Money Crashers

If I Pay Off My Credit Card in Full, Will My Credit Go Up?

Grant Sabatier — Fri, 26 Apr 2024 13:41:24 +0000

For U.S. consumers, having “good credit” or a good credit score is everything. Black marks on your credit report can prevent you from acquiring rental housing, certain jobs, or student loans – and cost you thousands of dollars in higher interest for your mortgage, medical loans, vehicle loans, and other lines of credit. Yet for

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Moby Finance Review 2024: Features, Pricing & How To Start

Grant Sabatier — Tue, 02 Apr 2024 18:00:06 +0000

Moby Finance should be on your radar if you want to streamline your investing tasks. This investment research platform provides easy-to-understand data that you can use to make challenging investment decisions. Check out my Moby Finance review to see what it’s all about. What Is Moby Finance? Moby Finance offers stock and crypto investment research

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Visible vs. US Mobile Cell Phone Plans: Which Carrier is Best?

Grant Sabatier — Fri, 29 Mar 2024 14:01:23 +0000

Choosing the right cell phone plan is important for budgeting and, of course, your phone needs. When comparing Visible vs. US Mobile, they are both great options, but which of these options is best for you? Check out the differences between Visible and US Mobile to determine which suits your needs the most. Visible vs.

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TopResume Review 2024: What Sets It Apart

Grant Sabatier — Fri, 15 Mar 2024 16:19:55 +0000

According to TopResume, 3 out of every 4 resumes are never reviewed. This means all applicants need a way to work around the system and get through the tough filters that threaten to move your resume to the ‘trash’ pile. Enter TopResume, a resume-writing service that not only gets around the modern screening technology by

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Joint Credit Card Accounts: 2024 Guide

Grant Sabatier — Tue, 12 Mar 2024 17:26:38 +0000

When you take a big step in your relationship – like getting married – it’s natural to merge your finances together. This is known in the financial world as joint ownership. Joint ownership is very common, especially for spouses or trusted partners. Being joint owners on a checking account, savings account, or home loan is

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What Is An Unsecured Credit Card?

Grant Sabatier — Fri, 08 Mar 2024 16:11:01 +0000

An unsecured credit card is what you typically think of when someone mentions the term, “credit card”. It allows you to make large purchases and pay them back over time. They also often come with rewards programs like air miles and cashback. Because it’s ‘unsecured’, credit card issuers won’t ask you to put down any

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How to Get a Business Credit Card with an EIN Only

Grant Sabatier — Wed, 06 Mar 2024 16:49:21 +0000

Business credit cards can be an excellent tool for a business owner. In addition to allowing you to purchase essential items for your business, you can also keep your business expenses and personal finances separate. As a business owner, this is vital for your financial and tax records. However, when applying for a business credit

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Stock Market Investing Tips for Beginners

Grant Sabatier — Thu, 22 Feb 2024 23:26:46 +0000

Investing in the stock market is one of the best ways to build wealth over the long term, but it can be complicated and stressful to get started if you’ve never invested before. The good news is that investing is more accessible than ever. Years ago, you had to work with stockbrokers who charged heavy

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What is Diversification in Investing?

Grant Sabatier — Thu, 22 Feb 2024 22:41:25 +0000

When newcomers start to invest, one of the first lessons they come across is a lesson on diversification. Just about every article with tips on reaching investing success talks about diversification in investing. On the other hand, some of the world’s most well-known investors advise against a diversified portfolio. Even the great Warren Buffett was

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Stocks vs. Bonds: Key Differences to Consider

Grant Sabatier — Wed, 21 Feb 2024 14:28:40 +0000

When you start investing for your future, it may be difficult to decide how you should invest your money. After all, if you don’t know the key differences between stocks vs. bonds, how will you be able to decide? For most investors, the best decision is to invest in a mix of stocks and bonds.

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How to Research Stocks – Before You Invest in a Company

Grant Sabatier — Tue, 20 Feb 2024 18:39:58 +0000

When reading about investing, you often hear that it’s important to do your research. That educated investing is the key to successful investing. That you should never invest a dime until you understand just what it is you’re investing in. However, there’s not much information out there about where or how to find the information

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What Is Your Risk Tolerance?

Grant Sabatier — Tue, 20 Feb 2024 16:44:55 +0000

The consequences of “financial risk” became apparent to many investors during the two-year period from 2007 to 2009. The stock market (as measured by the S&P 500) plummeted from 1562.47 on October 10, 2007, to 752.44 on November 20, 2009. As a consequence, many people lost more than one-half of their retirement savings. The coronavirus

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What Does Homeowners Insurance Cover & How Much Do I Need?

Grant Sabatier — Tue, 20 Feb 2024 15:20:53 +0000

Homeowners insurance is a bundle of different categories of coverage, which apply in various situations. You aren’t able to pick and choose what categories you want – there are six different components to homeowners insurance, all of which are required, which we’ll discuss below. However, depending on your possessions, type of home, and your financial

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Index Funds vs. Mutual Funds

Grant Sabatier — Tue, 20 Feb 2024 14:51:41 +0000

Index Funds vs. Mutual Funds – the two most common types of investment-grade funds. Investment-grade funds have become a preferred way for retail investors to access the stock market. These funds pool investment dollars from a large group of investors to make investments according to the fund’s prospectus. Investors share in both price appreciation and

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When You Should Use a Taxable Brokerage Account

Grant Sabatier — Tue, 20 Feb 2024 14:07:14 +0000

Taxable brokerage accounts don’t offer all of the tax incentives retirement accounts do, but they’re far more flexible. If you expect to need any significant chunk of money before you retire, that makes them an essential part of your savings plans. What is a Taxable Brokerage Account? Taxable brokerage accounts are investment accounts where you

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Municipal Bonds vs. Corporate Bonds

Grant Sabatier — Tue, 20 Feb 2024 01:03:21 +0000

When building a balanced investing portfolio, you’ll want to include bonds in your asset allocation. These assets provide safety and stability, offering relatively slow growth and reliable returns. As you begin to research which bonds to buy, you’ll realize there are several different types of bonds, with the two most common being corporate bonds and

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What is a Mutual Fund?

Grant Sabatier — Mon, 19 Feb 2024 23:26:15 +0000

Investing is an important part of saving for the future. One of the hardest parts of investing is building a portfolio of stocks and bonds that you’re happy with. Mutual funds are a way to easily invest in pre-built portfolios. What are Mutual Funds? Mutual funds are a type of investment that you can use

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What is Cash Back on Credit Cards?

Grant Sabatier — Mon, 19 Feb 2024 19:42:09 +0000

Cash Back on credit cards is a customer rewards system, first introduced by a division of Morgan Stanley all the way back in 1986.[1] A percentage of all money borrowed on the credit card is returned either as a bank deposit or as a ‘statement credit’ (meaning a deduction from your next credit card payment).

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How Do Credit Card Refunds Work?

Grant Sabatier — Wed, 14 Feb 2024 16:42:08 +0000

Buyer’s regret happens to the best of us. Perhaps you are not as in love with your purchase as you thought, or the item is defective. With that in mind, this is why credit card issuers allow for credit card refunds. Making a return on a purchase is a relatively straightforward process, as long as

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How Much Available Credit Should I Have?

Grant Sabatier — Wed, 07 Feb 2024 17:20:56 +0000

Credit utilization is one of the most important factors contributing to your credit score. Your credit utilization ratio refers to how much available credit you have at a given time. Credit utilization is critical because it signals to lenders whether you can use credit responsibly and pay your debts. In fact, credit experts say that

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