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Credit cards can increase your purchasing power, but how many credit cards are too many? There are both pros and cons of having multiple cards.
Continue ReadingSince these generations are firmly in adulthood and making grand financial decisions, it is important to understand their money management habits, as it will allow for better predictions of financial trends. An understanding of these trends can benefit individuals, businesses, and even government bodies.
According to the U.S. Census, 30% of single parents live below the poverty line. For a family of three, this means making under $21,960 per year. This is why it’s so important for single parents to create smart money habits in their everyday lives. By implementing the right habits, single parents can make a happy and comfortable life for themselves and their children.
Before 2009, you could pretty easily get a credit card at the age of 18. Now you can still technically have a credit card at 18, and it can even be your own account. But it has become harder to do so before the age of 21, except with one of the following two scenarios:
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.