When interest rates drop, homeowners often consider refinancing their mortgage loans to reduce their monthly payments or interest rates. Yet, you could refinance and consolidate many outstanding loans, especially higher-interest ones, including the student debt you carry, but should you? Here are some factors to think about before making the decision.
Author: Deb
Don’t Make THIS Critical Credit Mistake
Offers from banks for credit cards with cashback incentives, rewards programs, and 0% temporary rates might overwhelm your physical and virtual mailboxes. Beware! While the perks offered might tempt you to take advantage of applying for accounts, opening multiple credit cards simultaneously can hurt you financially. Here’s why.
Your Employer Doesn’t Offer a 401(k) — Now What?
If your employer doesn’t offer a 401(k) retirement plan, finding the best ways to save for your golden years might be challenging. Most companies don’t provide workers the option to participate in a plan, so preparing for the golden years typically falls to individuals. And no matter when you start, saving is still possible. Here are three effective ways to save for the future.
Why You Should Avoid Carrying THIS Kind of Debt
When you hear the word debt, you might envision a drain on your bank account month after month. In truth, some obligations can help grow wealth, although carrying the wrong kind of debt can hinder financial progress for the foreseeable future. Credit card balances with high interest rates can trap you in a cycle that’s hard to escape.
How the Federal ACP Could Help Your Family Afford Internet
In the age of technology, accessing the Internet to connect with the online world is essential. Unfortunately, the expense can be too much for many Americans who fall below certain income levels, cutting them off from news, banking, education, healthcare, and work. In March, the Federal Communication Commission (FCC) implemented the Affordable Connectivity Program (ACP), making the Internet accessible to more people across the country.