The Playbook
How Do Personal Loans Work?
Whatever the reason for a personal loan, the fact remains that it’s going to cost more to buy what you want because you will also have to pay interest on the amount you borrow.
Am I Required to File Taxes?
The Internal Revenue Service (IRS) is the government entity that requires us to pay income taxes. They require most U.S. citizens or permanent residents who work in the U.S. to pay income taxes.
What Is Overdraft Protection?
The bank or credit union where you keep your money will cover the charges even if you don’t have enough funds in your account to cover the total amount.
When Are Student Loans Due?
The longer you wait to start paying back your loan, the longer it will take you to repay it, and the more money you will have to pay overall thanks to the interest that accrues.
What Is a Checking Account?
A checking account is a place to store your money, typically at a bank or credit union. These days, they can all be managed online through the institution’s website or an app.
How Do I Start Investing?
Investing is a powerful tool. It’s how people build wealth and how the wealthy keep getting wealthier. Lack of understanding keeps most people from ever getting started.
How Do Reverse Mortgages Work?
A reverse mortgage is a loan – money borrowed from someone else that accrues interest and must be paid back.
What Is Compound Interest?
Would you rather earn an increasing amount of money each month by doing nothing or pay an increasing amount of money each month for doing nothing?
How Many Credit Cards Should I Have?
Credit cards come with a few benefits, right? Buy now, pay later. Earn rewards. Build your credit score.
What Is a Good Credit Score?
A credit score fails to capture most of the elements of a financially successful lifestyle. Actually, the credit score only cares about your relationship with debt.