Starting a new business requires a certain level of commitment. You’ll also need to have access to plenty of money. Startups often have a hard time qualifying for business loans. But peer-to-peer (P2P) lending could be a financing option worth … Continue reading →
The post 3 Things Startups Should Know About Using P2P Loans appeared first on SmartAsset Blog.
It’s a new year and if one of your resolutions is to get out of debt, you might be thinking about consolidating your bills into a personal loan. With this kind of loan, you can streamline your payments and potentially … Continue reading →
The post 5 Things to Consider Before Getting a Personal Loan appeared first on SmartAsset Blog.
As you explore funding options for higher education, youâll come across many different ways to pay for school. You can try your hand at scholarships and grants, but you may also need to secure federal student loans.Â Depending on your financial … Continue reading →
The post A Guide to Subsidized and Unsubsidized Loans appeared first on SmartAsset Blog.
Don’t re-invent the wheel. Personal finance rules of thumb let you apply wisdom from the past to reach quick solutions.
Paying for college is a challenge, and rising tuition costs certainly donât help. According to College Board, the average cost of a four-year private college has increased by more than $3,000 over the last five years. Scholarships, grants and work-study … Continue reading →
The post What Is a Parent PLUS Loan? appeared first on SmartAsset Blog.
On Saturday evening, I had a chance to chat with my friends Wally and Jodie. You might remember them from a reader case study from last August. They’re the couple that wants to get their finances in order but they’re worried because they’re starting with less than zero.
When we chatted in August, Wally and Jodie had over $35,000 in debt. They had variable incomes, but somehow seemed to spend exactly what they earned — about $3000 per month after taxes. Worst of all, they were behind on some payments.
Now, eight months later, their situation has improved.
It’s Back to School time here in Colorado, which means both my son and I will be hanging up the swim shorts and kayak paddles and getting back to more serious business for a while. It has been a slow and endlessly sunny and leisurely summer, and a nice break for both of us, which […]
More students have student loan debt, and their total debt is larger than ever before. Would it be worthwhile to roll student loan debt into a mortgage?
The post Should You Roll Your Student Loan Debt Into Your Mortgage? appeared first on Bible Money Matters and was written by Melissa. Copyright Â© Bible Money Matters – please visit biblemoneymatters.com for more great content.
There’s no magic pill. But there are plenty of heuristic personal finance shortcuts than can simplify your journey.
March was a mixed month in my financial world. I ended March with a slightly higher net worth (up 0.6%) but my spending was the highest it’s been this year: $5989.10. Yet, that spending was mostly mindful. I wasn’t frittering away money on silly things.
If I wasn’t buying dumb stuff, then where did my money go? A few worthwhile places:
- I spent $653.31 on the yard and garden. Specifically, Kim and I tore out a big cedar tree in the corner of the yard, then converted that space to a small orchard. I use the word “orchard” loosely here. We planted three fruit trees, four blueberries, four grape vines, and a bunch of strawberries. I hope to write about this more in the near future.
- I spent $625.72 on health and fitness. In the middle of the month, I had quite a scare. Out of nowhere, I had chest pains, so I visited the local hospital ER. My co-pays and prescriptions are reflected in March’s spending — and there’s more to come. (We’re about to have a l-o-n-g article on the $6800 hospital bill I received in the mail yesterday. That’ll happen in April or May.) Meanwhile, Kim had knee surgery at the end of the month. I paid for some of her stuff out of my pocket.
- I spent $579.36 on gifts in March, which is very very unusual.
- I paid the $450 annual fee on my Chase Sapphire Reserve credit card. (Yes, I know this seems like a lot. But remember the card comes with a $300 travel credit, which means my effective annual fee is $150. I believe I receive $150 in value from the card’s other benefits.)
I don’t consider any of that spending frivolous although I recognize that some of it isn’t necessary. (Do we need an orchard? Do I need to give gifts?)