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Tag: Financial advice

Financial Advice Keeping You Broke & In Debt

Arlington
The post Financial Advice Keeping You Broke & In Debt appeared first on Penny Pinchin' Mom. Financial advice is great – when it is the right type of advice.  There are tips and strategies that can make you money.  However, there is also a lot of advice that will do nothing but keep you broke and in debt.  These are things you don’t want to listen to. I remember when I was younger, my mom told me that I had to get a credit card because it would be important for any emergencies which came my way.  I followed her advice and got a credit card. And, wouldn’t you know it, the first time I used it was for an emergency. Or, what I thought was an emergency. I woke one snowy morning and someone had hit my car — and fled. No note on my windshield.  Just a dented...

6 Credit Card Tips to Help Prepare for the Holidays

Travel
Is it too soon to start planning your end-of-year holiday events? That may be debatable but we all know how quick retailers are to taking advantage of increased sales brought on by holiday shoppers. With Thanksgiving just around the corner most retailers are already advertising for their big shopping events and Black Friday deals. If […] The post 6 Credit Card Tips to Help Prepare for the Holidays appeared first on Credit Absolute.Source: creditabsolute.com

Fiduciary Bonds: Definition, Types, Costs

Estate Planning, Houston
A fiduciary bond, otherwise known as a probate bond, is a protective court bond that ensures a fiduciary will honor the expectations placed on them according to the law. The fiduciary bond upholds the interests and protection of the estate or trust owner. To understand who needs a fiduciary bond, how it works and the costs involved, here’s what you need to know. What Is a Fiduciary Bond? Fiduciary bonds are legal instruments that act as insurance to protect heirs, beneficiaries or other creditors when a fiduciary commits acts of fraud, embezzlement or other forms of dishonesty. To prevent damage, as a result, the court may require anyone with a fiduciary responsibility to another party to get a fiduciary bond. Generally speaking, a fiduciary is an individual responsible for safeguardin...

How to Avoid Racking Up Debt During the Holidays

Travel
The holidays bring a lot of excitement and cheer. But is also a time characterized by a lot of spending. Statistics show that holiday spending goes up every year in the last few years. Unfortunately, holiday expenditure can take a big chunk out of your credit card. It may feel great while the holidays last […] The post How to Avoid Racking Up Debt During the Holidays appeared first on Credit Absolute.Source: creditabsolute.com

How to Calculate Expected Rate of Return

Commercial Refinance Loans, Growing Wealth, Investing
The basic idea behind investing is finding ways for your money to earn you even more money. Getting your money to do work for you? Yes, please. But how do you figure out how much your investment is going to make you? The money that you earn on an investment is known as your return. The rate of return is the pace at which money is earned or lost on an investment. If you’re going to invest, you may want to consider how much money that investment is likely to earn you. Though it’s not possible to predict the future, having some idea of what to expect can be critical in setting expectations on what’s a good return on investment. Rate of Return Formula It helps to start with a base knowledge of a simple rate of return calculation. A rate of return is typically expressed as a percentage of...

5 Reasons You Need To Hire A Financial Consultant

Financial Advisor, Financial Planning, Galveston, Personal Finance, Retirement
If you’re a busy individual and have no time for the day-to-day management of your money, you may need to consult a financial consultant. Beyond being busy, however, there are major turning points in your life where working with a financial consultant is absolutely necessary. For instance, if you’re approaching retirement, you’ll have to figure out how much money you need to live during your non-working years. So what is a financial consultant? And what do financial consultants do? In this article, we’ll run you through situations where financial consulting makes sense. We’ll show you where you can get a financial consultant that is ethical and who will act in your best interest, etc. Of note, hiring a financial consultant is not cheap. A fee-only financial a...

Managing Your Finances When Living Paycheck to Paycheck

Travel
It is never ideal for a person to live paycheck to paycheck. And if the idea of living paycheck to paycheck sounds stressful, imagine actually living life this way. Many people who don’t have a high-paying job have to find a way to live comfortably, and learning to manage your finances is a great start. […] The post Managing Your Finances When Living Paycheck to Paycheck appeared first on Credit Absolute.Source: creditabsolute.com