Top 4 Reasons Why You Should Skip Buying a Starter Home

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home

In the past, young adults were encouraged to buy a starter home before moving on to bigger and better homes for themselves and their growing families. Nowadays, it seems that starter homes are no longer than good investments they once were, due to a variety of factors ranging from rapid appreciation rates, consumer demand overwhelming supply, and changing family/mobility patterns among 20/30-somethings. Like many people, you likely grew up with the understanding that buying a home is an essential ingredient to achieving the American Dream – but does racing to buy a smaller, cheaper home really make more sense than waiting to buy your dream home a few years down the line? Contemporary economists suggest starter homes are no longer … Read more

N26 Review – N26 App and Card Review

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Ask Trim Review

Money management has never been easier, thanks to the proliferation of AI-driven, hyper-efficient banking and investment platforms over the past few years. Whereas paying someone back used to take a few days and/or a physical meet-up, you can now instantly send money to anyone in the world. Unfortunately, many traditional banks have failed to keep up with consumers’ changing money management preferences and continue to charge for basic services like ATM withdrawals, account management, and money transfers. If you’re looking for a highly efficient, innovative and consumer-friendly banking option, then ditching your big bank for N26 could be your best financial move all year. N26 Review N26 was first launched in 2013 in Europe and quickly grew to more than … Read more

Behind the Scenes of 5 Professional Athletes Who Are Struggling Financially

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athletes who filed bankruptcy

I always find it so interesting to see some of the inner workings of professional athletes and famous people’s finances. Below are five professional athletes who filed bankruptcy and have struggled in the past financially for a variety of reasons. Five Professional Athletes Who Are Struggling Financially Antoine Walker Former Boston Celtics star Antoine Walker spent the $110 million he made playing in the NBA in a ton of different ways. He spent lavishly on himself, but many people have said that he also supported up to 70 people during his career. He is reported to have bought his mother a mansion, donated to charity, and bought several custom suits for coaches and teammates. Mike Tyson Despite earning between $300 and $500 … Read more

Insurance Companies Can Easily Spot Fraudulent Insurance Claims

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Fraudulent Insurance Claims Are Easily Spotted

Spotting fraudulent insurance claims is an important job for most insurance companies. The mounting losses from false and fraudulent insurance claims reported by customers can reach into the billions of dollars each year. Money lost from fraudulent insurance claims comes directly out of the insurance companies’ coffers and results in an overall insurance cost increase for honest customers. Many people mistakenly think that they can get away with filing a false claim, but the insurance industry watches claims meticulously. Insurance companies in the United States watch for suspicious indicators in order to help them prevent losses from fraudulent insurance claims cases. For example, an insurance company may conduct additional investigations before paying out a suspicious claim if the policyholder has a high debt … Read more

6 Steps to Help You Save for Your Next Big Purchase

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Tips Saving Down Payment and Buying A House With Student Loan Debt

Do you need to upgrade your car in the near future? What about finally getting started on that home renovation project you’ve been procrastinating on? Or are you trying to save up for an international vacation next summer or need to save for a big purchase? How to save for a big purchase Regardless of what big-ticket item you’re currently saving for, there are a few useful ways to speed up your progress towards your savings goals (and countless ways you may be inadvertently hindering that progress without realizing it). Rather than eliminating everything fun from your budget and living a stingy lifestyle until you meet your goals, here are some realistic strategies for saving up for a big purchase: … Read more

The Pros and Cons of Using Robo Advisors to Invest

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Pros and Cons of Using Robo Advisors

Have you been waiting to get started in investing because you think it’s confusing? Do you think that too much money is required to start, or financial advisors are too expensive? Have you considered robo advisors? Are robo advisors safe? Investing doesn’t have to be hard. A new investment method called robo advisors has been changing the financial landscape recently. And, it’s something that you may want to consider. What Is a Robo Advisor? A robo advisor is an online wealth management service that provides automated, algorithm-based investment portfolio management advice without the use of human financial planners. They use the same software as traditional advisors, but they usually only offer investment portfolio management. They do not get involved in more personal aspects of financial planning, … Read more