Money Tips Network

If you feel like investing is a confusing topic, filled with tons of jargon and endless complexity, you’re not alone. According to a survey by Ally Bank, 61% of adults find investing in the stock market “scary or intimidating.” Compounding that problem is the importance of investing. From that same survey, a majority of Americans […]

The post The Best Free Resources to Start Investing appeared first on The Simple Dollar.

Not sure about whether your home purchase affects your credit? Here’s why having a mortgage can both hurt and help your credit score.

The post How Does a Mortgage Affect Your Credit Score? appeared first on The Simple Dollar.

For decades, I've been a proponent of habit tracking. Habit tracking sounds and feels nerdy to a lot of folks, so many people avoid it. That's too bad. Habit tracking is a powerful tool that can help you make better decisions about your life.

Let me share an example.

Over at Reaktor, Olof Hoverfält recently published a long piece about why he's tracked every single piece of clothing he's worn for three years.

That's right: For 1000+ days, Hoverfält documented every garment he wore. (And, in fact, he's continuing to document his wardrobe publicly.) Using the info he collected, he's now able to make better decisions about which clothes to keep and which clothes to buy. I love it!

Life is full of surprises, and some of those can impact your budget at an inopportune time. A surprise car repair, medical bill or other expense can cause you to think about simple, fast loans like payday advances. However, payday advances are detrimental to your finances. While they may seem like simple, fast loans, the […]

The post How to Find Better Alternatives to Payday Loans appeared first on The Simple Dollar.

Coronavirus may have stunted consumer spending, but despite decreases in economic activity, smart home revenues continued to grow in 2020, and experts at ABI Research call for a 5% increase by 2026. The smart home market is expected to top $317 billion in revenue. Jonathan Collins, Smart Home Research Director at ABI Research, calls the […]

The post Home Wellness Technology: A Smart Home Focused on Health appeared first on The Simple Dollar.

If you’re looking for a new mortgage loan, Figure Mortgage is one of the lenders that is available to you. Figure Mortgage first opened its doors in 2018, but by 2020, the lender had already reached over $1 Billion in loan originations. Using a combination of blockchain technology and artificial intelligence, applicants who work with […]

The post Figure Mortgage Review appeared first on The Simple Dollar.

Saving for retirement can seem intimidating, to begin with. It takes yet another slice out of your paycheck and simply thinking about how much you need to save can seem overwhelming. Then, once you finally decide to start saving, you’re hit with another problem: a seemingly endless array of confusingly-named options. Roth? Traditional? IRA? 401(k)? […]

The post The Different Types of Retirement Plans, Explained appeared first on The Simple Dollar.

Federal Housing Administration (FHA) mortgage loans have helped millions of people with credit blips, lower incomes or smaller down payments achieve the dream of owning their own home. But while FHA loans can be a great way for some buyers to secure financing on their homes, these loans come with a small catch: you’ll need […]

The post Guide to FHA Mortgage Insurance appeared first on The Simple Dollar.

No credit loans exist, but there are a few things you need to know about them. Though they often offer financial solutions, those solutions come at a cost, which can sometimes create a cycle of debt if you’re not careful. Because no-credit-check lenders don’t take borrowers’ credit reports into account when lending money, they are […]

The post Can I Get a Loan If I Have No Credit? appeared first on The Simple Dollar.