Have you ever wondered what a banker considers before approving your mortgage, car loan, or credit card? When you apply, lenders evaluate the risk of lending you money by weighing four core key factors known as Credit 4 Cs: Character, Capacity, Capital, and Collateral. In this post, we’ll break down each factor to help you understand …
Finding ways to reduce waste at home is an important, and easy, part of living a more frugal and meaningful life … and it can keep your garbage bills down. Does anyone else cringe when they pay the bill for garbage pick-up? It’s one of my least favorite bills since you don’t get anything fun …
Introducing the newest free money challenge from Balanced FI – the Money Makeover Challenge! This free year-long program is very easy and low-key. All you have to do is download the current month’s calendar and implement as many of the tips as you can work into your life. Most of the daily tasks will take …
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These first-time homebuyer tips will help your home buying journey follow a financially responsible path. Purchasing a home is a complex process with many steps, and it’s one of the biggest financial decisions you will ever make. Homeownership is a big part of the American dream, but it seems like a stretch these days. I’m …
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Who doesn’t want to head into the new year in a better financial position? There’s no magic wand to wave over your money, but this new year’s financial checklist is the perfect plan for making changes. 1. Make a spending plan The very first step of your new year financial checklist is to create a …
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Life insurance is a marker of financial adulthood, but it can be hard to know how much life insurance you should have. Your needs depend on your personal situation. Luckily, there are some guidelines to help you decide if you need life insurance and how much you need. What is life insurance anyway? Simply put, …
Cheap and easy DIY Christmas gifts 2024 for everyone on your list. Save money with thoughtful, homemade presents that show you care. This list of cheap and easy DIY Christmas gifts for 2024 will help round out your shopping list.Especially if you’re buying for children, their teachers, daycare providers, or your mail delivery person. The …
With the holidays coming up, who doesn’t need to make extra money for Christmas? Earning extra cash now will help you avoid putting gifts on a credit card, which you may not be able to pay off in the same billing cycle. That means you’ll be charged interest, making those gifts more expensive than you …
Minimalist Christmas gifts that are thoughtful, practical, and frugal—perfect for the minimalist who wants to live with less but still celebrate the season. If you have someone in your life who has yelled, “We have too much junk!” while wildly throwing stuff into garbage bags, I’ve got great minimalist christmas gift ideas that will work …
There are less than 60 days left in 2021. Now is the time to take action to improve your finances before the end of the year. Although winning the lottery would be the easiest way to change your money, that’s not happening any time soon. Instead, you need to take control of your money. Taking …