What does an outdoor country club, a lakefront residence, and a rustic castle all have in common? They each make for a picturesque wedding venue and you may just find yourself as a guest at one of these places this summer. With wedding season upon us, it is important to pause and think about the financial implications of saying, “I do.”
With the dog days of summer sports upon us, and the Summer Olympics ending Sunday, sports fans are becoming more and more desperate for something to watch. While it can be frustrating to be watching MLS soccer on primetime, summer also means great baseball deals. Unlike tickets to other sporting events, the lengthy MLB season gives you lots of opportunities for ballpark savings.
People lead busy lives, and paying bills is just one more thing that gets put off until the last minute. No one likes paying bills, but we all grit our teeth and do it… eventually.
Unfortunately, paying bills on time is a lot more important than people realize.
If you are in your twenties or early thirties, how much total money do you think you will need to save for retirement to maintain your lifestyle? Would you pick $200,000, $500,000, $2,000,000, or $10,000,000? If you chose $2,000,000, you’re on the right track. Continue Reading
Mortgage rates have hit an all time low, yet homeownership continues to dip in the United States. One would assume that lowering borrowing costs would increase the number of homeowners. However, homeownership has continued to decrease in spite of low borrowing conditions. How have these seemingly contradictory metrics followed the same downward trend in recent years?
The future of the ‘federal funds’ rate does not only carry important consequences for Wall Street, but it also affects you too. Before the momentous decision taken by the British people to leave the EU, interest rate hikes appeared to be on the horizon for Janet Yellen and the Federal Reserve. However, uncertainty has returned after Brexit, as an increase in interest rates is now very unlikely in the near future.
But if and when a hike comes, what does it mean for you and the millions of others who don’t work on Wall Street?
Credit cards are very lucrative products for banks. Despite numerous laws passed to regulate credit cards over the last several years, issuers still generate over $200 billion in credit card fees and interest each year. But many people, especially those who consider themselves money savvy, never pay a dime to their credit card issuer. Here’s a breakdown of where that money comes from, and how you can avoid paying more than you should. Continue Reading
With graduation day and commencement now in the rear view mirror for many, it is important that new college graduates start thinking about their financial future. That means don’t delay on tackling any student loan debt you might have accrued.
After graduation, you may be beginning your first full-time job, renting an apartment, or even purchasing your first vehicle. Either way, you will now be faced with a new monthly bill – your student loan repayment. While some parents are pitching in to manage the payments, not everyone has that luxury. According to a recent survey conducted by the student loan division of Discover Financial Services, 52 percent of parents said they are likely to help their child repay student loan debt in 2014, down from 58 percent the previous year.
In 2015, the average recent college graduate had $35,000 in student loan debt and the 2016 projection is only going up. The college graduation student loan debt is projected to increase 5.7% to $37,000, according to Mark Kantrowitz, a financial aid expert at Cappex.com.
While paying off your student loan debt can be overwhelming, here are a few tips to conquering your student loan debt.
Just as Amazon makes it convenient to shop online and deliver the products you need, marketplace lenders are trying to do the same for loans. Their goal is to offer consumers better credit options and to do so in a more efficient way. Through prioritizing the borrower and by using technology to simplify the application process, marketplace lenders are creating a strong case for why their businesses may be here to stay.
According to a recent PWC report focused on marketplace lending, the firm sees them as viable businesses with enough promise that many traditional financial institutions big and small have taken notice and are beginning to actively respond. Furthermore, they note how marketplace lenders are evolving from consumer and small business loans into other consumer lending needs while exploring new forms of innovation beyond the traditional lending market.