What Is a Credit Report?

Your credit report is a summary of all of your reported financial history. Keep a close eye on this to make sure that it is accurate because it determines your credit score. Checking your credit report is a first step to achieving some of your financial goals. It’s a good idea to check your credit…

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What Is Interest?

The good, the bad, and the confusing! Interest can be your best friend (if you are earning it) or your worst enemy (if you are paying it). Interest is “the cost of money” you pay when you borrow (debt), or you earn when you lend (deposit money in a bank) money. Of course, our deposits…

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What Is APR?

Your Annual Percentage Rate (APR) is the interest you will pay over the course of a year. This doesn’t tell you how much you will actually pay if your interest is compounded in shorter increments. Our loans are usually compounded monthly, or for most credit cards, daily! YIKES! If you really want to know how…

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Four Myths about Personal Finance

There are a lot of financial myths out there that simply aren’t true! Making good financial decisions starts with having the correct information you need to make those decisions. I’m going to go through four common myths about personal finance to get to the bottom of those misconceptions. 1. “Paying rent is throwing away money.”…

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