Having a savings account is essential for one’s financial well-being. It helps individuals prepare for emergencies and reach long-term goals. Regularly putting money into an investment account is important to creating financial security. Many people make the mistake of waiting until a certain age or life stage to begin saving, but establishing a savings account […]
Continue ReadingAuthor: Lauralynn
Lauralynn is the Online Marketing Specialist for Advantage CCS. She is married and has two young daughters. She enjoys writing, reading, hiking, cooking, video games, sewing, and gardening. Lauralynn has a degree in Multimedia Technologies from Pittsburgh Technical College.
How Many Points Does Your Credit Score Drop If You’re Late On A Payment?
A credit score is a numerical rating that represents a person’s creditworthiness. It measures how likely someone is to repay their debts on time based on their credit history. Credit scores are typically calculated using a mathematical formula that considers various factors, including payment history, the amount of debt owed, length of credit history, types […]
Continue ReadingIs Your Emergency Savings Gone And Credit Card Debt Increasing?
Inflation continues to rise, and interest rates are still increasing, so many people are also seeing their savings dwindle and disappear. All of this will undoubtedly lead to their credit card debt increasing as well. Nobody ever wants to be in a position where his or her emergency savings are gone, and their credit card […]
Continue ReadingHow To Get The Perfect Balance Between Overspending And Over-budgeting
Achieving financial balance is a constant struggle for many people, and it often comes down to striking the perfect balance between overspending and over-budgeting. Overspending can lead to financial instability, debt, and stress, while over-budgeting can lead to unnecessary sacrifices and limitations on enjoyment and quality of life. Therefore, finding the sweet spot between spending […]
Continue ReadingConsumer Debt Hits Record $16.9 Trillion: Delinquencies On The Rise
This is BIG news, but it’s not the good kind. Household consumer debt in the United States has been steadily increasing over the years and has now hit a record high of $16.9 trillion. This represents a significant burden on American households as many struggle to keep up with mortgage payments, car loans, credit card […]
Continue Reading5 Helpful Tips On How To Use Credit Cards Responsibly
Some refuse to use credit cards, thinking that if they don’t use them, they won’t get into a difficult financial situation like debt. The truth, however, is that credit cards can be powerful tools if they are correctly used. They can help you build up your creditworthiness and increase your credit score if you use […]
Continue Reading10 Bad Habits Or Decisions That Can Decrease Your Credit Score
A credit score is a measure of the creditworthiness of a person. The higher the number, the more creditworthy a person is. It’s possible for people to achieve scores in the 800s, which can help them get loans at lower interest rates, qualify for better insurance rates, and make it easier to rent an apartment […]
Continue Reading5 Ways Consumer Credit Counseling Can Help You Manage Your Money Properly
Consumer credit counseling is a service that helps you learn how to manage your money correctly and get back on track financially. This free service allows you to grow as an individual by providing tools and techniques that will enable you to achieve your personal financial goals. Non-profit consumer credit counseling, in particular, helps ensure […]
Continue ReadingThe Upcoming 2023 Tax Season And What You Need To Know
It’s a new year, and many people are already anticipating the need to get their taxes in order. That could be because the official tax-filing season is scheduled to start on Monday, January 23rd. That is less than two weeks away. Another thing to think about is that Tuesday, April 18th arrives rather quickly, and […]
Continue ReadingThe Best Way To Take Control Of Your Finances This Year
When it comes to managing your finances, it can feel overwhelming if you’re not in control of each dollar that you earn. You may experience stress and avoid tracking your spending, which can make it easy to lose money and get into debt. If you want to learn how to control your finances this year […]
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