Author: Mehedi Hasan Moon
Does being an authorized user affect your credit? Well, under the right circumstances, becoming an authorized user can help you build your credit. Before you agree to be an authorized user or add an authorized user to your account, it’s important to understand the potential risks and benefits. This article provides more information about how adding an authorized user works and how it could impact your credit. In This Piece What Is an Authorized User? How Do Authorized Users Work? The Advantages Of Adding An Authorized User Can Authorized Users Hurt Your Credit? How To Add An Authorized User What…
When it comes to credit cards, Americans overwhelmingly prefer cash back credit cards over other types of cards. According to Bankrate’s credit card features survey from 2021, more than 4 in 10 (or 41 percent) of adults listed cash back as their favorite credit card feature — which was, by far, the most popular answer.But that same research reveals that we don’t always make the most of card rewards. What the survey also showed was that 33 percent of cardholders did not redeem any rewards in 2020, which is generally a big mistake to make.If you’re using credit cards, chances…
While NGPF is written with high schoolers in mind, the curriculum and resources can easily be adapted to provide immense value for college students. As someone who transitioned from teaching at the high school level to the university level, here are examples of NGPF lessons successfully adapted into a workshop series for college seniors in their spring semester. MOVE: Your Money Values, MOVE: Your Cognitive Biases, and PLAY: The Bean Game College seniors are just a few short months away from the real world, where mistakes often get amplified. The best way to approach your finances is by first understanding…
Single moms have many titles: career woman, grocery shopper, personal chef, cleaner-upper, chauffer, chief financial officer. If you’re a single mom (or dad), we see you. We know how hard you work and how many plates you have to keep spinning every single day—including your finances. That said, we’re sharing some effective budgeting tips for single moms to help you start budgeting and make the most of your money each month. How to Budget as a Single Mom Managing your household finances by yourself (on top of everything else) can feel intimidating. But the truth is, you can confidently take…
Rather watch instead of read? Mobile home parks are often overlooked in real estate investing, yet they present unique opportunities for generating consistent returns. Many people may not think about mobile home parks as a viable investment, but this asset class is gaining attention for its advantages. These parks consist of land divided into lots that homeowners rent, providing a community atmosphere and essential amenities. The landscape for mobile home park investments is evolving. With increasing demand from transitioning demographics, such as retiring baby boomers, the potential for profitability rises. Despite common misconceptions, mobile home parks can offer lower risks and stable…
You may have heard of Dave Ramsey’s debt snowball as a popular method for getting out of debt. We’re going to share how the debt snowball works so you can decide whether it’s a smart way for you to get your debt paid off. The debt snowball method has a lot of great reasons for being one of the most popular methods of paying off debt quickly. But is it right for you? Let’s find out. What is the Debt Snowball? The debt snowball is debt payoff method where you list your debts from the smallest debt to the largest…
Introduction A new year is always full of potential—a second chance, an opportunity to turn over a new leaf and change old habits. Losing weight, thinking more positively, reconnecting with friends and family, and getting ahead in your career are all great goals for a new year. But the one New Year’s resolution that many Americans are looking to keep is saving money. And that makes sense. With wise money management, you’re not living paycheck to paycheck and constantly stressing about money, and that brings a feeling of peace. You can enjoy the freedom that comes with living the life…
We may earn a commission from links on this page.Deal pricing and availability subject to change after time of publication. If you’ve been meaning to grab an e-reader for the first time, this Kindle Paperwhite deal on Woot might be worth a closer look, especially if you don’t mind a gently used product. It’s the 11th Gen model from 2021, refurbished to Grade-A condition, starting at $89.99 for 16GB and $109.99 for 32GB versions. You can knock another $5 off with code FIREFIVE at checkout, but only through April 29—or until they sell out. These are refurbished units, so there…
Historically, one enormous advantage the wealthy had over the rest of us was access to expert investing advice. They didn’t need to be experts on stocks or market movements or investing. They could pay someone to “just take care of it.” Today, everyone has access to expert investing advice — if not through human investing advisors, then through robo-advisors. Best Robo-Advisors to Consider These are the best robo-advisors on the market right now. Each does one thing really well, whether it’s optimizing tax efficiency without a high balance requirement or keeping management fees in check. Most of these robo-advisors are…
Over the past several years, my portfolio has grown considerably through a combination of good returns plus regular savings and contributions. These days, I’m comfortably in the Coast FI stage of my financial independence journey, where my portfolio is large enough that it should grow enough to cover my expenses at traditional retirement age, even if I don’t save another penny again (note that while I am at Coast FI, I’m still saving and investing – but being at Coast FI puts a lot less pressure on our household when it comes to saving and investing). Having a large portfolio…