Day: December 11, 2020

What Is A Sinking Fund And How You Can Use It?

December 11, 2020

What Is A Sinking Fund And How You Can Use It?   What is a sinking fund? Is it similar to savings?   Well, a sinking fund is the total amount of money you set aside that is entirely separate from your emergency fund or savings account. Because of this, you can use the sinking […]

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What Is Disposable Income? 

December 11, 2020

What Is Disposable Income?    What is disposable income? What is its economic relevance? How does it differ from discretionary income?   In a nutshell, disposable income is the remaining amount in your income after you paid your taxes. Calculating it is pretty simple. You just have to use this formula:   Disposable income = […]

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Which Bills Should You Pay With Your Credit Card?

December 11, 2020

If you have a rewards credit card, using it to pay your bills might seem like an excellent way to maximize your rewards. However, does that mean you should do it?   According to Credit Karma, it’s okay — as long as you don’t charge your card because you can’t cover that month’s amount, and […]

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What Are Pay Cards?

December 11, 2020

Have you ever worked for an employer who offered to pay you with a pay card instead of a paycheck? If you’ve never had this experience, you might not know what a pay card is. It’s one form of receiving payment, but it’s not always the best choice.  If an employer offers to pay you […]

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Traveling This Holiday? Here Are The Top 3 Credit Cards With Trip Cancellation Insurance

December 11, 2020

If you have holiday travel plans this year, a credit card that comes with trip cancellation insurance can help give you peace of mind. Trip cancellation insurance is a form of travel insurance that refunds deposits for certain reservations such as plane tickets and hotels if you cancel your plans due to a qualifying reason. […]

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How To Reopen A Canceled Credit Card Account

December 11, 2020

If you cancel a credit card, you may decide to reopen it in the future. It might be possible, but it depends on your credit card provider, the reason why you closed your account, and how much time has passed since you canceled it.  There’s always a chance that your card company will refuse to […]

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6 Credit Card Perks That Can Help Your Credit

December 11, 2020

Once upon a time, banks offered toasters to incentivize new customers into opening a checking or savings account with them.  While financial institutions no longer give out small appliances to attract new clientele, these promotions continue with welcome bonuses, competitive interest rates, and other rewards for account holders. But banks aren’t the only ones who […]

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$908 Bipartisan Bill Collapses Following White House Proposal

December 11, 2020

A $908 billion COVID-19 relief bill introduced by a bipartisan coalition earlier this week is in disarray following Senate Majority Leader Mitch McConnell’s statements that fellow GOP senators will reject $160 billion in state and local aid as a possible quid pro quo in the offer. According to the Associated Press, The Kentucky senator condemned […]

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4 Lessons from Self-Made Millionaires

December 11, 2020

Saving is not just about putting away a certain amount of money every month. It can mean retiring younger, building your dream house sooner, or traveling the world. Putting it in perspective can help you save more and save bigger. To help you achieve this, below are important lessons from self-made millionaires on how to […]

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