Compound interest – everybody wants to know about it. The concept is quite simple really and anyone wanting to get control of their personal finances should understand it. When you compound the interest, what you do is you add back the accumulated interest to the principal. This effectively turns the earned interest into a principal [...]
What is Dollar Cost Averaging?
April 28, 2008 By Leave a Comment
What is the Prime Rate?
April 25, 2008 By Leave a Comment
What is an ARM?
April 25, 2008 By Leave a Comment
The primary concern when you are trying to apply for a mortgage loan is the interest rate. Most of the time, it is the interest that blows your principal loan into huge proportions, leaving your personal finances in shreds. There are various rates that are imposed on mortgage loans. You can choose the kind of [...]
Why Don’t You Want to File Bankruptcy?
April 24, 2008 By Leave a Comment
You might reconsider filing for bankruptcy. You can say that getting a root canal is way better than filing for bankruptcy. The problem with bankruptcy is that there is no hard and fast rule when to file for it. Oftentimes, the causes of bankruptcy are things that people may have not necessarily expected. It can [...]
Why Should You Start Saving for Your Child’s College Now?
April 23, 2008 By Leave a Comment
As a parent, it is very important for you that you give the best to your children. Oftentimes, you’d be dreaming of sending your child to college. This is not an easy task. Going to college means a lot of expenses. This takes a toll on your personal finance. So ideally, you should consider saving [...]
Why Should You Save Money?
April 22, 2008 By Leave a Comment
Nowadays, personal finance planning is quite important. One of the things that you can do in order to protect yourself and your family is to save money. Save! Most people are satisfied with living paycheck to paycheck. Some people do not have the money to save while some do not have the motivation to save. [...]
Where Can You Do Taxes Online?
April 21, 2008 By Leave a Comment
There is a saying that the only things that are constant in people’s lives are death and taxes. Taxes are inevitable. Great men have fallen because of unpaid taxes. This is why it is important that you regularly pay your taxes. Unfortunately, the word tax seems to correspond with the word confusion. People are panicky [...]
What Does Subprime Mean?
April 19, 2008 By Leave a Comment
Every once in a while you will come across advertisements on “all-time†low mortgage rates. Most of the time, these type of mortgages are given to people with good credit standing and control of their personal finances. But what if your credit score is not something that you can be proud of? How do you [...]