Which is better, buying vs. renting? This debate has raged for many years, with many believing it’s best to own a home rather than throwing money away on a rental you’ll probably never own. However, times have changed, and in many instances, renting can be the more cost-effective option. Buying also isn’t without its advantages.… Continue reading Buy vs. Rent: Is It Better to Rent a House?
Chances are you have at least one of both types of cards in your wallet, but which is the all-around better choice? When it comes down to a credit card vs. debit card, both offer benefits and possible cons. How much a card will help you or put you at a disadvantage depends on your… Continue reading Credit Card vs. Debit Card
If you’re budgeting for retirement, you may be wondering, “What’s the difference between a 401k and an IRA?” The main difference is that a 401k plan is set up by an employer, while an IRA is an individual account. Learn more about how a 401k vs. IRA compare and which is the better investment choice… Continue reading 401k vs. IRA: What’s the Difference?
If you work hard, watch your spending, and try not to overindulge, yet still find yourself short on money in the bank, you may be a victim of these five small expenses that prevent you from having a successful budget. These expenses slowly chip away at your money but often go unnoticed because they seem… Continue reading 5 Small Expenses Killing Your Budget
I love to cook. When you love to cook, you have to learn how to be methodical about your shopping for the necessary groceries. I wasn’t always good at this, but I learned through some trial and error on how to best budget for my shopping and cooking needs. You don’t have to go to… Continue reading Saving on Groceries: Use a Budget Planner
Working out how much you need to save for your retirement is absolutely crucial, and it’s a task that you should start to consider as soon as possible. Planning for retirement can be difficult if you get started late. Getting your financial ducks in a row and working out how much you’re going to need… Continue reading How Much to Save for Retirement
If you’re saving to buy a new home around Detroit or Romulus, building a balanced budget will help you get — and keep — a house you can afford so that you can enjoy your investment for the long-term. Here are a few tips to help you do that the right way. Apply for Mortgage… Continue reading How to Budget for a Mortgage
You may not crunch the numbers when it’s time to buy a new TV or couch, but once you start thinking about a bigger purchase, it’s smart to do some planning. Financially savvy Detroit drivers use a car financing calculator to plan for what they can afford before even stepping foot in the dealership, but… Continue reading How to Use a Car Financing Calculator
Traveling to Europe always seemed too expensive and unattainable for me until retirement or that winning lottery ticket. To my excitement, it is something I can cross off my bucket list at age 22. I am fortunate to have a full-time job and by using tight budgeting tricks (like joining a credit union to save on… Continue reading How to Travel the World in Your 20s
All over Detroit and beyond, people are wondering how to build their credit using a credit card. Whether you’re an aspiring homeowner or you’re just looking to get a better deal on a loan, having a healthy credit score is essential — although obtaining that can seem daunting at times. Fortunately, one of the best… Continue reading How to Build Your Credit With a Credit Card