Money Tips Network

Move over Meyers-Briggs, there’s a new personality typing trend in town. It’s called the Enneagram model. It essentially breaks down patterns in viewing the world and behaving into nine different types. It can be a helpful tool for self-reflection and understanding others.  We spoke with Ian Morgan Cron, the author of the bestselling book, The […]

The post What Your Enneagram Type Says About Your Financial Habits appeared first on The Simple Dollar.

Building a credit history requires having a credit card or loan from a financial institution. But it’s difficult to get started if you can’t open one of these accounts with any existing history on your credit report. When you need cash from a personal loan but have a thin credit profile, a no credit check […]

The post How to Get a Personal Loan Without a Credit Check appeared first on The Simple Dollar.

Before you start visiting open houses and bookmarking your favorite homes for sale, you should find out how much house you can afford — and what a lender is willing to let you borrow. You can get this crucial information through a mortgage prequalification. Too many buyers find the perfect home and are later shocked […]

The post What Is Mortgage Prequalification? appeared first on The Simple Dollar.

With president-elect Joe Biden’s upcoming transition into the White House, we may be closer to tangible student loan forgiveness than we have ever been. But regardless of whether Biden enacts an executive order or Congress passes legislation, loan forgiveness will be counted as taxable income. “Loan forgiveness might substitute a (smaller) tax debt for the […]

The post How To Avoid the Tax Bomb on Your Student Loans appeared first on The Simple Dollar.

Looking at your pay stub and seeing how much money is being withheld from your paycheck can be confusing and frustrating. You worked to earn a certain amount of money, then that pay is nickeled and dimed until your actual paycheck is much smaller. But how do tax withholdings actually work and where is that […]

The post Tax Withholdings and Savings Questions, Answered appeared first on The Simple Dollar.

You hear a lot about mortgages these days, but you don’t hear much about reverse mortgages. Reverse mortgages are a unique type of mortgage that’s limited in scope and who can qualify. Unlike a typical mortgage, which provides you with a loan to buy a home, a reverse mortgage lends the homeowner money from the […]

The post Reverse Mortgage: Pros and Cons appeared first on The Simple Dollar.

Current mortgage rates are low, making the path to homeownership a reality for a wide group of potential homebuyers. Not only are rates low, but there are many different types of mortgages to choose from that come with low rates. Conventional loans are the most common, but what is a conventional loan, and more importantly, […]

The post What Is a Conventional Loan? appeared first on The Simple Dollar.

The unprecedented pandemic brought the importance of savings to light by hurting millions of Americans who did not (or were unable to) prioritize saving over spending. Those who had three to six months of expenses were more likely able to weather the storm. But how, exactly, can someone put away enough — and maximize their […]

The post How Much Should I Have in Savings? Answered. appeared first on The Simple Dollar.

Refinancing your mortgage may help you cash in on interest rate savings, lower monthly payments and even get you access to your home’s equity. Before you move forward with a refi, though, you need to know what situations a refinance is ideal for. Mortgage interest rates are extremely low right now, so the talk of […]

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