Credit card debt can be bad, but it is often hard to avoid this debt with the possibility of many emergencies cropping up. So, what can you do? This article discusses four simple tips to consider while using a credit card to avoid debt: Keep a tab on your credit card payments Missing a credit card payment can affect your finances in more ways than you can imagine. Firstly, you will have liability for the upcoming months and will also need to pay the late fee, which is an unnecessary expense. A helpful tip to avoid credit card debt is to stay on track with your payments. Set reminders on your phone calendar or opt for automatic bill payments to avoid missing payments. These small efforts can save you a lot of money in the long run. Pay off your balance in full We get our paychecks monthly, so we follow a month on month cycle for everything from stocking up on groceries to paying off bills. Another tip to avoid credit card debt is to adopt this cycle for the credit cards as well. Keep clearing off your dues in full each month so that the amount you owe does not add up.

At some point or the other, you would have heard the words FICO score. This is the score that shows your credibility in the finance world. When you apply for a loan, your lenders will first check your FICO score to determine your eligibility. A good FICO score can also get you a loan with a better interest rate. So, if you are wondering how you can improve your FICO score, you need to know how to improve a bad credit score, because they are both linked. Learn more about your credit scores Most people have almost zero knowledge of how FICO scores work. This is quite a problem as the lack of knowledge means you do not know how to improve a bad credit score. The range of FICO scores is between 300 and 850. Any number above 800 is an exceptional score, and any score above 670 is good. At the same time, a score below 579 is poor. So, knowing the value of a good credit score will help you understand what you need to work toward. Know your credit problems After finding out what your credit score is, you should examine all your possible credit issues.

A reverse mortgage is a loan type that an individual gets when they have equity on their home. This equity can be used as a basis to get a loan from a financial institution, which can be accessed in one big amount or even as monthly payments. There are different types of reverse mortgages that are divided on how the money is received. If the concept of reverse mortgages is new to you, it can be confusing to understand it all at once. To help you out, here are the basics of a reverse mortgage: Easy access to funds A reverse mortgage is really suited to seniors who have no other means of income. The individual who needs the money can apply for a reverse mortgage and be financially independent in their old age by using their home as an asset. This means that they do not need to ask anyone for financing for medical emergencies or for their daily expenses. This gives a lot of dignity to them in their old age and is very good for the person applying. Constant growth of balance Many individuals wonder how a reverse mortgage is different in its terms from a normal mortgage.

When it comes to liquid assets, marketable securities are one of the most preferred investment options among investors due to the high liquidity they offer. Here, liquidity is the capability to convert the asset into cash. Marketable securities can be sold through a bond exchange and/or a stock exchange without any restrictions. When it comes to different types of liquid assets under marketable securities, there are two broad categories: marketable debt securities and marketable equity securities. Marketable debt securities are short-term bonds issued by a public company but held by a different organization. Marketable equity securities include preferred stock or common stock. Both these types of marketable securities are listed as current assets in an organization’s balance sheet if sold within one year. Let’s take a look at a few marketable securities that fall under these categories. Bonds Bonds are the most common marketable debt security. They are a helpful mode of capital for growing organizations. A bond is quite similar to a bank loan; it guarantees a predetermined rate of return, which is known as “coupon rate.” This rate is given in exchange for the use of the invested funds. Every issued bond comes with a maturity date, coupon value, and par value, which is the bond’s face value.

Going to college is expensive and any teenager who has a futuristic approach when it comes to studies will know this and will be prepared for it. When you are focused on your higher studies, you start preparing in advance. In fact, some students start saving as early as their teens, and this gives them an edge over students who start late. Student loans are expensive and can take years to be repaid, so anyone who has made an early choice of studying and has picked a college they want to attend would not want to go ahead with this option. There are several ways to avoid taking these loans, and one of them is to start saving from your teens. So, here are some tips for saving for college that students can follow right from their teens: Start early Starting early on is one of the most useful tips for students when saving for college. There might be no exact answer to when you should start, but starting in your teens is a great choice. The sooner you start, the more savings you will have by the time you are in college. At the same time, before you start, sit down with your parents and calculate the amount of money you will need to start college.