Emergency Fund Amount A general rule of thumb is having 3 to 6 months of living expenses in savings. This article will explain the reasons why this is considered a good emergency fund amount, and give some suggestions about how to go about saving. Why do you need an emergency fund account? The first thing […]
How to Negotiate Medical Bills The typical American household pays more than $5,000 annually for health insurance according to the Bureau of Labor Statistics. But it is not all of them that pay for health insurance. So what really happens to this group of people? The good news is that paying off the hospital and […]
Are you ready to start earning more money this year? Whether you want to be more aggressive about paying off student or installment loans, dig yourself out of credit card debts, save for a down payment or vacation, earning extra money on the side is a smart strategy for working toward your goals. Let’s look […]
What is Credit Utilization? The credit utilization ratio, often referred to as your credit utilization rate, can be defined as the amount of revolving credit that you’re currently using, divided by the amount of total revolving credit that you have available. It’s simply how much you owe divided by the credit limit. The figure is […]
What is APR? A Guide for Consumers What is APR? And why is it important? The annual percentage rate, or APR, is a crucial consideration when borrowing money. Let’s go over the details and explain this important financial term. APR Defined Lenders will transfer money to borrowers’ accounts with the understanding that they will repay […]
