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Great CDs for every long-term saver
Looking for a new spot to stash your cash? Girl, put your records on, and consider investing in a CD.
A CD, or a certificate of deposit, is perfect for savers with a little time on their hands. But I promise, that patience will seriously pay off. CDs often offer higher interest rates than traditional savings accounts and are a smart way to invest if you can’t stomach the risk of investing in the stock market.
CDs, which are often issued by commercial banks, come in many different flavors, and you can pick from a slew of offers like traditional, bump-up, liquid, zero-coupon and callable CDs.
Salary secrets spilled: Millennials are piping up about their paychecks
Can you keep a secret? If you’re a millennial, maybe not. At least when it comes to your salary.
Call us chronic over-sharers (thanks, Facebook), but young adults are spilling the deets on our salaries at much, much higher rates than older generations. The Cashlorette’s survey found that, overall, 63 percent of millennials ages 18-36 have shared their salaries with an immediate family member, 48 percent have shared with friends and 30 percent have even shared with co-workers.
On the flip side, only 41 percent of baby boomers ages 53-71 have shared their salaries with an immediate family member, 21 percent have spilled it to a friend, and a mere 8 percent have shared with a co-worker.
So, when it comes to your salary, should you loosen those lips or keep them sealed? The answer isn’t exactly one-size-fits-all.
Venmo announces new features for shopping and instant transfers
If “Venmo me” is a phrase that has weaseled its way into your daily routine, this news will be good for your shopping stamina, but potentially bad for your budget.
Beginning this week, you can use Venmo as a method of payment at over 2 million retailers when shopping with your mobile phone. Nearly every retailer that accepts PayPal will now also accept Venmo, including popular chains like Forever 21, Lululemon and Foot Locker.
*millennials everywhere erupt into cheers*
4 investment scenarios to consider before splurging on Chanel
Download as many plugins as you want and coupon clip to your heart’s desire, but fashion isn’t always frugal. Trust me, I’ve tried. And as much as you may want to believe Carrie Bradshaw was able to afford her couture wardrobe on a writer’s salary (lol), the bottom line is that pretty clothes can cost you a pretty penny. *Sigh.*
Keeping your budget all buttoned up can really be hard, and when you have to choose between splurging on that shiny, new thing or saving and investing, making the responsible decision isn’t always easy. Adulting is hard, isn’t it?
Luxury items may often be dubbed as classic “investment’ pieces because they’re intended to last a lifetime and retain their value, but your money is much better stashed in a spot that won’t get wrinkled, worn or torn. Promise.
Top 5 Reasons To Buy A Home
Top 5 reasons to buy a home…
5. Freedom
To paint walls, remodel the kitchen and change the flooring, you’ll probably have to own the home.
4. Tax Benefits
U.S. homeowners can deduct mortgage interest, property taxes and some closing costs.
3. Equity
As you pay down the mortgage and the home value rises, you build equity which can be turned into cash!
2. Stability
Owning a home means a landlord can’t sell your house, send you packing or come over unannounced.
1. Pride of Ownership
There are ups and downs of homeownership, but even if it’s broken, it’s still YOUR water heater!
Shop mortgage rates now in the table below!
Happy house hunting!
Smooth savings on skin care at Sephora and Ulta
Hilarey here, editor of The Cashlorette, helping Sarah every day to empower readers to live their best lives for less.
The following post contains affiliate links for which The Cashlorette may receive compensation when a user clicks on those specific links or makes a purchase after clicking on those links. The products and/or services referenced and linked on this post are made at the sole discretion of the author, and the compensation received will never influence the content, topics or posts made in this blog.
Dry skin is a serious downer. And between the creams, balms and body butters, skin care products can cost a pretty penny. So the question constantly remains: How do I save and get smooth skin?
Who Looks At Your Credit Report?
Who checks your credit report?
Landlords
Bad credit can turn off prospective landlords. If you don’t pay your bills, they worry you won’t pay them!
Loan Lenders
Your credit report will be key in determining whether you get approved for financing and with what terms, including how much you can borrow and at what rate.
They look for everything from bankruptcies and recent credit card applications to whether you are currently delinquent on other loans.
Employers
If you give prospective employers permission to review your credit report, they can use it to determine whether you’re hiring material.
Auto Insurance Companies
It might sound unfair, but they think you’re more likely to file a claim if you have a bad credit report.
Credit Card Companies
They will use your credit report to determine your credit limit and interest rate. Once you have the card, they also monitor how you use it.
FHA loan: What is it and is it right for your first home?
Does a mortgage seem too financially out of reach for you? It doesn’t have to be!
No need to crash with Craigslist roomies for the rest of your life (*cringes*). If that 20-percent down payment just does not seem doable, no matter how much you penny pinch or squeeze out savings, a FHA mortgage might be the money move you need to make, STAT.
A FHA mortgage is insured by the Federal Housing Administration and offers more flexible lending standards and lower minimum down payments—real lower minimum down payments, as in 3.5 percent compared to the standard 10 percent or 20 percent. FHA loans also make mortgages more accessible for people with less-than-perfect credit.
The ultimate guide to being a financially fierce female
Women are strong. There’s no doubt about that.
Between casually continuing the human race, shattering the glass ceiling and pushing for equality, we’re pretty busy. And sometimes, it can be easy to let our finances slip. It happens to the most boss babes out there (myself included!) and getting back on-track financially can be exhausting when you haven’t stretched that savings muscle in a while. What’s a girl to do?
Follow these four simple steps, and you’ll be well on your way to building up your money muscle without breaking a sweat. Flex those finances, girl!
1. Slay at saving
The first step to becoming a money maven? Mastering the art of saving.
Great mortgages for every homebuying budget
Regardless of how much HGTV you binge (not judging), the homebuying process, and all the decision-making that comes with it, can be complicated. You might have the perfect subway tile picked out for the backsplash of your dream kitchen, but have you narrowed down which mortgage is right for you?
Whether your budget is more “Fixer Upper” (RIP) than “Million Dollar Listing,” your perfect mortgage does exist! Check out all the different types of loans, rates and sizes below before deciding which is right for your new home budget.
Types of home loans
Conventional mortgages
Conventional mortgages are kind of like the #basic babe of the bunch. They have fairly strict requirements when it comes to your credit score, the minimum down payment you need and your debt-to-income ratio, which measures whether you already owe more than you can probably handle.
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