Borrowing money can have a number of benefits. It can help you to cover unexpected costs, or to make a major purchase that you otherwise couldn’t afford. It can also give you access to funds that you can use to grow your business.
There are a few things to keep in mind when borrowing money, however. First, it’s important to make sure that you borrow from a reputable source. There are many lenders out there, and not all of them are created equal. It’s important to do your research and make sure that you’re borrowing from a company that has a good reputation and will offer you a fair interest rate.
Second, it’s important to make sure that you borrow only what you need. It’s easy to get caught up in the moment and borrow more money than you actually need, but this can lead to problems down the road. Make sure that you take a close look at your finances and only borrow the amount of money that you absolutely need.
Finally, it’s important to make sure that you make your payments on time. When you borrow money, you’re responsible for paying it back. If you don’t make your payments on time, you could damage your credit score and end up paying more in interest and fees.
If you’re like millions of others, you’ve probably wondered, at least at some point, how to improve your credit score. My goal is to discover and pick apart all the moving parts that make up a credit score in this article. Your credit score is just one piece to improve from your financial puzzle. However, …
How to Improve Your Credit Score [FAST] Using These 29 Best Ways Read More »
COVID19 has impacted millennials’ finances in a way that no one could have predicted. The world has been hit with the full force of this pandemic, emotionally, physically, and economically. If you’ve found yourself in a difficult position financially for any reason, it can be extremely stressful and daunting. Try not to worry, as there …
How Millennials Can Cope With Their Finances Amid COVID19 Read More »
FHA loans and VA loans are mortgage loans insured by the government and available for potential homebuyers. FHA loans are available to lower-income borrowers and typically require a very low down payment. Also, borrowers get competitive interest rates and loan costs. VA loans are available to veterans and their spouses or widows/widowers. VA Loans require …
What are FHA Loans and VA Loans in the United States? Read More »
My work as a producer lets me learn all sorts of interesting things. In my years developing video content for the internet, I got to interview people from all walks of life. I got tips from 5-star chefs and a walkthrough of creating an app from a narrative game designer. I even interviewed doctors who …
Financial Literacy: A Freelance Millennial’s Journey Read More »
No doubt, in , there are many credit cards to pick from, but how do you choose the best one? In this article, we’ve asked the experts. We came up with a list of the different types of credit cards and their features to be on the lookout. If you can use the best features …
Best Credit Card Features for 2023: Our [TOP 10 List] Read More »
Is your credit card debt behaving like an unruly boy and has gone completely out of your control? Are you spending sleepless nights wondering how to get yourself of a debt spiral? Or perhaps it’s a burgeoning credit card debt? Worrying about your credit card debt without taking any concrete action won’t help to tame …
How to get out of a debt spiral – 11 Easy things to do [TODAY] Read More »
Are you wondering how to prevent identity theft? As we battle the medical and economic obstacles of COVID-19, many of us are faced with another challenge: identity theft and fraud. In times of uncertainty, scammers are more likely to feed off of consumers’ distraction and sense of fear, and in the midst of a global …
How to prevent identity theft (8 Best Ways) You Can Do Today Read More »
Are you wondering how to make a budget? If you’re like most, you might realize that while you need to do it, but perhaps you don’t know where to start. Indeed, as Hirsch Serman from Lifecycle Financial LLC. states, “it’s unfortunate that in our society we teach our children to iron a shirt, cook, and change …
How to Make a Budget: 7 Simple Mind-Blowing Tips Read More »
Are you wondering how to pay off debt fast, if you think you have no money? Indeed, in this article, I’ll cover some strategies you can do today to pay off debt, fast. The best way for Americans to learn how to pay off debt fast, even with no money is by reducing spending, increasing …
How To Pay Off Debt Fast – The 2 Things you Need to Do Read More »
Now more than ever, banks market credit cards toward millennials. The economy relies on consumer credit to keep it ticking along. And banks have a seemingly endless supply of money to lend out to those who are both acceptable to it and creditworthy. One of the favorite tools banks have to lend out money, quickly, …
The #1 Thing Millennials Don’t Understand About Credit Cards Read More »
Stay in Touch With Us
Get latest from The Financially Independent Millennial in our Friday Newsletter
