Hope for your financial life and beyond

Getting the Best Deal on a Personal Loan

It’s important to learn a few things about loans and the lending industry before taking out your first loan. Many people think that two loans that provide the same amount of money are completely identical. But this isn’t the case at all.

A lender might lead you to believe that if you can afford a monthly payment then you can afford a loan. In reality, this is only half of the story. You have to look at the big picture to understand if a loan is good for your situation. You may need to do some reading or get some outside advice.

[Read more…]

Why You Should and Shouldn’t Refinance Student Debt

If you have student debt, you may be wondering whether or not it is a good idea for you to refinance the loan. To be honest, it depends on your situation and several important factors. But make no mistake, you do have to pay them back. If you don’t, you risk defaulting on your loan, which could lead to other drastic consequences.

Not everyone will benefit from refinancing their student loans. So it is important that you take some time to think about it before you jump in feet first. Below, are some of the reasons why and why you should not refinance your student debt.

[Read more…]

5 Tips for Negotiating Residential Rental Disputes

Nobody envisions a major conflict when they sign a lease, whether they’re the landlord or the tenant. The relationship always starts out with high hopes and positive feelings. However, it can quickly turn sour depending on how both parties act and communicate over the course of the living arrangement. You could find yourself in the middle of many residential rental disputes.

It’s in the landlords’ best interest to remain responsive to tenant complaints. It’s also in the renters’ best interest to obey the terms of the contract and notify ownership of any issues in a reasonable manner. Proper communication and understanding of situations is the best path to landlord-tenant harmony.

However, most likely disputes will arise. What are some courses of action landlords can take to negotiate residential rental disagreements and get back on track with business? Here are 5 suggestions that landlord and tenant can use to handle residential rental disputes.

[Read more…]

Is Investing in Bitcoin a Good Idea?

Once Bitcoin was a blip on the radar. It emerged in 2009 as a trail-blazing digital currency that was created and held electronically. The purpose was to disrupt the ways we paid for things and exchanged funds.

bitcoinIt seemed as if its biggest proponents were a little ahead of themselves. We are living in an increasingly tech-centric world. The idea of an online currency that was essentially invented out of thin air taking over our financial systems always seemed far-fetched. Many believe it still does.

The question now isn’t whether Bitcoin can supplant conventional currency. The question is whether it can exist alongside it with enough value to be a worthwhile investment. This is the way more people seem to be looking at Bitcoin. This new outlook begs the bigger question: is investing in this pioneering cryptocurrency a good idea?

Here is a break down of some of the pros and cons for those who might be interested.

[Read more…]

5 Can’t Miss Things to Do Before Selling Your Home

Are you thinking of selling your home anytime soon? Well, now is a great time to do it. Homeowners sold over 5.25 million homes in 2015. This increased to 5.3 million in 2016. Although the rate of sale declined in August 2016, the prices of houses were still up from August 2015. With some help, you can take advantage of the recovering real estate market and sell your home at a great price.

Selling your home can be both stressful and exciting. It’s exciting because it means change, but that’s alsselling your homeo why it’s stressful: it means change. Like most people, you’ve probably formed an emotional attachment to your home or neighborhood. Leaving it may feel like a betrayal. There is no need to think that way – it’s not.

The following tips will help you make sure that you’ve covered all your bases before you sell your home and will help you feel good doing it.

[Read more…]

The Consequences of Riding Your Motorcycle Unprotected

There have been some rumblings in and around my house of late. Two of the young men who are in a Bible study group my wife and I host have recently bought a motorcycle. My kids love to hear them roar out of our driveway.

motorcycleThey are responsible young men so I don’t worry about them so much. I don’t think they would do anything crazy on a bike. What I worry about are other drivers. I’m hoping they take as many precautions as necessary when they ride.

Any experienced and smart motorcyclist knows that you need to wear the right protective gear any time you get on a bike. It’s not just about staying on the right side of the law, but it’s also about your own personal safety.

The statistics bear that out. According to the National Highway Traffic Safety Administration’s 2014 report, there were over 4,586 deaths resulting from motorcycle crashes. Although this was a decrease from the 4,692 deaths in 2013, the figures are still quite high.

[Read more…]

Why It’s Worth Your Time to Learn About Credit

Credit is one of the most poorly understood financial structures in the life of the average American. Everybody knows that most people have credit scores. They also know that wise spending and paying off your credit bill make a score go up. That’s about where most people stop.

Instead of learning how it really works, people rely on their guts for day-to-day decision making. They hope that everything will turn out all right in the end. Unfortunately, debt and poor behaviors come together fast. People with little understanding and strategy get weighed down financially, often in ways that they don’t even notice.

[Read more…]

6 Tips for Improving your Finances in College

College is one of the most exciting times in a person’s life. Yet at the same time it can be one of the toughest, especially when it comes to your finances. All those stories you’ve heard about college students eating instant noodles for weeks and never going out with friends can be a reality. It’s what happens when you don’t have any money.

Finances are a huge challenge in college. As I’m sure you know, the cost of a college education keeps going up and up. So if you are about to enter college or know someone who is, here are some basic tips that will help you improve your finances.

[Read more…]

10 Futuristic Money Saving Ideas That Are Already a Reality

Technology is changing the face of the world as we know it and it’s doing so at lightning speed. For example, think about this article. Ten years ago the platform on which you discovered it was either non-existent or looked totally different. Fifteen years ago you might not have been able to even conceptualize the device you’re using to read it. Twenty years ago you wouldn’t have anticipated this information – and many other things you need to know – being so readily available.

The mainstream financial services industry has not moved at quite the same pace. Traditional banks have not led the process but followed along with the sort of lag you’d expect from an old Windows PC. A major reason has been security concerns. It’s been challenging figuring out how to make financial services immediately accessible without compromising the safety of the huge amounts of money involved.

But the non-traditional financial services companies have made big strides. And with increased safety, it’s becoming easier to innovate ideas that save you money. The following 10 startups have produced some of the most revolutionary money saving ideas out there.

[Read more…]

What to Do if You Fall Behind on Your Student Loan Repayment

So, the bills rolled in this month and you cannot afford to make your monthly payment on your student loans. You promise that you will catch them up next month, but then you can’t afford it again. Before long, you are trapped in a cycle of debt. No matter how hard you try you cannot get out.

Student Loan repaymentWhat do you do? Luckily there are some options if you fall behind on your student loan repayment. It’s important though that you take action immediately instead of waiting until your balances are seriously delinquent.

We all know that bills can be hard to pay, especially when you owe more than you make in a single month. The only way to save yourself is to explore some alternative options. This post will detail some of those choices when you fall behind on your student loan repayment plan.

[Read more…]

CFD Trading Online for Beginners

If you’ve been investing for awhile and are looking at some alternative ways to put your money to work, you might want to consider CFD trading. It has become a popular way of trading on equity derivatives in the last few years. There are a number of benefits related to this form of investing.

If you are a beginner, you need to know some useful information on the derivatives product CFDs. Here we will see what it stands for, give an example and show some rules to follow when trading.

Contract for Differences (CFD)

CFD stands for contract for difference. It is an equity derivative trade and is an agreement between the trader and the broker. The agreement is made to exchange any differences in value of an underlying asset between the time when the contract is opened and when the contract is closed without ever owning the underlying asset.

CFDs complement traditional investing methods such as trading in individual stocks. Although requiring some study before proceeding, CFD trading is easy to understand and trades well in the different types of underlying markets.

CFDs are similar to the futures and options branch of trading. The closest cousin of trading CFD online is spread betting.

Example of CFD Trading

[Read more…]