What Is a Roth IRA? If you have done any research on retirement planning, you have probably seen the phrase “individual retirement account” – also known as an IRA – many times. This is a basic option for retirement savings. But what about the slightly different Roth IRA? What sets it apart? And what is […]
5 Investment Mistakes You’ll Want to Avoid Investing can be an exciting whirlwind or a dry bore, depending on your point of view. Regardless, it’s an important part of global and personal finance. Trends on Wall Street affect both international economics and individual retirement plans. It is therefore important to be a careful investor. While […]
How to Responsibly Budget A Home Renovation Project
How to Responsibly Budget A Home Renovation Project One of the joys of homeownership is the power to makeover your domain. It can also be one of the biggest stressors. Americans will spend an estimated $340 billion on home improvement projects this year, according to a report from Harvard University’s Joint Center for Housing Studies. With all […]
How Is A Credit Score Calculated? There are many financial concepts that are daunting to learn about. Credit scores are not one of them. While the Fair Isaac Corporation behind your credit score (a.k.a. FICO score) does not reveal the precise formula for calculating it, the main categories are well-known. Here is how they break down by level of […]
5 Mistakes People Make When Choosing A Credit Card
5 Mistakes People Make When Choosing A Credit Card Choosing a credit card is daunting but necessary in order to build good credit. It is understandable if you aren’t sure where to begin. Financial matters are complex and heavy with importance. Heed these tips for what not to do when applying for a credit card.