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Saving for college as a parent

Higher education costs have gotten out of hand. The average cost of one year at a four-year university is $35,000 for a total of $140,000 for a four-year degree. In addition, the average amount a student borrows in student loans is $55,000. As a parent, there are steps that you can help to help assi...
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a note that says pay debt next to a pen and glasses

Millionaire status is highly sought after. The idea of being a millionaire means you’ve won with money and have a total net worth of at least one million dollars. Achieving millionaire status isn’t as complex as it sounds. Here are three habits everyday millionaires have that you can apply to yo...
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How to confidently make large financial decisions

People often make significant financial decisions on a whim due to excitement or are frozen by fear of making the wrong decision. If you have a significant financial decision to make, there are steps you can take to ensure you are making the right decision. Ask yourself, “How does this fit with my...
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Should you establish a line of credit for your child?

Having a credit history and good credit score are crucial things to have as an adult. These two things can provide you with more opportunities than if you have a bad score or have no credit history. Many parents wonder if they should establish credit for their child. The answer is, yes! If you can, ...
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Top 3 mistakes that will negatively impact your credit score

When it comes to your credit score, knowing what mistakes will hurt your credit score is helpful. This knowledge will help you avoid making these mistakes with your score. Here are the top three mistakes people make that hurt their credit scores. The biggest mistake to make regarding your credit sco...
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How to use a HELOC?

A home equity line of credit (HELOC) is a great low-interest loan that you can easily take out if you have equity in your home. While HELOCs are great options, they are also risky loans. You want to use your HELOC on things that will give you a positive investment return. HELOCs can be high [&hellip...
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What is a HELOC?

A home equity line of credit, also known as a HELOC, is a type of credit that a homeowner can use to borrow against equity on their home. You can only take out a HELOC if you are a homeowner and have equity in your home. You can get a HELOC with a bank or […]...
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Four ways to start saving money

Saving money is one of the top financial goals people have. You may want to save for a trip to Europe or for a down payment for a car. Whatever your reasons, it can be hard to start saving money. You can start saving four ways: budgeting, cutting expenses, using cash, and shopping with deals. [&hell...
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Understanding Dave Ramsey’s Baby Step 1

When it comes to paying off debt, Dave Ramsey’s 7 Baby Steps is one of the most popular methods. It’s actually his Baby Step 2 that addresses debt payoff (other than your mortgage) and uses the debt snowball method. For someone new, it may seem odd that the second step is when you pay off [&hell...
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