There is no specific number of credit cards a person should have. However, owning two to three active credit card accounts is generally recommended. Your number of credit cards depends on your finances, financial goals, credit history, and spending habits. Some people prefer the flexibility of owning more than one card, while others think it[…]

During recessions, money is tight, and people are forced to cut back on all kinds of expenses. The pain from a recession can last several years and force you to make drastic changes in your lifestyle. However, there are ways to protect yourself from the worst effects of a recession. It’s important to be prepared for[…]

You dream of owning that little sports car you’ve been eyeing, but what if you have bad credit? Poor credit could shoot down your dreams if you need a car loan to fund that cool drive. But don’t give up yet! You can take steps to get a loan, even if your credit isn’t stellar.[…]

We’ve been spoiled by years of bargain-basement interest rates since the financial crisis of 2009. But, even after the climb to a modest peak of 2%, the onset of the pandemic triggered the U.S. Federal Reserve (Fed) to maintain rates at or near zero. The primary reason was to stimulate an economy that came to[…]

Everyone wants to save money for the future, but few people manage to do so successfully. If you are looking for smart ways to save money, this article will equip you with a few effective money management techniques you can employ to help you get your saving game on point. 1. Employ Auto-Save Tools Out[…]

Payday loans and installment loans are convenient ways to pay for expenses. Both are personal loans that can finance home repairs, medical bills, shopping sprees, or vacations. However, there are vast differences between the two payment options. Comparing the two can help you choose the best method to finance your expenditure. Differences by Definition What[…]

Many issues can cause you to get strapped for cash before your next paycheck. In such situations, you might have to get a payday loan, especially if you need the money quickly or your credit score is wanting. However, it is worth noting that payday loans come with several challenges. For instance, a payday loan[…]

Ever had a financial situation and needed money urgently? Well, I am sure you must have thought about a payday loan. But, many people ask themselves, will payday loans affect their credit score? I understand that building up your credit score takes time, and you want to protect it. However, a payday loan cannot affect[…]

Payday loans are short-term loans people apply for if they have instant cash needs to cover. The loan amount limits are usually small, about $500 or less. Payday loans also come with higher interest rates than most forms of borrowing. Borrowers are also required to repay the loan by the next payday. The benefits of[…]