Smart Track Your Financial Freedom
Credit cards are an integral part of financial management for many, but common credit card misconceptions can lead to poor financial decisions. Understanding the truth behind common myths can help you use credit cards more effectively and improve your financial health. Here, we address eight widespread credit card misconceptions and reveal the truths behind them. … Read more
Building credit is a crucial aspect of financial health while living in the United States, especially in the ever-evolving economic landscape of 2025. Credit cards, when used wisely, can be powerful tools for improving your credit score. Here are 17 best ways to use a credit card to build up your credit and have a … Read more
The economy in the United States strongly revolves around credit worthiness. Here credit cards are considered powerful financial tool. Credit cards are not just a convenience but a necessity for many when it comes to managing daily transactions, building credit scores, apply for various types of loans, and enhancing purchasing power. However, the decision to … Read more
China’s economy produced $22.5 trillion in 2019, according to the World Bank. That’s based on purchasing power parity which takes into account the effect of exchange rates, making it the best method for comparing gross domestic product (GDP) by country. Note China is the world’s largest economy. The United States is second, producing $20.5 trillion. The European Union is third, at $19.9 trillion.1 China … Read more
Many people use debt to fund purchases they would not otherwise be able to afford without saving for an extended period. While loans can be great financial tools when they are used properly, they can be great adversaries as well. To keep from taking on too much debt, you should understand how loans work and … Read more
Goal-setting is a vital step toward reaching financial success, especially when it comes to investing. Setting specific, achievable goals can help you to narrow your focus, create a plan, and stay motivated along the way. In this guide, you’ll learn the importance of goals, what makes a good investment goal, questions to ask yourself when … Read more
It can be very tempting to refinance your mortgage, especially if you can secure a lower rate. You have the potential to lower your monthly payments, pay off your mortgage sooner, and maybe even cash out some of the equity in your home. But closing costs and fees can quickly eat into any savings you might hope … Read more
A 20% down payment usually isn’t required to finance a home purchase, and most buyers who finance a home put down less. But the 20% down payment isn’t dead yet. In fact, a growing share of buyers are making down payments of at least 20% to compete in today’s sizzling market. » MORE: Navigating a … Read more
Owning a home brings a sense of pride and freedom that can’t be matched by renting. You aren’t bound by a landlord’s rules when you own your own home. Your monthly payments build equity. Buying a home may be the first step you take toward building long-term wealth. But it’s key to understand the pros … Read more
How you progress through a home buying transaction can vary somewhat depending on the real estate laws and customs where you live, but many steps are standard. You’ll feel more confident about your home-buying journey when you understand the chain of events and what’s required of you, as well as every other person who’s involved in the … Read more