15-Year vs 30-Year Mortgages – Which One Is The Better Choice?

Which Mortgage Term Is BetterNot many people can pay cash for a house these days. According to Zillow, the median home sale price in the United States ending October 2018 was $225,900. You are going to need a piggy bank the size of a house for that.

For most people, buying a home means taking out a mortgage. The two most common mortgage terms are 15-year and 30-year fixed rate mortgages. This brings us to the question of which should one go with that makes the most financial sense.

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Why You Should Never Write A Check For Cash

Giant Mountain of PenniesWriting a check payable to cash might seem like a good idea. It’s simple enough. You write out a check as you would normally except instead of a person or company in the “Pay to the order of” line, you simply write “Cash”. Then you write in the amount, sign your name on the front, endorse the back, head to the bank, and give it to the teller. A minute later you will be walking out of the bank with a pocket full of bills.

Sounds great, right? But even though you can write a check for cash, here are many reasons why you shouldn’t.

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All Credit Freezes Now Free For Everyone

Snow Covered MountaintopRemember last year when the Equifax data breach exposed the personal information of almost 148 million Americans? Thanks to that hack, Congress passed a new federal law in May to help prevent identity theft. Starting today September 21, 2018, that new legislation goes into effect and you’ll now be able to freeze your credit report for free at all three of the major credit reporting agencies.

Read about the new changes and how you can freeze your credit today.

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What’s The Difference Between Frugal and Cheap?

Don't Be A Cheap-AssIt has been said there is a fine line between being frugal and being cheap. Frugalness is perceived as an admirable quality. Cheapness is not. Tell your friends you saved a bunch of money on car insurance by switching to Geico and they’ll all be patting you on your back. Tell your friends you are saving a bunch of money on car insurance because you decided to cancel your policy and everyone will consider you a cheap-ass. Don’t be a cheap-ass.

What is the difference between frugal and cheap and how do you toe the thin line between the two without crossing over to the cheap side?

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Letting Your Parents Manage Your Money Is A Dumb Idea

Parents and Money ManagementFirst of all, if your father is Warren Buffett then you can disregard everything I say in this blog post. For the rest of us, giving your parents all your money to invest for you is a bad idea. It’s not bad because I’m saying your parents are going to steal your money or go invest it all on pumpkins. Our parents have our best interests at heart, but they are actually making it worst for their children.

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What Is An ETF and Are ETFs A Good Investment?

What Are ETFsAn exchange-trade fund or ETF is a basket of securities that tracks a particular index, bonds, commodity, or asset class. First created in 1993, ETFs have grown to over 2,100 funds available today just in the U.S., and over 6,000 funds worldwide containing over $4.5 trillion in assets.

ETFs have become very popular since they’ve become available. They are attractive to many investors because of their low costs, diversification, tax efficiency, and ability to be traded just like stocks. Read more to see if ETFs are a suitable investment for you.

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Money Market Accounts vs Savings Accounts: Which Is A Better Choice?

Money Market AccountsThe Federal Reserve has been increasing interest rates as the economy has been getting stronger. Yet the rates on your savings account at the local brick and mortar bank is still holding steady at a fraction of a percentage. You go online and see online savings and money market accounts offering rates over 150 times higher.

You start thinking about all the extra money you could be earning from your hard-earned cash, but should you go with a savings account or a money market account? Which is better? What’s the difference between the two accounts?

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A Million Dollar Bet On How Index Funds Are Better Than Hedge Funds

Million Dollar Bet Against Hedge FundsFor most people, professionally managed investing means buying mutual funds. For the wealthy, this may mean getting access to hedge funds, the exclusive investment vehicle available only to qualified investors. For outsiders looking in, hedge funds are how the rich get richer.

In 2005, what is possibly the greatest investor of all time, Warren Buffett offered to make a $1,000,000 bet with anyone that over ten years, a boring; low cost; passively managed S&P 500 index fund will outperform any collection of hedge funds. This is what happened.

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