Financial-literacy advocates in New Mexico are upping the ante in anticipation of the 2021 state legislative session. They claim the last state legislation didn’t go far enough to protect consumers and they collectively aim to continue tackling predatory lending issues. Legislative Action from 2017 Congress passed several house bills to address short-term loan practices … [Read more...] about New Mexico Renews Measures to Protect and Educate Title Loans Borrowers
Financial freedom can seem like an unattainable fantasy until you start to develop a good strategy for attaining it. While it may require making some difficult decisions, you can eliminate your debt and give yourself a fresh start. The following guide will help you work towards your own financial peace of mind. Assess Your Financial Situation The very first thing you'll … [Read more...] about Effective Ways to Manage Personal Debt and Achieve Financial Freedom
We all want to be smart with our finances. Unfortunately, the coronavirus pandemic has turned the economy and the financial life of many upside down. Millions are currently experiencing a significant reduction in their paycheck. Unfortunately, some have even lost their source of livelihood. Due to a sudden reduction in income as a result of the pandemic’s effect on the … [Read more...] about Financial Hardship, Bankruptcy, and COVID-19: What You Need to Know
Although at first glance, it may seem easy, managing your finances does require certain skills but most of all goodwill. Most people would constantly spend money on the things they like, without thinking about the things they actually need. That's probably the hardest part unless you are really rich, then most likely you do not need any advice. Generally speaking, those who … [Read more...] about How to Be Smart with Your Finances
It may be hard to imagine what being debt-free feels like. Living your life without carrying around a mountain of debt can feel good. Paying it off doesn't have to be extremely difficult, especially if you consider the following five suggestions. 1. Sort by Interest Paying interest is like giving away money to creditors. You want to avoid high-interest rates, so go over … [Read more...] about 5 Ways to Pay Off Debt That Won’t Break Your Back
The Covid-19 pandemic has not only affected the millions of lives but also the world’s economies have been disrupted. Many economies of the world have gone to recession as lockdown has been imposed by the countries to stop the spreading of Covid-19. Due to this reason, the unemployment rate has been increased and people are getting pay cut. Because of this prevailing … [Read more...] about Best Financial Management Tips to follow during Covid-19
Buying a home, especially your first home, is very exciting. However, it can also be overwhelming and expensive. On average, homeowners spend $200,000 to buy a house. Getting a home is not something you want to plan and get at the last minute. You should take the time to compare home loan types and how much you can afford to bring to the table (in down payment). … [Read more...] about 8 Home Loan Types: Which One Is the Best for You?
Investors are always on the hunt for the best assets to put money in. Some are looking to take risks and leverage market potential for strong returns. Others take a more conservative mindset and pick safer assets without large volatility. Crypto has been coined as the modern era’s ‘digital gold,’ leading some to ask about how the asset stacks up against precious metals like … [Read more...] about Cryptocurrency vs. Precious Metals: Which to invest in?
If you’re an entrepreneur who is looking to make a huge investment to grow your business, you probably have considered taking out a business mortgage loan to cover the expenses. However, like other types of business loans in the market, managing your mortgage payments can be overwhelming and stressful. With all the things that you need to do, it’s somehow difficult to keep … [Read more...] about How To Manage Your Mortgage Payments
If you are thinking about remortgaging your property, then you must already have a current mortgage. First off, it is important that you are clear on the fact that a remortgage is not a second mortgage on your property. A remortgage in effect is the transfer of a mortgage from one lender to another. Essentially, you pay off your original mortgage with your original … [Read more...] about Reasons Why You Should Remortgage Your Property