What to Know Before You Take Out a Second Mortgage

The term “second mortgage” usually refers to an additional home loan on the same property on which you already have one mortgage. If you own a home and find yourself in need of an infusion of cash – say, to pay for a wedding or unexpected medical expense – a second mortgage may be the right tool for you.  As with any financial ... More

How Payday Advances Can Fix Credit Card Debt

When you’re in credit card debt, you may be searching for a way to get out of it fast. The option of a payday loan might come to mind. The purpose of a payday lender is to offer a solution for short term emergencies. They aren’t meant to be a long-term fix for credit card debt. Why? In a nutshell, it’s because they are expensive. T... More

Insurance Companies Predicting Your Death

It is not a simple question to ask customers when they think they will die. Life insurance companies must take it upon themselves to determine when a potential customer will perish before they will invest. Companies compile large amounts of data in order to separate the healthy from the risky. This includes things like driving records, ... More

Insurance Basics for First-Time Homeowners

Becoming a first-time homeowner is an incredibly exciting experience, but many new homeowners find all the details a bit overwhelming. Take homeowner’s insurance, for example. If you’re new to this type of insurance policy, you may find your coverage options confusing. When in doubt, start with the basics. Below are four things you need ... More

Why You Should Consider Having a Backup Credit Card

Many people have at least one credit card, and there are financial perks to using one responsibly. However, with so many cards and fantastic perks available, why have just one? Getting a second credit card allows you to keep your options open when making purchases, and it can be useful in an emergency situation, too. Below we’ll explore ... More

Auto Insurance Secrets You Should Know

We’re all looking for the best deal on car insurance, but dealing with providers can be a bit of a tricky business. Check out the below secrets from the car insurance industry to get up to speed before you sign for your next car insurance policy. #1: Better Credit Scores Equal Lower Insurance Costs Many people don’t realize that ... More

Figuring Out What Term Life Insurance Is

When you're deciding on life insurance coverage, you'll be choosing between term or permanent life insurance. Term life insurance will be for a set period of time, meaning that if you die in that time, then the money will go to your beneficiary. Once your term expires then you'll need to find a replacement. Image via Hernando Today. More

Kid-Friendly Personal Finance Tips to Teach Early On

Studies show that we develop our relationships with money – both positive and negative – as children. The examples we see from our parents, and the lessons they provide, stay with us unto adulthood and shape how we manage our finances. For this reason, it’s important to be intentional about how we speak to our children about money. ... More

Understanding the Debt Collection Process

If you’ve ever faced calls from debt collectors, you’re not alone. It can happen easily when life gets hectic and a bill accidentally goes unpaid. If your payment is more than 30 days past due, however, you may be turned over to a debt collection agency to collect payment and close the account. Don’t panic if this happens – you still ... More

Responsible Credit Card Use is Good for Your Financial Health

We’ve all heard horror stories about credit card debt, and it’s enough to make a person swear off credit cards completely. However, those alarming stories aren’t the only results of credit card use. For those who utilize them responsibly, they can be an integral tool in a consumer’s financial toolbox. Let’s take a look at a few ways ... More