8 Tips to Borrow Responsibly

Life is unpredictable. You can go through life doing everything right – only buying what you need and saving 15% of your paycheck for a rainy day. But then your car breaks down, you lose your job, you have a health scare, and everything you’ve managed to save vanishes within seconds, leaving you in debt. So, in such a situation, what should you do?

Negotiating lending terms

photo credit: Andrea Piacquadio / Pexels

Suppose you somehow run into a situation where you need to borrow money but are afraid of going into debt. In that case, it does not have to be a terrifying situation.…

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How to Protect Your Money in a Divorce? 

Our discussion today will include the division of property after a divorce, how property is divided in a divorce, and how the partition of a house is handled in a divorce, among other things. Because separating a couple’s assets is never a pleasant experience, understanding the ins and outs of the law can help to make the process a bit less stressful while also contributing to a more amicable outcome.

Plenty of money

Bringing a couple’s financial resources together is one of the most difficult obstacles they will encounter when they first begin living together. There are a variety of reasons for this, and it is not uncommon for one spouse to have a significantly different financial perspective than the other, which may make things more difficult (especially if one saves and the other spends money).…

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Why You Need a Personal Finance Plan (And How to Achieve It)

Did you know that a whopping 80 percent of Americans have some form of consumer debt? Or that, not including mortgage debt, the average American owes about $38,000?

Personal finance plan

Whichever way you slice it, you’ll end up with one conclusion: people need to do better in their personal financial planning. Sure, not all debt is bad, but in an ideal world, no one wants to have any debt.

The key to financial success is to have a solid personal finance plan. Continue reading to learn how this plan will help.

Practice Better Money Management

Are you always running out of money before your next paycheck hits your account?…

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Top Ways to Borrow Money in 2022

You need to learn how to borrow money effectively if you want to avoid mistakes and know how to avoid the debt cycle. Knowing how to deal with debt is as important as knowing how to deal with your personal finances. We all may need to borrow some cash once in a while.

Borrow money

You may probably need to have a mortgage if you want to become a proud homeowner. If you want to master this significant life skill, you should keep on reading this article.

Top Ways to Borrow Money

1. Online Creditors

Alternative lenders present a common alternative for lending solutions today.…

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7 Possible Uses for a Payday Loan

People turn to payday loans not to get one-off expenses, like paying bills, but for various reasons. Payday loans are reputable for their fast access, easy processing, and are ideal for emergencies.

Taking payday loans

This article will take you through the common uses of payday loans. But first, let’s see what payday loans means.

What is a Payday Loan?

A payday loan is a short-term, high-interest rate credit line for small cash—usually $200 or less. These loans are easier to acquire than traditional bank loans; borrowers will typically only need an income and an active bank account.

However, financial experts advise against payday loans, mainly if the borrower is likely to have problems paying back the loan in time.…

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Refinansiering Av Gjeld (Debt Refinancing) From An Existing Personal Loan

Refinancing the debt of a personal loan means the existing debt will be replaced with a new loan with the possibility of a lesser interest rate or updated terms. Refinancing is an option to consider if the rates have fallen substantially below what they are on your existing loan, ultimately saving money, or if you have a need to take a longer-term in order to afford the debt.

Debt refinancing using personal loan

Anyone who struggles with repayment av gjeld (of debt) will find securing refinancing with lower rates to decrease borrowing costs so there will be less reimbursement on the overall loan. Plus, extending the term will allow the minimum repayment each month to drop, but that will increase the loan’s overall repayment cost.…

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Steps The Self-Employed Need to Take To Save for Retirement

There are tons of perks to being self-employed, but they come at the cost of certain benefits others take for granted. One thing that people working for a boss have is a 401(k). This does not relieve them of the need to think about saving for retirement, but it does give them a foundation. When self-employed, you need to take all your own steps to save for retirement.

Retirement savings

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If you’re not yet saving for retirement, now is the time to start. The longer you put it off, the more at risk your retirement becomes. To help you get going on your retirement savings plan, here are some steps you should take as soon as possible.…

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Different Types of Insurances You May Need

An insurance policy is a contract that indemnifies organizations and individuals if they suffer any losses. The most obvious benefit of having insurance is the payment of losses. Moreover, it helps you face an uncertain situation by protecting your interest and taking care of the financial aspects.

Insurance policy

However, there are many intricacies of an insurance contract when it comes to the paperwork, making it difficult for a layman to make a proper decision. In addition, one can get into a contract wherein the conditions are not favorable for them. So, it is highly advised that you must reach out to the best insurance consultant agencies if you plan to buy insurance of any kind.…

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Gold 401k Rollover Guide

The charm and value of precious metals are almost impossible to resist, particularly in the case of gold. According to many, it’s the greatest investment in the world owing to the lucrative returns it provides to investment portfolios.

Gold bullion

While approaching retirement, many people become aware of the benefit of investing in precious metals. Nevertheless, most 401k retirement plans don’t allow employees to become direct owners of physical gold.

There are, fortunately, other indirect ways to make this happen.

The basics

A 401k plan refers to a specific self-directed retirement savings plan sponsored by employers. It’s offered by a multitude of employers, allowing Americans to enjoy their retirement years by relying on the tax advantages of this investment plan.…

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How to Financially Plan Before You Move to a New Place

Moving from one place to another is a part of life, be it due to job or education. Even if you have to move to a new place within your city, this is a hectic activity and can be financially straining. Indeed, your finances matter when moving. Therefore, understanding the costs upfront helps avoiding ‘surprises’ along the way.

Moving to a new place

While some costs may be very clear to you while you are pondering over your move to your new home, some are not so obvious. The rent is one of the clearest expense you will have, but there are others too. If your calculations are not right, you might end up regretting your decision to switch places.…

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