Stacks of coins and wedding figurines on opposite ends of a seesaw

Article Summary: It’s smart to open a savings account in order to save money for a wedding. You have a few options for wedding savings accounts, including a traditional savings account, high-yield savings account, money market account, or a CD. You can contribute on your own or allow other people to make deposits as well. […]

Rising stacks of coins representing rising funds from home equity invested into stocks

Article Summary: You can potentially turn your home’s equity into more money by drawing on the equity to invest in the stock market. There are several ways to do this, including a home equity loan, a line of credit, a cash-out refinance, or a shared equity agreement. If you decide to use your home equity […]

Person notarizing a signed document

Article Summary: Many important financial and legal documents require signatures to be witnessed by a notary. This helps prevent fraud and ensures that the person signing the documents understands exactly what they are signing. Banks and other financial institutions deal with this kind of paperwork every day, so they often employ at least one notary […]

Person handing over a Amex or Chase credit card that has concierge services

Article Summary: Both American Express and Chase offer concierge services to some of their cardholders. However, American Express provides its own services, while Chase uses a third party (Visa) to provide concierge services. American Express also offers a dedicated concierge with its luxury Centurion card, but you’ll have to pay a very high annual fee […]

Woman counting dollar bills in her hands

Article Summary: A creditor is a person or entity who lends money, while a debtor is a person or entity who owes money. In exchange for lending money to a debtor, the creditor sets repayment terms on the borrowed money, and the debtor may have to pay interest. Sometimes debtors are not able to pay […]

Man sitting at a table holding documents and looking at a computer screen

Article Summary: Banks, credit card companies, and other financial institutions use your billing address to send you important communications about your accounts. Your address can also be used to protect you from identity theft. If your billing information is incorrect, or if you need to change your billing address, you can easily update it online, […]

Reference material for doing business taxes, pen, pad, glasses, post-it note, laptop

Article Summary: If you need an IRS form W-2 to file your federal income tax return but never received it, you don’t need to panic. You can try to track it down from your employer, contact the IRS, or file a substitute form. If you need more time to locate the missing information, you can […]

Construction worker sawing wood to build a shed

Article Summary: The cost of building a shed can range from a few hundred dollars for a small prefabricated shed to $5,000 or more for a custom-built model. The cost includes materials for the walls and foundation, labor costs, and finishing touches like lighting and paint. Many costs will be calculated by the square foot, […]

Man holding his credit cards, thinking about how to refinance his credit card debt

What Is Credit Card Refinancing?

Article Summary: Credit card refinancing is similar to other kinds of refinancing: You take out a new loan or credit card to pay off the old debts. Ideally, your new loan will have a better interest rate and repayment plan than your original debt. There are several methods of credit card refinancing that could help […]

Man shaking hands with car dealer

Article Summary: Though it’s often possible to buy or sell a car without having the car’s title in hand, you’ll usually have to provide proof of ownership. The exact documents required vary by state, so you should check with your state’s Department of Motor Vehicles. You may be able to request a new title, transfer […]

Couple smiling at a phone and holding their joint credit card

Article Summary: A joint credit card can be a good way to streamline your finances with a partner and accumulate rewards on your spending. But because both cardholders are responsible for making payments, you could be held responsible for the other person’s mistakes. This could hurt your credit scores and damage your relationship. Adding an […]

home with money stacks

What is Leverage in Real Estate?

Article Summary: Leverage in real estate is when you use borrowed capital to increase the potential return of your investments. Leveraging includes purchasing properties typically outside of your price range or purchasing multiple properties when you would normally only be able to buy one. There are risks involved, so make sure you understand the leveraging […]

Two businesspeople shaking hands with a smiling woman in a business suit in the background

Article Summary: Payment-in-kind (PIK) interest is an alternative to cash payments in which goods or services are used as debt instruments instead. Businesses often use PIK loans to preserve their cash flow when borrowing money. Loans that use payment-in-kind interest also give businesses flexibility by allowing them to adapt that PIK interest using partial cash […]

Close-up of a MasterCard on top of a Visa card

Article Summary: The number of points you can raise your credit score by opening a secured credit card depends on whether you are starting with no credit or trying to rebuild credit. By using your secured credit card and making your payments on time, you can improve your credit score on multiple fronts. Just make […]

Typing with credit card

What Is Available Credit?

Article Summary Available credit is different than your credit limit. It consists of the amount left to spend on your credit card (or cards) after you subtract the balance, and it is a key factor in determining your FICO credit score. You should try to maintain a high percentage of available credit in order to […]