A home equity line of credit, also known as a HELOC, can be a great option for some individuals. A HELOC is a revolving line of credit for a homeowner to borrow against the equity they have in their homes. They are usually offered by banks or credit unions....

Tax season has started, and many have filed their taxes and are expecting a tax refund. This may seem like "free" money, but the refund is money the government owes you because you paid too many taxes. Instead of viewing this money as extra spending money, try to use...

Having a savings account is a basic financial account to have. A savings account can help you reach your financial goals, whether they are short-term goals or long-term financial goals. There are different types of savings accounts to choose from to help you reach...

Planning for your retirement is an important thing to do. It can be hard to know where to start, but there are certain things you need to know for proper retirement planning. Know your Retirement Needs Before you can actually begin planning for your retirement, you...

Living on less is never easy, but with a little planning and a positive attitude, you should be able to weather most financial storms. So, take a deep breath, relax, and review the following tips to help make any setback smooth and (almost) painless. Pragmatic...

What is a checking account? A checking account is a basic account that everyone should have. It is a go-to account for your daily finance needs, from getting direct deposits to paying bills. You want to use a checking account like a wallet - something you use daily...

Benefits & Drawbacks of Each I am sure we can all agree that everyone's life and financial goals are different. We have different needs to meet. So it is important to understand the difference between the two most common types of life insurance policies. Here is a...

Having multiple debts can add stress to your life, from juggling numerous monthly payments to keeping up to date on your debts. On top of the stress, having many different loans with different interest rates can make it more difficult to pay off your debts. Debt...

In a recession, it can be difficult to save money while still managing to provide the necessities of life. But it is possible to save money and build up a small nest egg even during these uncertain times. The key is to be mindful of your spending and be creative in...

Financial goals are essential in helping individuals save money, plan for retirement, pay off their debt, and build lasting wealth. Setting financial goals can help you stay on track and make sure you have the money you need to achieve the life you want. You want to...