If you have paid your mortgage loan up to a level that the remaining debt is less than the current market value of your home, you are said to have equity in your home. Having home equity allows you to borrow money equal to a percentage of your equity amount, but the problem arises when you get to know that there are two different types of home equities. This article will explain the differences, benefits, and drawbacks of both a…

Get personal budgeting tips to help feel financially secure Life brings unexpected surprises. And while many are welcomed, some are expensive. Having the right financial preparation can help make those unexpected costs easier to handle. Let’s take a look at how you can prepare.  Build up an emergency fund Car repairs. Replacing a water heater. The need for unanticipated medical care. An emergency fund can take care of these and other unexpected expenses. Try to save up to six months’…

In just a few weeks, monthly child tax credit payments will go out to U.S. households that are home to about 65 million kids, according to the IRS. The expanded child tax credit was established in the American Rescue Plan signed into law in March. In 2021, the maximum enhanced child tax credit is $3,600 for children younger than age 6 and $3,000 for those between 6 and 17. The credit will be distributed as an advance on 2021 taxes in…

Every business, no matter how big or small, can end up as a failure. Indeed, being a business owner is not for the faint of heart. On the contrary, with threats lurking around every corner, running a company requires a lot of bravery and self-discipline. While some entrepreneurs can instinctively avoid getting in trouble, others constantly have to be on the lookout for potential issues. Whichever group you belong to, knowing the most common reasons why businesses fail can help…

No matter if you are a very experienced homeowner or moving into your first house, you are aware that there are many regular home and car maintenance tasks and occasional repairs, such as getting a garage door spring replacement or filling the cracks in the flooring, that you will need to deal with. To make these less tedious and time-consuming, you need to be properly equipped! If you do not know what equipment you have to acquire first, then you…

Financial investment is all about the allocation of money with the aim to gain a positive return in the future. In a simpler context, investment is all about owning an asset with the objective of generating income from the appreciating value of the asset over time. Learning how to invest money is difficult, which, once mastered, can lead you to relish the pure bliss of financial freedom. However, as the ongoing pandemic ignited a major recession worldwide, even the pros…

Which is better? Know your financial options As our economy continues to reopen and recover from a year-long global pandemic, some of us are faced with mounting debt and concerns with credit. Others have a desire to travel, make home improvements, or maybe fix or buy a vehicle. Whatever your situation, there are options to help finance your future. Let’s look at a personal loan vs. credit card—both have merit when used wisely. Personal loans or credit card: The pros…

It’s an unfortunate fact that many of our veterans returning from tour arrive at their doorstep with a suitcase full of struggles. From mental health to financial concerns, a post-military life can be extremely challenging for many. While there are resources available for veterans to turn to, many former servicemen and women are not aware of them. To help try and rectify this issue, we’ve pulled together a list of resources available to struggling veterans and their families at this…