Borrowing from retirement plan is possible. However, this is something that you may want to consider not doing as there are several drawbacks to it. First of all, the main reason why you have your retirement savings is for you to live a comfortable life once you retire. You should work on your finances so
Everyone wants to find ways on how to reduce mortgage fee. Your home could be the biggest and most important purchase that you would make in your life. The cost of buying a house is not a joke. Only a few can afford to pay in cash. Majority of people rely on mortgages to get
Frugality and cheap are not the same. There’s a fine line between the two and if you don’t want to be branded a cheapskate, you should know the difference. It’s not bad to want to save money and be smart in spending it. However, when this sacrifices even your needs and that of others, it’s
There are important habits that you need to practice in order to maintain healthy personal finances. Once these habits were included in your lifestyle, it would become natural and these would become part of your day to day life. According to a survey made, only less than 10% of college students and less than 20%
Student loans get high and this is taking a toll on a lot of graduates. About 18% of the salary of most graduates go to their salary loan payment. Moreover, around 60% of these graduates see that they would be in this situation until they reach their 40s. This is the reason why many of
Many people are not sure about the difference between public charities and private foundations. Although both are not for profit organizations, they have their differences, which those who might be looking for grants and those who are planning to make a donation or be part of their good cause may want to know. Non-profit organizations
A pay raise is one of the things that employees look forward to each year. Aside from the fact that unemployment rate went down for the past years and is now at only 4.7%, many employees also received an increase last year. Although some received little, while others didn’t, majority did and the average rate
There are different types of insurance out there that were designed to provide benefits for various situations. Since there are already so many of them, it’s sometimes get confusing on which ones are the most important. If you have the means, it’s not bad to get all the insurance that you think would be helpful
Understanding payday loan is something that you must do before you jump into its application and get one. Like other types of loans, it has its pros and cons. One of the good things about it and also one thing that attracts many people to apply for a payday loan is its fast processing. Those
Many individuals perceive rich people to be spending mindlessly when it comes to their money, after all they have lots of it. While this is true to some, many of them actually worked hard to get what they enjoy right now and they have been and are still smart about the way they spend their