Tag Archives: money

What New Parents Should Look for in a Credit Card

Having a baby brings overwhelming joy but also comes with a lot of new expenses. From buying packs of diapers in bulk, to walking the grocery aisles for baby food, your expanding shopping list may mean it’s time to consider opening a credit card that fit your new family needs.  Data shows, in the first year alone, the cost of raising a baby can run up to $21,000, and the cost of raising a child to adulthood can increase after that. In order to maximize your financial flexibility and your

Questions You Should Ask Before You Borrow Money

These days borrowing is the norm, with millions of people paying off some sort of debt. For the most part, it’s not always a bad thing - borrowing money for large purchases, such as mortgaging a house or getting a car on finance is usually inevitable, unless you’re bringing in enough money and have accrued enough savings to make the purchase outright, which isn’t the case for the majority of the population. Being responsible and on-time when repaying these debts means that eventually you

Pluses and Minuses of Reverse Mortgage Application

If you are wondering if a special retirement loan can help you, it might. Known as a reverse mortgage, it is a mortgage unlike a traditional home loan. Traditionally, you receive a short-term mortgage that needs to be repaid in incremental amounts. A reverse mortgage is designed to provide a more long-lasting solution to financial concerns during retirement. Before you fill out an application, here are some pluses and minuses to think about. Receiving Money Instead of Paying It One of the

Simple Financial Hacks That Work For Busy Families

It’s a fact: raising a family is expensive. According to the latest stats, the average cost of raising one child from birth to their 18th birthday costs parents $233,610. That breaks down to about $1,081 every month per child. Parenthood changes your life in a lot of ways. You’ll face sleepless nights, dirty diapers, and an empty wallet. If you’re one of the many parents struggling to balance their finances, use these life hacks to stay out of the red. Become financially literate Financial