Is Co-signing Right for You?

We have heard of someone needing a co-signer to get approved for a loan, but let’s take a look at what it means to be a co-signer.  A co-signer is someone who signs with a primary borrower in order to guarantee payment.   In essence, if the primary borrower fails to pay, the co-signer is agreeing that they will make the payment as originally agreed with the creditor.

Continue reading “Is Co-signing Right for You?”

Start Investing With a 401k

Let your money work for you!!

As you become more knowledgeable about your money, eventually you start encountering different information about investments. You start hearing things like, “let your money work for you.” It’s certainly appealing to think of your money making money for you while you are sleeping. That’s truly dreamy, isn’t it? One of the best ways to start this is to invest your money into the stock market. That can be very intimidating! There is tons of information available on how to invest in the stock market, but I have a much easier solution to get your feet wet with investing. As a young adult and/or a beginner to investing, one of the best introductions is a 401k with your employer.

Continue reading “Start Investing With a 401k”

Easily Build Your Credit Score with Credit Cards

Credit cards are an excellent way to build up your credit.  It gives you an opportunity to prove to creditors that you will pay them back.  To put everything into perspective, people will be more likely to loan their money to a friend who always pays them back when they agreed to.  That is the basic principle behind your credit and what creditors are looking for.  Are you trustworthy and likely to repay?  Most credit cards start you out with small credit card limits until you establish your track record.  There are two key factors of managing your credit cards that help you build up your credit score the most.

Continue reading “Easily Build Your Credit Score with Credit Cards”