How to Get a Personal Loan: Your Ultimate Guide

personal loan guide

Due to the rise of online lending, personal loans have become really popular over the last few years. TransUnion has been making yearly surveys and found out that the number of people taking out personal loans has increased by 18% since 2013.

More and more people are relying on personal loans to help them solve temporary financial issues. Especially millennials tend to use them as a way to finance their big purchases or consolidate debts.

So, if you’ve made a decision to take out a personal loan but don’t have enough information about the application process, here is the ultimate guide meant to help you get a loan.

Get a Loan

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Debt Consolidation as a Great Business Debt Solution

business debt consolidation

Debt consolidation is a well-known option that helps small business owners deal with the debt crisis. Sometimes it can even save your venture.

Everyone knows that economically weak countries often suffer from the increasing burden of debt. Similarly, people burdened by multiple loans can hardly pay all the debt installments in time. This puts them in a state of financial vulnerability.

Keep in mind that some solutions to such crisis may drag you even deeper into a debt pit. You have to be cautious and know exactly what to do while opting for any of them.

Bonus: Read how to make money during a bad economy.

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Making Money During Bad Economy

make money during bad economy

Investment is not a fair weather friend to you finances, but it can be an aspect of your financial portfolio no matter what the market holds. The only difference is where a smart investor puts their money in a bear market, or a down economy, as opposed to the choices of investment during a bull economy.

When the economy is down, it is time to think about long-term investments, since the investor can now buy up funds, stocks, and more at an impressively low price. In fact, a down economy is the opportunity to build and diversify your portfolio at a discounted rate.

Most importantly during these times, be sure to only invest funds you can afford to lose, in case of disaster. These methodologies describe how to make extra money, not create a new proprietary income. The higher diversity you manage during a bear economy, the lower your risk, and below you can find a list of ten diverse options to invest your money.

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Top 5 Points to Keep in Mind while Availing a Home Loan

tips for a home loan

Purchasing a house will become one of the biggest expenses of the entire life. The mortgage is the thing that you will deal with for the next years. Therefore, your attitude to choosing a mortgage loan and a lender should be as responsible as possible.

Five crucial things will help you to get prepared to mortgage and succeed in the repayment process. By following this simple guideline from Personal Money Service a loan referral site, you will manage to go through the mortgage without stress and unpredictable troubles.

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Steps to Help You Avoid Repossession of Car Loan

car loan payment

Have missed a car loan repayment and now worry about the consequences? It may happen to everybody. You don’t need to panic but remember to act fast.

Here is what you should think about. Thirty days after its due date your car payment may be considered delinquent on the credit report. And as you know, your credit score is important when applying for any loan or refinancing.

So, if your credit score is hurt, it can decrease your chances of getting approved for the future loans and refinancing your car.

Bonus: Read why you need to be careful with a long-term auto loan.

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Don’t Miss These Hacks to Save Money at Gap, Macy’s and Kohl’s

how to save on stores

A lot of people prefer to shop online as it can save quite a lot of time and money. This option is definitely much easier than to shop in stores.

However, if you know the secrets and shop strategically, you can find great deals and slash the price of desired items. This is another money lesson you need to learn before you’re 25.

Today we are going to share with you some of the greatest hacks revealed by Joanie Demer who works as a co-founder of The Crazy Coupon Lady. Keep reading to discover the most interesting and useful retail store hacks for Gap, Macy’s and Kohl’s.

If you use these tips, you probably won’t need to Google search: “loan places near me“!

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How Can You Save on Louis Vuitton?

save money on louis vuitton

Let’s talk about making expensive purchases. We often see something expensive we like very much but feel guilty because we know we can’t afford it.

When it comes to luxury, the name of Louis Vuitton is one of the first to come to your mind. As a result, this brand doesn’t often go on sale or come cheap.

Nonetheless, if you are careful and know some tips and tricks, you will be able to score major savings on luxury brands like this one. In this article you are going to find the best ways to save on Louis Vuitton.

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Financial Knowledge You Must Have by the Time You Turn 25

financial tips for young adults

There are two major pessimistic facts about the economy of the USA that everybody can hear often lately: inequality is increasing and the incomes are recessionary.

The table provided by the Quartz Media LLC shows that the average citizen of the USA hasn’t gotten a raise since the 1970s, and the gap between those who get high and low salary has been growing wider and wider over the last decades.

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Earn Scholarship by Learning How to Handle Money: Is It Possible?

scholarship at personal money service

If you are a student looking for awesome resources to pay for the college, the scholarship is a great option. Who doesn’t like free money?

There are different ways to earn scholarship money but most programs have application processes with certain demands. Usually, students are required to submit quite a lot of information including GPAs, transcripts, test scores, resumes, and so on.

Some scholarship programs may even ask you to write several essays and grade requirements, while others don’t demand any essays at all. All in all, why not try it when you don’t have much to lose?

Bonus:

Here is how teens can now get an easy scholarship for just learning how to handle money.

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How to Retire in Your Late 40s Having 500,000 Dollars

early retirement tips

No matter how old you are, like all adults you have probably had thoughts about retirement at least once. We all understand that dealing with this issue is inevitable and we try to think through how to save enough money to keep enjoying the life in later years.

Another important thing about retiring is when to do it. Everybody has probably heard amazing stories about people who retire before turning fifty and it seems absolutely unbelievable. You probably wonder how they manage to pay for a living for a few decades after making this step.

There are always different options and we decided to check how it is possible to retire in early age having five hundred thousand in savings. If senior care is not for you, keep reading to find out if the strategy of an early retirement really works.

