Safe Cars for Teenage Drivers

Teenage Drivers. Teenage Drivers Everywhere.

Your teenager just got their drivers license.  Now, they want to borrow your car to meet friends.  Soon, they’ll be working and they’ll need their own transportation.  The conclusion is now clear: You or your teenager will need to buy a car.  As a parent, you knew this day would come.  It’s…

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What Is a Debt Ratio used for?

what is a debt ratio used for?

While applying for a loan in the past, you may have heard the term “debt ratio.”  What is a debt ratio, and how does it affect your chances at being approved for the loan you need? A debt ratio, or, “debt-to-income ratio” is a ratio that indicates  the proportion of a…

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Giving time, money to causes

Giving to Causes

Each year, Americans donate hundreds of billions of dollars to various organizations throughout the world.  Donating to any worthy cause is just as beneficial to the giver as it is to the receiver.  Here are four good reasons why people should consider donating their own time and money to a charitable…

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How much does it cost to get Married?

how much does it cost to get married? monopoly

You really can’t put a price on love, but statistics show that the average wedding now costs $25,200 in the United States.  The ceremony and all it’s perks come at a hefty price tag, but from a financial standpoint, marriage isn’t such a bad investment in and of itself. Research…

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Why take out a personal loan?

Personal Loan from It's a Wonderful Life

In general, people take out personal loans because they don’t have available funds at a given moment for expenses.  For example:   You need to update your apartment or home, which can easily cost $10,000 or more.  Many people don’t have this kind of money sitting around that’s not  tied up…

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Maintaining Good Credit

Maintaining Good Credit from the Movie Trading Places

Like most people, you aren’t rich.  You can’t afford to pay for everything upfront with cash.  Fortunately, there’s an alternative… MAINTAINING GOOD CREDIT.  Whether it’s for personal expenses, a new car or a mortgage, credit is available to help with these important purchases. When the time comes to make a…

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Why do I need to save money?

Saving Money in Chicago with Breaking Bad's Mr. White

Why Save Money? You just got demoted at work due to budget cuts.  You’re making 38% less money than just one month ago. You’re late to catch the train and you drop your laptop, shattering it to bits. At home, the air conditioner is broken.  It’s 95 degrees out. After dinner,…

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Living on a Budget in Chicago

living on a budget in Chicago from the movie, The Shining

Each month everyone has income and expenses.  Some expenses are more important than others, which is why it’s important to have a budget. To live on a budget, add up your monthly income (after taxes), and add up your monthly expenses required for survival (rent/mortgage, utilities, food, gas, phone, etc.). …

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