How Will The New CECL Reporting Requirements Affect Me As An Investor?
Every bank’s financial reporting requirements include an amount that reflects the outstanding loans that are anticipated not to be paid back. Currently, the standard established by the Financial Accounting Standards Board (FASB) is based on the Allowance for Loan and Lease Losses (ALLL). It is primarily based on historical experience and does not look forward […]
What Are the Best Credit Cards for First-Timers?
Getting your first credit card is an important step in building your secure financial future. When considering cards to apply for, it is important to look at beginner-friendly credit cards that will allow you to build credit while learning how the cards work. You will also want to choose a card that will allow you […]
How Can Seniors Live More Affordably?
If the senior years are on your horizon, it is important that you start planning for your financial future now. Transitioning to a smaller fixed income will likely mean that you need to look at your budget to find ways to save money so that you can support your existing lifestyle. Here are three ways […]
How Will a Car Accident Impact My Finances?
Car accidents generally occur without warning and take place over the course of just a few seconds. However, those few seconds could have a significant impact on your long-term financial situation. The good news is that you may be entitled to financial compensation from the person or entity responsible for causing the crash to occur. […]
Am I Paying Too Much on Recurring Expenses?
Do you have too much month left at the end of your money? Or are you keeping your head above water but wishing you could save up for a vacation, a new car or a house? Getting a handle on your spending is critical to reaching your goals, and tracking your recurring expenses is a […]
4 Ways Small Businesses Can Triumph Over Amazon
Running a small business is never a small matter — and no one knows that better than small business owners. You have so many hats and you wear, most of them at the same time. When you are caught up in the day-to-day, it can be hard to focus on the big picture. However, it’s […]
What You Need to Know About the Reality of Living With Debt
It is not hard to see why so many people are suffocating in debt. While you may think that a little debt here and there will not hurt you, the truth is that it can become a significant hindrance to your ability to live the life that you desire. Here are three things that you […]
4 Myths of Living Debt-Free Busted
Too many Americans believe debt is a fact of life, but owing your financial future to banks and credit card companies robs you of financial freedom. Money gurus like Dave Ramsey earn a living counseling people who are desperate to ditch their debt, and if you owe, you can do it, too. Start by leaving […]
5 Things Most People Don’t Understand About Credit Card Contracts
In today’s credit-driven economy, it’s easy to forget that credit card agreements are binding legal contracts between you and the issuer. Most card holders know about interest rates, annual fees and other common parts of standard card agreements. It’s also valuable to learn about some of the other, lesser-known pieces of typical credit card contracts. […]
How to Use Personal Loans—The Smart Way
If you are reading this, you are probably interested in improving the way you manage your money. Sometimes when you want to make a major purchase you might find yourself without the full amount. That means taking out a personal loan. Read on to learn the smart way to use personal loans while reducing risks. […]
