Natalie Buxton

Money seems to follow Murphy’s Law for most people, that is to say that when you need it the most is when you don’t have enough of it. The fact is though that in these times, most people don’t have any money set aside for emergencies. So when someone needs to go to the hospital or the car needs a major repair, most of us are forced to find a way to borrow money fast.

This usually takes the form of quick loans from family and friends or maybe even cash advances from the company. … Continue Reading

Modern credit ratings depend on a wide variety of factors such as past performance, current debt, income and several other concepts.  Regardless of the individual factors, the entire idea of credit is based off how able to repay a loan a lender determines a borrower to be.  If a lender believes that it is unlikely that the borrower will repay the loan, then there is no credit given.

These days a major factor in determining whether or not a person will be able to repay a loan is their work history and current employment situation.  … Continue Reading

A lot of people approach saving money on the theory that every little bit counts. So to save money on a day to day basis, people avoid things like expensive coffee shops, nights out, cable TV pay channels, subscribing to two different newspapers and other micro cost cutting methods on the theory that they will add up and translate to big savings. What do you do then if you have already cut every little cost that you can think of, and you still find yourself overspending? Well, the likelihood is that statistics have the answer.

Table 668 … Continue Reading

Modern credit ratings depend on a wide variety of factors such as past performance, current debt, income and several other concepts.  Regardless of the individual factors, the entire idea of credit is based off how able to repay a loan a lender determines a borrower to be.  If a lender believes that it is unlikely that the borrower will repay the loan, then there is no credit given.

These days a major factor in determining whether or not a person will be able to repay a loan is their work history and current employment situation.  If you are currently unemployed then … Continue Reading

I Made a Late Payment. Will it Affect My Credit Score?

By: Ryan

Let’s say you made one of those big no-no credit mistakes. You went out of town on vacation for a week, came back home and realized you totally forgot to pay your credit card bill. It happens all of the time. Chances are you are okay. The worst thing that may happen is you have to pay a late fee, but more than likely the creditor won’t report your one-time late payment to the credit agencies. Most lenders and creditors will not report bad repayment … Continue Reading

They may sound similar, but money market funds and money market accounts are two rather different things.  Money market accounts are conservative investments, earnings are low, but then so is the risk, it all depends on your money market rates. Money market mutual funds on the other hand have a potential for high rewards, but also a real chance of negligible earnings.

How do Money Market Funds Work?

Investing in a money market mutual fund can be risky, but the potential rewards are great as well.  The bank or brokerage takes your money, puts it into a pool and invests it … Continue Reading

If you’re primary criteria for selecting a type of bank account is favorable interest rates, then one of the best options available will always be high-yield money market accounts.  The secret to the usually high yields that such accounts produce is variable interest rates.  High yield money market accounts can be a complicated investment though, if you don’t know you’re getting into.

Annual Percentage Yield

Your return on investment will be determined by your Annual Percentage Yield (APY).  Typically, high yield money market accounts earn one to two percent more than the national average for savings accounts.  The APY is variable which … Continue Reading

This makes the 19th straight week that 5 year CD rates have fallen.  One would think that the decline would have to end sometime, but considering that the average 5 year CD rate is hovering around 2.7%, there’s still some room for the top performers to fall.

Currently the highest nationally offered 5 year CD is being offered by Nationwide Bank. Nationwide requires an investment of only $500 to get the account open, making it available to almost any investor.  Astoria Federal Savings is also offering the same deal on their 5 year notes.

The lowest rates being offered are … Continue Reading

After developing spreadsheets in the form of your expenditure history and uploading the numbers into Quicken, you have produced a financial plan. What’s next? The actual effort! You really must continue your financial plan and put your plans into action. This is simpler believed than finished. A year from now you might have forsaken your budget. What can you carry out to evade this?
Here’s how. Be sure you stick to a few of these suggestions below so this doesn’t happen to you.
1. Create reachable objectives – for instance, promise to not dine out all the time. This might be unworkable … Continue Reading

Money Market Account Interest.  A Money Market savings account is very much similar to a savings account in the sense that you invest cash in the bank and then you get a matching interest depending on the amount that you put in. The only variance is that the bank utilizes your money and loans it to other individuals with a higher interest rate.  The interest generated from money markets is compounded each day and paid every month with rates based on the going rate of the bank at the time the transaction was made. Depositors should be mindful about the existing interest rates before putting their money on money market as these money market rates rise and fall over time.

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