Monthly Archives: October 2019

All Bills and No Fun Makes a Very Dull Budget. Here’s How to Do Better

The term “fun money” means different things to different people. You might think of it as money for entertainment or eating out. It could be your growing vacation fund or the cash you hide from your spouse to support your shoe shopping addiction. The money you spend on a painting class or round of golf […]

This Survey Says 1 in 3 Americans Can’t Define These Basic Finance Terms

Surprise! It’s time for a pop quiz. Do you know what a 401(k) is? What does HELOC stand for? Can you name the three major credit bureaus? If you’re feeling a bit stumped, you’re not alone — a recent survey by GoBankingRates revealed one in three Americans don’t understand “simple finance terms and concepts.” The […]

The Difference Between Hard and Soft Credit Inquiries

If you’ve received credit offer after offer in which you’re “pre-approved” for a certain product, you may wonder how the lender made their decision. The insurance/credit card/mortgage company likely made a “soft” credit inquiry into your report without your permission, allowing them a glimpse of your credit. Soft credit inquiry In addition to those pre-approval […]