If you have a credit card or any other line of credit, then there is a limit attached to that card or credit line. Many people wonder if they should increase their credit limits or reduce them. Your credit limits are a key part of your overall credit score, so it is wise to know how they affect it.
Generally, these loans can be availed from payday and installment lenders and are small, ranging between $100 to $500. This amount is often enough to get you through those tough days when you need some cash to cover essential expenses. You just need a minute to make a loan request on a short, secure form that can be filled on your smartphone. Statistically speaking, more than 80% of the loan requests are approved.
Saving money is a habit that anyone can adopt. Even if it is just $25 a month, the amount will eventually add up. With increased earnings, you can gradually increase the amount you save. Sticking to your budget and cutting down on unnecessary expenses will help grow your monthly savings.
Make sure to set aside some savings for an emergency fund that can be used anytime there is a cash emergency or unexpected expense.
Are you ready for some of the greatest shopping deals of 2020? The Black Friday sales are back with incredible discounts on a plethora of products, including your favorite electronics such as TVs, tablets, headphones, and speakers.
If you are looking for items in supply, you can easily shop at your leisure. However, if you are after special deals, then you may have to get in line early before the doors open. If you are going to shop early or late on Wednesday, get yourself ready by changing your schedule to match your selected start time. If you do this a day or two in advance, it will be easier to get through your shopping day.
If your credit is in reasonable shape, you may receive some particularly good credit card offers as the holiday season approaches. Be mindful that the best way to use these offers is to lower your interest rate and/or consolidate your debt. It is best not to ADD debt because of a credit card offer. However, you do want to get the most savings you can when doing holiday shopping, and many people use credit cards for at least part of their purchases.
If you need immediate cash and have a low or poor credit score (less than 600), getting a loan from a bank or other financial business can be challenging. These traditional lenders require better credit scores and can take weeks, even months, to process a loan request.
Regulations require payday lenders to display interest rates (APRs) for loans, even though the loans are always for 30 days or less. This can be misleading as these types of loans are fee-based loans and not interest-based ones using a 12-month period.
This year, with the COVID situation, most of us have limited money to spend on gifts for our family and friends. So, before you start shopping, ask for ideas, and then make a list. Then, check prices online and determine what fits within your budget but allows you to get the most out of your money. You may also consider home-made products as gifts; they are often more valued and less costly.
If you do not have a well-structured and documented budget, now is the time to start. You still have the time to do it, and it should be something you do for a lifetime. Start by adding up all income you will have while unemployed. Then list all expenses and cut anything that is not essential.
