Personal Finance Archives - Moving 2 Brevard

Jan202021 by Ian JensenNo Comments

6 Tips for Successfully Managing a Checking Account in College

Heading off to college is exciting. Really exciting. You finally have freedom! You’re out on your own for the very first time, managing your studies, managing your social life and… managing your finances. Despite being a big part of your newfound independence, personal finance is a subject you probably won’t find on your course schedule. If you didn’t take a personal finance class in high school and never had money lessons from your parents, you may not know how to manage a checking account as a college student. “College students have very different needs for their checking account than their parents or other adults,” says Tommy Martin, CEO of Clear Path Financial Planning and a finance blogger at TommyMartin.com. If you live in a different city during t...

Jan202021 by Ian JensenNo Comments

6 Signs Your Personal Finance Software Makes Life Easier

Budgeting, Commercial Refinance Loans, Personal Finance

6 Signs Your Personal Finance Software Makes Life Easier Finding personal finance software is easy, because there are countless choices in mobile apps, online programs, and finance software you can run on your home computer. But they’re certainly not equal. Personal finance software should make your life simpler, not more complicated, and it should be customizable for your particular life, goals, and needs. You know you’ve found great software when your financial life becomes easier over time. Here are 6 signs your personal finance software makes life easier. 1. You Haven’t Paid a Late Fee in Months Does your personal finance software let you know in advance of when bills are due? It should be easy to set up automated alerts that tell you a few days before monthly, quart...

Jan202021 by Ian JensenNo Comments

How to Handle a Pay Cut: Budgeting in Uncertain Times

Budgeting, Commercial Refinance Loans, Frugal Living

A pay cut, whether big or small, can catch you off guardâand throw your finances into disarray. While a salary cut is different than a layoff, it can leave you feeling just as uncertain. How do you deal with a pay cut and deal with this uncertainty? There are strategies to help you navigate both the emotional and financial challenges of this situation. One key element? A budget. Whether you need to create a budget from scratch or adjust the budget you already have, doing so can help you get back on your feet and set yourself up for success. Hereâs a rundown of budgeting tips to survive a pay cut to keep your finances intact: Ask your employer for the parameters of the income reduction or salary cut First, keep in mind that a pay cut typically isnât personal. According to Scott Bis...

Jan202021 by Ian JensenNo Comments

Average credit card interest rates: Week of January 13, 2021

Breaking News, Commercial Real Estate Loans

Essential reads, delivered weekly Subscribe to get the weekâs most important news in your inbox every week. Enter your email address Subscribe By providing my email address, I agree to CreditCards.comâs Privacy Policy Your credit cards journey is officially underway. Keep an eye on your inboxâweâll be sending over your first message soon. The average credit card interest rate is 16.05%. The average minimum credit card APR held firm Wednesday after lenders declined to revise rates on new offers for another week. As a result, borrowers in the market for a new card continued to enjoy starting APRs that are more than a full point lower on average than they were a year ago. Cardholders with excellent credit are enjoying some of the sharpest rate savings this year. ...

Jan172021 by Ian JensenNo Comments

How Long Does It Take To Buy A House?

Grand Prairie, Loans, Mortgage, Personal Finance

How long does it take to buy a house? The answer is: it depends. You can buy a house in a matter of weeks or it can take you anywhere from 4 to 6 months. The question is how ready are you? It can take a long time, and that’s just learning about various mortgage options or improving your credit score. So understanding the various factors involved in buying a house can give you an estimate of how long it will take you to buy the house Check out now: 5 Signs You Are Not Ready To Buy A House How long does it take to buy a house? A step-by-step guide. It can take a homebuyer a few weeks to several months to complete the home buying process. But when determining how long it will take you to buy a house, you first have to find out if you will be pre-approved for a mortgage. There is no se...

Jan172021 by Ian JensenNo Comments

5 Things Keeping You From a Life of Financial Independence

Budgeting, Financial Freedom, Lubbock

Financial independence can mean different things to everyone. A 2013 survey from Capital One 360 found that 44 percent of American adults feel that financial independence means not having any debt, 26 percent said it means having an emergency savings fund, and 10 percent link financial independence with being able to retire early. I define financial independence as the time in life when my assets produce enough income to cover a comfortable lifestyle. At that point, working a day job will be optional. But what about the rest of America? How would you define financial independence? If freedom from debt is what you're seeking, here are five areas that could be holding you back. 1. Not having clear, financial goals If you're not planning for financial independence, chances are you won'...

Jan172021 by Ian JensenNo Comments

7 Money Steps to Take Before 2021

Financial Planning, Laredo, Personal Finance

With the end of the year rapidly approaching, itâs a good time to take stock of your financial situation as you head into 2021. 2020 has been a strange year, and a difficult year for many people. With many peopleâs health and/or economic livelihoods affected by COVID-19, many peopleâs situation looks very different than it did back in January. As we head into a new year, here are a few things that you can do to improve your finances before the end of 2020. #1 Put at least $1000 into an emergency fund If you donât have an emergency fund set up to handle unexpected expenses, that is a good first step to putting yourself on a solid financial footing. $1000 may not be enough to handle every possible thing that could go wrong, but it can be enough to handle your car breaking down or an ...

Jan172021 by Ian JensenNo Comments

What Are Mutual Funds? Understanding The Basics

Financial Advisor, Galveston, Investing, Personal Finance

If you’re one of those investors with very little time to research and invest in individual stocks, it might be a good idea to look into investing in mutual funds. Whether your goal is to save money for retirement, or for a down payment to buy a house, mutual funds are low-cost and effective way to invest your money. *TOP CIT BANK PROMOTIONS*PROMOTIONAL LINKOFFERREVIEWCIT Bank Money Market1.00% APYReviewCIT Bank Savings Builder0.95% APYReviewCIT Bank CDs0.75% APY 1 Year CD TermReviewCIT Bank No Penalty CD0.75% APYReview What is a mutual fund? A mutual fund is an investment vehicle in which investors, like you ad me, pool their money together. They use the money to invest in securities such as stocks and bonds. A professional manages the funds. In addition, mutual funds are cost eff...

Jan172021 by Ian JensenNo Comments

Affording a Second Child: How to Make Your Budget Work

Budgeting, Family Finance, San Antonio

Having kids is anything but cheap. According to the USDA, families can expect to spend an average of $233,610 raising a child born in 2015 through age 17âand that’s not including the cost of college. The cost of raising a child has also increased since your parents were budgeting for kids. Between 2000 and 2010, for example, the cost of having children increased by 40 percent. If you’ve had your first child, you understandâfrom diapers to day care to future extracurricular activities, you know how it all adds up. You’ve already learned how to adjust your budget for baby number one. How hard can it be repeating the process a second time? While you may feel like a parenting pro, overlooking tips to prepare financially for a second child could be bad news for your bank a...

Jan172021 by Ian JensenNo Comments

15 Home Business Ideas & The Free Courses You Need To Get Started

Auto, Extra Income

Are you looking for a work from home job or some at home business ideas? If so, then I have a great list of free resources, such as courses and guides, that will help you find the best option and learn how to get started. Plus, all of the courses and guides in this article are free! If you're looking to make extra money, or even a full-time income, working from home is a great option. There are lots of realistic home business ideas that allow you to work on a flexible schedule. In fact, around 50% of U.S. businesses are home based, and that number is expected to grow well into the future. But, many people don't know what kind of options are available or how to get started with their in home business ideas. This article is a good starting point because I'm going to tell you about 15 differ...