Perhaps you have followed the ‘living the dream’ motto and decided to work in America. You have a job and an income, but you still need to send money to your family back home in your country of birth or most recent citizenship. This requires creating and managing two household budgets. Here we provide tips …
Budget Tips When You Have Family in Your Home Country But Work Abroad Read More »
Did you want a higher loan amount than what you were granted by the bank? The good news is that if you’re skilled at negotiations, you can try to work out a greater loan amount. There are many ways to increase the loan amount you can get from a bank or other financial institution. Follow …
How to Negotiate a Loan Amount with a Lending Company Read More »
So you’re starting improve your finances and you’re hearing a lot about splitting your expenses into needs vs wants. Why would you do that, and how can you clearly tell between them? Needs vs wants refer to the distinction between essential expenses and discretionary expenses. Needs are basic necessities that must be met in order …
Needs vs wants: why they’re important and how to tell between them Read More »
If you’re looking to create a budget, you might hear some people swear by the 50/30/20 rule. But what is it? The 50/30/20 rule is a budgeting guideline that suggests allocating your after-tax income towards three categories: It was first proposed by Senator Elizabeth Warren and her daughter, Amelia Warren Tyagi in their book, All …
Everyone should have an emergency savings fund, no matter their financial situation. You must have one because it’ll equip you to deal with unexpected expenses and emergencies, such as a job loss, medical bills, or home repairs. It can be hard for people with other financial responsibilities (like paying off debt) to prioritize building an …
Emergency Fund: What is it and how do I build one? Read More »
Are you dreading the thought of managing your mortgage debt? Don’t worry, I’m here to help! You can manage your debt with an adjustable rate mortgage (ARM). An ARM is a great tool that can help put you on track to financial success. It’s all about understanding how ARMs work and making sure they are …
Managing Debt with an Adjustable Rate Mortgage: A Guide Read More »
Are you looking for a way to make your standard mortgage payments more flexible? If so, then you’re not alone: over 50% of homeowners in the U.S. are currently considering tailoring their mortgage repayment plans. With modern technology and innovative products like flexible mortgages, adjustable-rate mortgages (ARMs) and more now available, it’s easier than ever …
Flexible Mortgages: How to Tailor Your Repayment Plan Read More »
Are you trying to decide between biweekly and monthly mortgage payments? It can be a confusing decision, but it doesn’t have to be. I’m here to help you understand the differences between these two options – so that you can make an informed choice and save yourself some hard-earned money! The first thing to consider …
Do you ever feel like your debt is a noose slowly tightening around your neck? It can be hard to know which step to take first when it comes to getting out of the red and into the black. Paying off debt is an intimidating process, but with the right plan in place you can …
Which Debt Should You Pay Off First? The Ultimate Guide Read More »
Do you ever find yourself wondering what collateralized debt obligations (CDOs) are and how they work? You’re not alone. In fact, an estimated $5 trillion in CDOs were issued between 2005 and 2008 – a staggering figure that highlights the complexity of these financial instruments. So, why are so many people interested in understanding CDOs? …
What Are Collateralized Debt Obligations And How Do They Work? (CDOs) Read More »
