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Have you been carrying a balance on your credit card because you think it’ll boost your score? Or have you delayed marrying the love of your life because you’re worried their credit score will drag yours down? The good news is you can pay off that card and marry your sweetheart because neither of those will affect your credit score. Curious about what will affect your score? Read on to find out the truth behind credit scores, and the truth about some common credit score myths. Debunking Myths About Credits Score Let’s check out the most common credit score myths…

If you’ve been with us for a while, you know that we talk a lot at TrueConnect about how Americans are struggling with money–staying out of debt, paying off credit cards, saving for the future, investing properly… Not until recently have many schools started implementing financial education into their curriculum. This is great for the incoming generation and future generations, but Gen-X and millennials and some Gen-Z, those who are in the working world now, are the ones who need the education the most. Financial literacy is something everyone should be talking more about, especially employers… Define “financial literacy”…

The Great Recession was a major economic downturn that affected the global financial markets from December 2007. From that month, until the end of the recession in June 2009, the GDP declined by 4.3 percent, while unemployment rose to 10 percent — this took a long-term toll on the economy. Some areas of the United States are still feeling the repercussions from the crisis and may never see an economic recovery. The Great Recession Then and Now The downward spiral to the Great Recession began in December 2007, after two consecutive quarters of declining economic growth. At this point, the…

Financial difficulties can be a huge stressor for employees during the holiday period, especially when they have added expenses such as travel, buying gifts, and keeping the pantry stocked with food. As an employer, there are ways you can help mitigate financial stress, at no cost to your company. The first step is to help employees recognize how to budget for the festive season. Advanced Financial Planning for the Holidays You can help employees maintain control over their finances during the holiday period in the following ways: Identifying Financial Pain Points Help employees to draw up a list of all…

Introduction What’s a greater option to present your youngsters that you simply genuinely care about them? Whether or not you prefer it or not, the one option to present your youngsters love and make them really feel loads welcome in a world that’s sure to frustrate and check them is by making it a bit bit enjoyable for them. Whereas grownup life will not be all about cash, consider me, your child will respect all efforts to make it possible for they don’t have to bear the extreme monetary burden. They may develop nicely in consolation and can obtain greater…

You wanna know one of the vital frequent complaints I hear from associates, readers, and anybody else I discuss to about private finance? “I can’t assist however have a look at my associates and really feel like they’re doing higher than I’m.” Individuals are inclined to really feel that their associates are making extra money, don’t have as a lot debt, or aren’t going through the identical monetary hurdles they’re. And they also spend hours caught compared, feeling jealous that they don’t have as a lot cash or feeling lower than for not being in a greater place financially. All…

Monetary wellness applications are right here to remain. Right here’s the proof: 86% of employers characterize monetary wellness applications as “essential” 42% say they provide monetary wellness applications 19% are within the strategy of implementing applications 19% say they plan to introduce monetary wellness applications throughout the subsequent three years. Over the previous couple of years, the variety of monetary wellness applications has been on the rise and this quantity is barely anticipated to extend over the course of this yr. Increasingly employers acknowledge the burden they carry with regard to supporting their workers’ journey to attain monetary freedom.…

Deciphering the market pattern is significant when buying and selling shares. Though monetary information movement can provide insights into market developments, it is best to familiarize your self with the instruments and analyses that may affirm your views. What’s a Development? The pattern signifies a specific route through which inventory worth strikes for a sure interval. It may be a short-term pattern or a long-term pattern. It strikes primarily based in the marketplace situation – bullish or bearish and is grouped as an uptrend, downtrend, or sideways pattern. An extended pattern shifting both upward or downward is extra noteworthy. A…

Shopping for property is a lifetime achievement, and far consideration must be put into it. First-time patrons are suggested to seek the advice of palma properties to know which options they need to prioritize when house-hunting. Some high issues to contemplate embody the placement, variety of rooms, and safety. Starting a house search is difficult due to the varied locations you need to go to. Most patrons slim their search by searching for homes inside a sure worth vary, and beneath, we focus on the highest components to contemplate when shopping for a home. 1. Have a Guidelines First-time homebuyers…

Investing has gained lots of curiosity not too long ago because of the publicity that billionaires reminiscent of Elon Musk and Jeff Bezos have been receiving. Many people need to make investments to try to attain that stage of wealth. In case you are trying to attain that stage of wealth, then you will should make some dangerous investments. Nevertheless, in case you are trying to make investments safely and construct wealth, then listed here are some investments that may allow you to obtain that. 1. Certificates of Deposits Certificates of deposits are investments that require you to deposit a…