Credit cards can be effective as a tool to build a good credit score or to make ends meet in an emergency, but too many people use them improperly. They end up relying on their plastic to meet monthly obligations or to buy big ticket items. Today, more and more people are giving up their … [Read more…]
If there is one topic that always gets people uncomfortable, it seems to be the topic of debt. Whenever you take out a loan or borrow money from another entity, you are considered to be indebted to them until you pay back the full amount. While many associate debt with a negative context, and rightfully … [Read more…]
Today, we are witnessing lenders charging exorbitant interest rates for their financial products. It is not uncommon for credit card interest rates to be 25 percent. The products of payday lenders have the same, and often higher, interest rates as credit cards. Simultaneously, many Americans are living from paycheck to paycheck, one small financial problem … [Read more…]
You’re probably one of those people who put their career behind to focus on your then-spouse and family. Now that you’re divorced, you want to create a new lifestyle for yourself and become successful. Why shouldn’t you? While starting over isn’t easy, you should push your way through life. Here are six reasons why your … [Read more…]
Most people know or have heard that they need to have a good credit score to buy a home, but some aren’t sure why it’s so important. While there are quite a few reasons why this is important, including finding a good lender like Chenoa Fund, we’ve listed 5 that are usually at the top of … [Read more…]
Whatever your financial standing may be, you can gain control of any outstanding debt and start improving your finances. The faster you are able to repay what you owe, the sooner you’ll be able to grow your net worth. Use the following tips to start reducing your debt today: 1. Stop Frivolous Spending The first … [Read more…]
The financial industry is rapidly changing. There have been significant changes with crowdfunding, cryptocurrencies, financial technology, and workplace diversity. Most of these changes will affect millennials and workplace talent. Here are eight of the biggest trends affecting the financial industry, according to Wasif Vimawala. Crowdfunding Public Services Companies are using crowdfunding for funding public places. … [Read more…]
Do you really need that credit card in your wallet? People who own a credit card are literally and figuratively carrying too much risk. Owning just one credit card is enough to lead you into debt. Once you accumulated that debt, it can be hard to get out of it. If you already own a … [Read more…]
There are two ways you can improve your financial situation: increase your income or reduce your debts. While increasing your income may involve the longer process of learning new skills and seeking a better employment position, reducing debt is something that can be done relatively quickly. These tips can help you get started by giving … [Read more…]
Many people wonder how to stick to a budget, and indeed, many of the inquiries that Hornet Partners get from would-be clients pertain to this. In theory, budgeting itself is pretty simple: Take in more than you spend. However, this isn’t the reality for most people, which is why their budgets eventually run away from … [Read more…]