The Biggest Money Mistakes to Avoid in Your 30’s

Family Time In The MountainsWe like to think there is plenty of time to get our financial ducks in a row. However, with all the things requiring your attention now that you are older, before you know it, you’ll wake up at forty and wonder where your thirties went.

Here are some financial pitfalls to watch out for and avoid in your thirties as you build the foundation for your forties and beyond to ensure that you are on track for a happy and successful life.

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How To Get A Perfect 850 Credit Score for Free

Get A Perfect 850 Credit ScoreA high credit score is more than a number to impress your golfing buddies or people at your office Christmas party. While you can brag about having an 800+ credit score to show off your financial acuity, a good credit rating does have a practical purpose.

Lenders use your credit score to determine how responsible you are with money and whether you will pay your bills on time. An outstanding score means you can get the lowest interest rates on credit cards, auto loans, mortgages, or business loans. It could even get you better rates on your car insurance.

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What is Net Worth and How To Calculate Your Personal Net Worth

Personal Net WorthIf you follow the news whether it is politics, business, sports, or even celebrities, you will often hear the term “net worth” mentioned.

A quick look at the headlines for the past month reveals articles about President Trump inflating his wealth by billions, Jeff Bezos being worth $150 billion, to Kylie Jenner being the youngest billionaire. Forbes Magazine’s Forbes 400 list of the wealthiest Americans is enormously popular and often referenced.

This brings up the question what exactly is net worth anyways?

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7 Biggest Money Mistakes To Avoid In Your 20s

Snow Covered MountaintopI was making small talk with someone earlier this month and we were talking about what age would be the perfect age if we could go back in time. I settled on the age of 25. What’s not to like about your 20s. For many of us, we’ve finally got done with school and started our first real job that’s not asking someone if they want fries with that. We are all bright-eyed and ready to take on the world and experience all that it has to offer.

Since your 20s are the foundation for the rest of your life, here is my personal advice on the worst financial mistakes that I think 20-somethings should avoid making.

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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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Fidelity Launches First Ever Zero-Cost Index Funds

Fidelity No Cost Index FundsWhen companies compete, customers win. This is no different in the financial services industry. Last month Vanguard fired their shot with an announcement that in August they will be offering nearly 1,800 ETFs commission-free for all online trades on their platform. Now Fidelity has responded with one of their own and it’s a doozy. This is a huge win for investors.

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