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What Is a Nuncupative Will?

Estate Planning, Houston
Making a last will and testament is an important part of your estate plan and there are different types of wills to choose from. A nuncupative will, meaning a will that’s oral rather than written, may be an option in certain circumstances. While state will laws typically require that a will be written, signed and witnessed to be considered legal, there are scenarios in which an oral will could be upheld as valid. Understanding how a nuncupative will works, as well as the pros and cons, can help with shaping your will-making plans if you have yet to create one. A financial professional can offer advice on investing, retirement planning, financial planning and various other areas of finance. Find a financial advisor today.  Nuncupative Will, Defined A nuncupative will simpl...

Why Set Impossible Goals for 2021? [The Ultimate New Year’s Savings Hack]

Early Career, Investment Property Mortgages
In the 1980s, self-driving cars and smartphones without antennas were only things you’d see in movies — unimaginable futuristic goals. Now, these “impossible” inventions are part of people’s everyday lives. These innovative ideas were thought to be outlandish years ago until creators like Elon Musk and IBM’s team put their impossible goals to the test. Impossible goals are things you want to achieve that seem out of the ordinary — ones that feel as if you may never reach them, even in your wildest dreams. These goals could be turning your dream side hustle into a full-time job or building your savings from zero in the next year to buy your dream home. While the end result seems unreachable, a mix of motivation, determination, and hard work can get you further than you think. ...

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...

Late Payments, Credit Scores and Credit Reports

Home Loans By State
A missed credit card or loan payment can have a seriously detrimental effect on your credit report. The golden rule of using a credit card is to make your payments on time every time, building a respectable payment history, avoiding debt, and keeping your creditor happy. But what happens when you fall behind with your monthly payments; what happens when you miss a single loan or credit card payment as a result of a mistake, an oversight or a lack of funds? How will your creditor react, how quickly will the credit reporting agencies find out, and what options do you have for getting back on your feet? How Late Payments Affect Your Credit Score A late payment can reduce your credit score significantly and remain on your report for 7 years. It won’t impact your score throughout that time a...

How to Consolidate Credit Card Debt

Uncategorized
Credit card debt is on the rise. Millions of Americans are in over their heads. They’re losing sleep, losing control, and worried about what the future will hold. But there are solutions, and consolidation is one of the best. Consolidation works by “consolidating” multiple debts into one. It’s the perfect solution for mounting debt, one that doesn’t destroy your credit score, liquidate your assets, or make it difficult to acquire mortgages and personal loans in the future. With that said, let’s look at some of the best ways to consolidate credit card debt. Option 1: Do It Yourself The idea of debt consolidation essentially boils down to acquiring a large, low-interest loan and using that to repay multiple high-interest debts. If your credit score is high enough, you can get th...

Visa v. Mastercard: How These Financial Tools Are Similar & What Makes Them Different

Uncategorized
You apply for a credit card and the bank sends you one when you’re approved. Whether it’s a Visa, a MasterCard or another type of payment card doesn’t factor into the process. Or does it? Find out whether you should choose Visa or MasterCard when applying for credit cards and what other information you should know about these companies before selecting a credit card. The Difference Between Visa and MasterCard The only real difference that stands between Visa and MasterCard is that your card works on the payment network that the company operates. A Visa card won’t work on MasterCard’s network, and vice versa. Ultimately, any other differences in cards come from the specific card you have. Not all MasterCard cards are the same, and not all Visa cards are the sa...

How to Protect Your Credit Score During COVID-19

Home Loans By State
The COVID-19 coronavirus pandemic has affected everyone all around the world. Extended isolation and sudden job losses have everyone thinking about their futures. Lots of people are concerned about losing a reliable income source during this time of crisis. Some have even been forced to shut their businesses. The global pandemic has turned many people’s financial lives upside down. As you work on keeping your bills in good standing and your finances going strong, you should also pay attention to your credit score. Even if you’re delaying some major purchases like buying a car or a home or going on a trip, you still need to maintain good credit. You’ll eventually start spending again, and you’ll need a good credit score. But how can you protect your credit score d...