Avoid These Mistakes When Refinancing

Refinancing a home loan can bring a host of benefits, such as lowering your monthly payments, paying off the balance faster, and switching from an adjustable-rate mortgage (ARM) to a fixed-rate loan. This involves getting a new mortgage to replace the previous one. In doing so, the original investment needs to be paid off first to create a second loan. …

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Man climbing the stairs of success

Aim High: Careers that Promise High Salaries

Everyone wants to become wealthy, or at least have the luxury of not having to worry about paying rent on time, sending the children to a good school, and having enough funds for retirement. Everyone needs to understand, though — teenagers, most especially — that nothing “just happens,” unless you win the lottery for 10 million dollars or some other …

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Couple managing their finances

Getting Over Debt Phobia

Fear of accumulating debt is understandable. Many of us have it, especially those who have experienced first-hand how devastating and stressful paying a debt back can be. I’m not a stranger to debt myself. I put myself through the wringer working part-time in addition to holding down a full-time job when I was fresh out of college. I had student …

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personal investment

Investment Facts I Wish I Knew When I Was Younger

As a child, I had a vague notion that to be wealthy, I should become an investor. I’d hear this word, along with others like stocks, bonds, and funds, in television, movies, and overheard conversations between adults. I knew early on that investments are important for financial security. What I didn’t know was when, where, and how to start. Among …

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Saving Money

Saving in Modern Time: Ways to Enjoy a Modern Lifestyle While Staying Frugal

Every year, we promise to become smarter spenders and better savers for the months to come. Most of us do a good job in budgeting and holding back on leisure expenses in January, with many of us telling ourselves “I want to save money!” and holding off on major purchases for the month. After that initial burst of optimism, however, …

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