Recently, there has been some thoughts that maybe now is the time to slow down on debt repayment and focus on building up your emergency savings. While it is true that an emergency fund is a good idea, is now really the time to be saving up more instead of paying down high interest credit card debt?>>> [Read More]
Tag Archive: Interest rate
Why Closing a Credit Card Account Can Affect Your Credit Score
When people pay off debt, many of them rush to close credit card accounts. Indeed, the process can be quite therapeutic. You pay off a credit card, and, to celebrate your freedom from the chains of the debt (and being on the wrong side of compound interest), you cut up the card and cancel the account.>>> [Read More]
Getting More from Your CDs
One of the ways to add a little stability and safety to your investment portfolio is to create a CD ladder that can help you keep your money in an investment that offers safety and relative liquidity. However, that safety and liquidity come with a couple of downsides.The guaranteed returns mean that banks want to ensure that you will keep your money with them, and returns are generally fairly low.>>> [Read More]
3 Things to Ask Yourself When You Refinance
One of my financial New Year’s resolutions this year is to refinance my home while mortgage interest rates are relatively low.>>> [Read More]
