Student loan debt is having a crushing effect on current students and graduates, whose college dreams often have turned into nightmares as they realize that the job and career for which their specific degree has prepared them is likely not worth the cost of obtaining it. There are over one million people each year who…
If you want to be successful raising a family, one of the most important skills you can develop is managing your finances. In the 21st Century, being a parent is more expensive than ever. A USDA report released in 2017 estimated that it will cost parents $233,610 to raise a child born in 2015. In…
I’m going to share with you the formula I’ve followed to become (together with my wife) a millionaire. But first, some context. The United States has more than 11 million households reporting a net worth of more than 1 million dollars based on the latest Spectrem Group Market Insights Report. That number represents about 8…
One of the primary factors lenders consider when you apply for a mortgage is your credit score. They normally use what’s called a FICO score, which is a number that ranges between 300 and 850. Lenders use this number to assess your trustworthiness, as it represents your recent and extended credit history. How you have…
Dave Ramsey is a popular radio show host, an author of several books about financial management and developing life skills. Besides being a great teacher, he is also, not coincidentally, a successful businessman and a devout Christian. His Financial Peace University course has been completed by over 4 million people. Ramsey’s formalized and systemized financial…
When you’re shopping for a home, one of the very first questions you’ll ask yourself is, “How much home can I afford?” I’ll answer that question for you in this article using the information lenders use to qualify you for a loan amount as well as some recommendations based upon my own experience buying homes….
FHA Loan Debt to Income (DTI) Ratio Guidelines FHA loans allow first time home buyers and others who are just starting out or who may be financially disadvantaged to purchase homes through a government assisted program that differs from conventional loans. To qualify for an FHA loan, the Federal Housing Authority requires that you meet…
The Simplest Financial Management and Debt Reduction Plan Ever The materialistic, super-indulgent world we experience today has created a very large demand for debt reduction programs, debt counseling careers, thousands of apps for managing personal and family finances, and a thriving market where millions of people make lots of money selling products to people who…
The Richest Man In Babylon is a fictional story with sound principles that have helped people become wealthy through their application. This first part comes from the part of the book “Seven Curses For A Lean Purse”. Heed the advice in each of these sections, and your “purse” will become fat and overflowing with wealth….
EveryDollar is a budgeting application that is used by millions of people and families to keep track of how they spend their money and to do other budgeting activities. The EveryDollar app is a comprehensive monthly budgeting tool, allowing users to enter and track income and expenses on a monthly basis so that they can…