much lower than Canadians holding a registered retirement savings plan (RRSPs) and a tax-free savings account (TFSAs). This might seem harsh on the part of retirement-conscious families not building a secure education fund for their children. Still, it only reveals the crude economic realities of present-day Canada. Soaring university costs are not within the savings capacity of low-income and middle-income earning Canadian families. Besides, many are wary of the eventuality where their kids may not choose university studies, making an RESP plan an altogether pointless investment choice. All fears granted, there are smart options to dodge perceived uncertainties. Investing in government bonds, Guaranteed Investment Certificates (GICs), … Read more

7 Poor Financial Habits that Spoil Your Credit Score

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Your Credit Score May Be Costing You Thousands of Dollars

The following is a guest post by Tiffany Wagner about poor financial habits. If you’d like to contribute a guest post to Money Q&A, be sure to check out our guest posting guidelines. Your credit score sets the boundary between getting approved or declined for a loan or credit card. It determines your creditworthiness and interest rates. Lenders use your credit score as one of the critical deciding factors to let you borrow money to purchase a house or car, rent an apartment, or take out a school loan. The scores set by most lending platforms like Credit Ninja may range from 850 (perfect), 760 (excellent), down to 300 (disaster). As such, it’s important to keep your credit score healthy … Read more

Developing Multiple Income Streams: 5 Ways for You to Become Financially Independent

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The following is a guest post by Benjamin Lee about becoming financially independent. If you’d like to contribute a guest post to Money Q&A, check out our guest posting guidelines. With the way the job market is, relying on a single income stream just doesn’t cut it anymore. In fact, with mounting debt and stagnating wages, chances are that millennials will not have enough to retire.  You could just as easily be replaced by a robot tomorrow or your job may be outsourced to a third-party country. Thus, at the way things are going, it should come as no surprise that the new generation is worried. Fortunately, there’s still hope on the horizon to become financially independent. Advancements in technology … Read more

What You Need to Consider Before You Take Out a Bank Loan

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Reasons to Add Fun Money to Your Budget

Consider why you need the money and if there are any alternatives. Well, obviously, you already have a pretty good idea of why you need a bank loan, to begin with. However, when there is a financial emergency, most people tend to panic, and you might not be thinking clearly. So, take a breather! Sit down and appraise your situation objectively. A bank loan is a big decision, and if you play it wrong, you might end up in more trouble than you were originally in. Around half the people that take out loans do so to cover a personal emergency like a huge and urgent bill. Examples would be medical fees, flood repairs, or vehicle repairs/ replacement, however, getting … Read more