Loans and lines of credit (LOC) are both ways to borrow funds from a lender. But, what’s the difference between the two? When deciding which option is best for you, consider your reasons for borrowing.
Have you noticed that property values are higher than they were a year ago? If you are looking to do some home improvements, a HELOC loan might be the loan for you.
This day is a great reminder that it is never too early to start thinking about ways to teach your children about the benefits of saving money. Teaching children to save at an early age promotes financial healthiness in adulthood.
Once children are in elementary school they are ready to start learning about money management. This is a perfect time to start giving an allowance for chores and open a savings account at your local bank. One idea is to have two buckets-one for saving and one for spending. This helps introduce children to the concept of dividing their money so that some gets allocated to savings. Talk to your child about how much they are permitted to spend and how much they should save.