Four Tips for Loaning Money to Family
Think carefully before lending money to family: Unpaid debt could lead to strained relationships
Personal finance covers several categories and overarching themes, such as managing your money and saving and investing. If we drill down, personal finance encompasses budgeting, banking, insurance, investments, mortgages, loans, retirement, tax, and estate planning to name a few. Your personal finances are uniquely yours and depend on your income, expenses, hitting both short and long-term financial goals, as well as budgeting for your lifestyle. We'll discuss ways to manage your money, as well as the basics of financial literacy and ways to limit debt, and how to use credit cards wisely. It’s important to monitor your credit report so that you can help ensure all your personal information is correct and that the report accurately reflects your financial history. Your credit scores and reports are an important part of personal finance, as they could impact your day-to-day reality — affecting items like the ability to rent where you want or getting you a better loan or mortgage rate than you would with lower credit scores.
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You Ask. Bev Answers: How Can I Reestablish Healthy Credit Habits After Bankruptcy?
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What Do Interest Rates Really Mean?
Put simply, interest is the price you pay to borrow money. Before you agree to a loan, understand how your interest rate will affect the total amount you owe.
What is a Consumer Statement and Should I Have One?
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Credit Mistakes That May Be Costing You Money
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Unemployment Income and Taxes: Do You Need to Pay?
If you or another income-earning family member has recently filed for unemployment benefits, there are some important things to keep in mind come tax time.