03. April 2018

A robo-advisor refers to an online wealth management service created with the aim of providing automated and algorithm based portfolio management. Unlike other ways of wealth management, robo-advisors do not have human financial planners. All the management is done via computer programes and there is no human-human interaction. They use the same software as the normal advisors. However, robo-advisors only offer portfolio management as there is no personal aspect of wealth management. They...

01. April 2018

Do you know that a poor credit score has a direct effect on your savings? Credit score is usually used by lenders to determine if you are a good candidate to extend credit to. Having a poor credit score actually means that you are unable to pay your debts on time or you are not consistent with your repayment. Lenders don’t like borrowers who have poor credit score and they will do everything within their power to ensure that they don’t lend them money. In this article, we are going to give...

30. March 2018

Most people think that they need a lot of money for them to start saving. However, monetary prudence gurus maintain that the best way to set aside some fund for future eventualities is all about strict financial discipline. As such, this article highlights some tips for improved fiscal discipline. Keep reading to discover some top 7 list of expenses to cut to increase savings. Use public Transportation Instead Your Car While it is sometimes excusable to fuel your car for long-distance travel,...

28. March 2018

Financial security during retirement doesn’t just happen, it actually takes planning and commitment. How you spend your money now will determine the quality of your living standards when you retire. This means that if you make smart financial decisions now, then you will live a decent life when you retire. On the other hand, if you don’t plan for your retirement, then you will struggle with your finances when you finally get to retire. In this article, we are going to focus on what experts...

23. March 2018

Rent is an expense, but what about mortgage payment? Mortgage builds equity and unlike rent that never ends, mortgage payments have an end. So logically, you will be better of owning a home rather than renting one for the rest of your life. But the question is, can you afford to buy a new home with the current rising cost of real estate? The old rule of thumb says that you can own a house priced three times your gross annual income. This means that if you earn $100,000 per year, you can afford...

20. March 2018

When it comes to your money, how much are you saving? If you put some money aside every month into your savings for retirement, good for you-- but your next-door neighbor may not be doing the same thing. When it comes to savings, the results may very well shock you. So just how much is the Average American saving? Read on to find out! How Well are Americans Saving? Want the short answer? Not that well. It's not just that people are lazy, either; rising costs of living, layoffs, job reductions,...

17. March 2018

Becoming a homeowner is both a personal and financial goal many people work to achieve. The mortgage payment on a house is often times less than a monthly rent payment and when a house's equity increases, so does the owner's net worth. For most, the purchase of the home is going to be the largest purchase, and investment a person makes. There are many things needed to achieve the goal of home ownership, and one of the most important is a down payment. Simply put, a down payment is the amount...