Robinhood is an online trading platform famous for its no-fee trades, and purely online presence. Now offering checking and savings. It was launched in 2014 by individuals (like myself) signing up on a “soft launch” list. This soft launch got us access to no-fee trades, albeit on a primitive looking platform and, before the rest of the population. It has grown incredibly fast and now has millions of users. The Recent History Robinhood was only accessible on your phone, but in early 2018, they offered another soft launch so that you could access the app on your computer. This made trading easier and people started to take the app seriously.…
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Can I Use A 0% APR Credit Card Offer To Lower My Student Loans?
Can I use a 0% APR credit card offer to lower my student loans? The short answer is yes but you need to really pay attention and take into consideration the one time balance transfer fee. Many credit cards offer balance transfers and one of those options is to balance transfer directly into your bank account. This allows you to use that money however you see fit. This option with a 0% into APR can allow you to save on interest by paying a chunk of student debt up front so it doesn’t accrue interest. Most of the time there is a transfer Fee of 5% of the transfer amount,…
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REVIEW – SAVOR CARD BY CAPITAL ONE
I applied for the Capital One Savor Card as soon as I saw it. I’m a millennial so I like to go out and spend money on restaurants and entertainment, that’s why it caught my eye. But there is so much more. Here are the positives and the negatives. Savor Card: Positive v. Negative Positive: Sign up bonus is $500 cash back when you spend $3,000 in the first 3 months. Negative: You need to spend $3,000 in the first 3 months and can pay the card off. Positive: Savor Card gives 4% cash back at restaurants and entertainment Negative: You shouldn’t eat out more if you can’t afford it. …
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STOP, MUST READ! Still Using Debit Cards Or Cash? How to Take Advantage Of Credit Cards.
You probably have heard that you can get 1% cash back on all purchases using credit cards but you think that it’s not worth the risk of opening a credit card. However, if you are already spending $10,000 a year on debit cards that means you are missing out on 1% or $100. Who doesn’t want a free $100. That’s just with 1%, if you follow these steps below you could be making a consistent 15%-20% which comes out to $1,500 – $2,000. So, let’s learn how to take advantage of credit cards. Here are the free steps that other websites want to sell to you, credit card companies don’t…
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Can You Take Me Higher? 5 Things to Increase My Credit Score Higher Than 700.
If your credit score is above 700, here are 5 things to keep inching it up. Alright, my credit score is above a 700, now what? How to increase my credit score… Answer: Keep building your credit score because, you may need it in the future and credit = money (see my article, How to use my credit score to make more money.) Here is a list of 5 things to do to keep building and refining your credit score. 1. Download Credit Karma and Log In. Monitoring your credit score is an easy way to stay in touch with your finances, think of it as having a scale in…
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Live In A Big City? Here Are 6 Things You Can Save Money On With A Phone Call
I have always lived in towns with small populations and only one cable provider. Now, I live near Dallas, TX which has a population of over 1.38 million. This area has a lot of businesses that support all these people and what I learned was there are more than just one TV, phone, internet, insurance or gym providers. This makes more competition, and with more competition the customer always wins. BUT ONLY IF THE CUSTOMER TRIES. There are many reasons why people don’t rate shop. They don’t have the time, they don’t think it’s worth it financially, they don’t know about cheaper rates, or they think that they are locked…
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How To Save Money: Pay Less Interest On Student Loans
A lot of people nowadays are carrying and working to pay off student loans. Here is the crazy thing, most people have paid and will continue to pay way more than need be because they haven’t read this article. You may know this already, or like most people, you may not. Big concept: when you make a required loan payment, it is divided equally between all of your loans. Now Lets Break This Down I want to start with the different types of student loan pay-back structures. Here is the government website which explain in detail the plans: https://studentaid.ed.gov/sa/repay-loans/understand/plans First there is the standard plan which are fixed payments over…
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Credit Card Debt, Car Loans, Student Loans? How To Use A Balance Transfer.
But only if it is a good deal. How to use a balance transfer. So, I recently learned about balance transfers when I received an offer from my Aviator Red Barclay card. The terms were, 0% APR (annual percentage rate) for 14 months, with a 1% one-time transfer fee or $5 whichever is greater. Normally, I see these deals and throw them out because they are rip offs, usually with a 5% transfer fee and 22% APR. But I noticed that occasionally, a good offer comes through and I should start paying attention. I started calling all my credit card companies to see what this balance transfer is all about. …
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Don’t Have an Online Bank Account That’s Making Bank…It’s Time to Get One.
When I learned that the inflation rate is around 2.9% a year, I started to freak out. this means that the money I have sitting in the bank getting interest of .01% a year is losing basically 2.89% buying power every year. The money I was saving I was actually losing. The crazy thing is most people were also in the same position as me, keeping their funds at a brick and mortar bank and only getting .01% interest. So, guess what I did? I switched my savings account from Chase to Barclay online saving. They give 2.5% interest on your money. Yes, that is correct, two-point-five percent per annum. …
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If Your Credit Score Is Below 700, Here Are 5 Things You Should Do…
If your credit score is below 700 here are 5 things to refrain from to get it to where it should be. There are people who believe the whole credit bureau system is a scam. However, the hard truth is your credit score is a reliable source from employers, lenders, housing, and creditors to determine the likelihood that a certain individual will pay what is owed, and on time. To understand how to build credit, first there needs to be an understanding of what hurts your credit. THINGS TO AVOID: Don’t let credit card companies lull you into financial disaster. It’s obvious and not at the same time, credit cards…
