Since its inception in 1997, the child tax credit has been helping Americans with the cost of raising children. The credit came into existence through the Taxpayer Relief Act. Under the child tax credit, any taxpayer with a dependent child is eligible for up to $2000 credit per child. In this article, you will learn…
A credit score is a metric that lenders use to measure the creditworthiness of a borrower. It’s an essential part of your financial life. And how often you get loans with juicy interest rates depends on your credit scores. However, there is a lot of false information out there about credit scores. So, in this…
Are you wondering how to pay off student loans easily? Though the thought of it can be intimidating, it is very achievable. A student loan is an excellent way to finance your studies while you pay back in installments with interest. But if not carefully executed, you may end up wallowing in humongous debt long…
A recent survey by Pew Research Center revealed that over 50% of Americans belong to the middle-class. The study suggested that people with an annual income of about $57,617 are in the middle-class. That’s income that ranges from two-thirds to double the national median. And by this definition, if your income ranges from $26,000 to $75,000…
Most people are aware of their financial struggles. Many are familiar with not being able to pay their bills on time. Maybe you only have enough cash for bare necessities and rarely for luxuries, or you keep relying on credit cards to make it to the next payday. Although problems with money can feel…
One of the most stressful things about being in debt – sometimes even more than the amount you owe – is the debt collectors. The constant calls, letters, and demands can quickly rob you of your peace of mind. However, if you have more than one account in collections, it’s useful to know that…
Tired of keeping up with your debt? Paying it off can be frustrating and discouraging if you’re not sure how to get started. Like most people, you’re probably trying to pay off the monthly minimum payments just so you can stay on top of your debt. Unfortunately, it’s not working. You’re left with almost no…
If you live paycheck to paycheck, saving money may not be at the top of your priorities. After all, how do you set aside a few dollars if you’re struggling to even pay your bills? If you don’t want to get stuck in that vicious cycle, however, you need to learn how to consciously save…
Not all debts are bad. Some can help you reach your financial goals. It typically depends on the kind, quantity, and cost of the debt you take on as well as how you manage it. For instance, credit cards are excellent tools for paying more significant expenses and accumulating reward points. However, if you…
Many people start budgeting, intending to really make it work. Unfortunately, most people quickly return to lousy spending habits once they fail to stick to their budget. The key to establishing a budget that works for you is to realize that there’s no one-size-fits-all solution when it comes to managing your money. In fact,…