You know you should improve your credit score. You hear over and over again that having bad credit can affect your interest rates on credit cards and loans, but if you think those are the only things bad credit affects, think again. 10 Things You Didn’t Know Bad Credit Affects 1. Your Mental Health Did you know that psychological and social epidemiological research has linked household debt to higher instances of depression, greater feelings of stress, lower quality health, and higher blood pressure? This may sound obvious, but the … [Read more...] about 10 Things You Didn’t Know Bad Credit Affects
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%).
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There are plenty of reasons why debit cards are not only still relevant, but also incredibly useful for consumers – even in an era of competitive credit card rewards offers and our seemingly insatiable appetite for buying things now and paying off these purchases later. If you’re a parent who’s trying to teach your kids about personal finance, then prepaid debit cards are an excellent option for developing good spending and saving habits from an early age. Alternatively, perhaps you’ve struggled with racking up credit card debt and need … [Read more...] about Current Prepaid Debit Card Review – How to Manage Your Teens Allowance
There are countless stories circulating online about people who felt burned out from work so they saved up thousands of dollars, quit their jobs, and put their most treasured possessions in storage and began traveling the world with little more than a suitcase and laptop. In many cases, these people became travel bloggers, social media influencers, freelancers or English teachers to supplement their income while traveling – but how realistic is this major lifestyle decision? Even if you’re able to make money while jet-setting to different … [Read more...] about 5 Problems with Quitting Your Job to Travel the World
The following is a guest post by Danielle K. Roberts, co-founder of Boomer Benefits, who's an expert on Medicare costs and how to budget for Medicare costs. If you'd like to contribute a guest post to Money Q&A, be sure to check out the site's guest posting guidelines. Many people are unaware of just how much Medicare costs are until they turn 65 and are preparing to enroll. After all, we see during our working years that the federal government is deducting FICA taxes from our payroll checks, and we assume that means that one day … [Read more...] about How to Budget for the Costs of Medicare
Whether you’re already married, currently engaged, or in an otherwise long-term relationship, there are many considerations that every couple should make before combining their finances. After all, money is the number one cause of conflict in relationships, especially when you share expenses but don’t see eye-to-eye on all things finance-related. If you’re in a long-term relationship and/or living with your significant other, then you’ve likely considered or even started combining finances at some point. This can be enormously tricky for … [Read more...] about What Every Couple Must Do Before Combining Finances