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6 Quick Tips to Budget Your Money with the 50/20/30 Rule

how to budget right

If you are new to budgeting, it can often be overwhelming to figure out how to manage your finances each month. Whether you are a recent college graduate searching for your first job or a parent with three kids, the 50/20/30 approach can significantly help you assess your budget.

Not only you should organize, but also you must make hard decisions about how and where to spend your cash. You can’t always count on the experience and learn from the mistakes of other people because your own expenses and finances are unique.

In this article, we will share with you how you can use this 50/20/30 approach to help you see the big picture of where the money is going and how you can change this situation. You will learn a new approach of how to break the budget down to three buckets.

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Review of Extended Car Warranty Services

auto warranty

No matter what type of auto you are going to buy – used or new – the dealer and the manufacturer warranty will only work for about five to ten years or from 50,000 to 100,000 miles.

It will only depend on the time when your auto warranty will expire. On the other hand, an extended auto warranty can result in better and longer coverage of your vehicle that will go far beyond the pale of manufacturer warranty.

Here are our tips and reasons why you should consider turning to the extended car warranty service and what benefits you can get.

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Where Can I Get a Personal Loans Near Me?

loan places near me

We’ve all been there when you have a financial emergency you need to deal with. You may either need money to get your car repaired urgently, boost your business or for some reason. And what if you have not the greatest credit score?

Then, your chances to get an instant help are melting away. You may ask yourself “where can I find personal loans for bad credit near me?” It may be a good idea to search for the suitable lender locally. But why don’t you consider online options? Maybe short term loans online are what you need. Let’s find out.

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Useful Tips for Savvy Easter

easter money saving

Easter is one of the most favorite holidays for both kids and adults. As we all can see, time is running fast and the holiday is coming already in a little bit more than just one week! Every holiday makes us happy and excited but there’s also the other side.

Most people think that having a good time and buying all the necessary Easter items requires a lot of money and  they have to break an emergency fund to make all the necessary purchases. Our financial experts are ready to help you with advice and to prove that celebrating Easter can be affordable! Continue reading to get to know how to save money and buy everything you need.

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Living Below your Means: Not as Hard at All

live within your means

Unfortunately, financial problems are a part of life and sooner or later everybody face them. But while some people can’t get out of a debt cycle, others try to live within their means and have a need to deal with money problems quite seldom. The question is: how to make your lifestyle frugal and learn to live with what you have? Is it necessary to sacrifice by something to get your financial life in order?

Is it possible to leave all your bad spending habits aside and manage money wisely? There are a few tricks proving that frugal living doesn’t demand great sacrifices. Besides, you can always learn from the best. Find out more about everyday life of frugal billionaires.

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Optimal Way to Calculate the Minimum You Can Retire With

how much money do you need to retire

So, how much do you need to save to retire? Can you retire with $1 million dollars, for instance? The answer is “yes”. However, you may also retire with more or less money.

What is more, it can be pretty complicated to retire with $10 million dollars. It all depends on the personal situation. Thus, for different people potential minimum varies. The only thing that is similar is that nobody wants to make their retirement years a struggle for existence barely being able to make ends meet.

The majority of financial advisors state similar number, which is also called the holy grail of the retirement analysis: the 4% sustainable withdrawal rate. So, you can withdraw this amount of money and still consider your portfolio to last over 30 years.

This is the easiest way to define how much you need to save for the desired retirement and how long your retirement money will last.

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Advantages of Repaying Your Debt with 401(k) Plan

no debt problems

Did you know that college students usually graduate with about $25,000 in student loan debt? Statistics shows that about 1 million graduates have debts after graduation, which can be higher than $50,000. Having such big debts it may be tempting to withdraw funds from your 401(k) plan as it seems they are just collecting dust until you retire.

In this article, we are going to share with you some useful tips on how to pay off credit card debt and when repaying the debt with 401(k) account makes sense.

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Why 0% Credit Cards Aren’t the Best Choice Sometimes

credit cards with 0%

It’s hard to find someone who wouldn’t like to get something for free. As for interest rates and loan deals «0» is a magical number and that’s why consumers literally chase after such offers. Most of them think that there’s nothing better than interest- free credit card.

Quite often people use such cards to deal with the massive debt they have. Opportunity to use the money within definite time period attracts many but not everybody knows that when interest free period will be over then high interest rate will be charged.

Consumers must understand that there’s nothing the credit company will do without making its profit. If there’s something for free then start looking for downfalls.  In any case, there are lending products which are good alternatives to interest-free credit card.

Bonus: Learn how to get free money from the government.

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How Personal Credit Score Can Impact Your Business

personal finance and business

On one hand, the majority of entrepreneurs view business credit as a tool that may help their business expand and grow much faster.

On the other hand, credit may be a hard concept to master. Sometimes things get even more complicated and the business can’t stay afloat when it comes to applying for business credit.

Did you know that your business’s credit approval depends on your credit score and can either be hindered or improved by it? In this article, we are going to talk about a few cases when business credit can be influenced by the personal credit history and score of entrepreneurs.

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How to Renew Car Insurance Policy

renew car insurance
Photo credit: turtlemint.com

Motor insurance has become a compulsory legal requirement recently. One of the most important parts of car purchasing process is selecting a suitable auto insurance or non-owner car insurance policy.

There is a great number of companies providing insurance services that it becomes more and more difficult to choose the appropriate one from a wide variety of products presented in these companies. How can a regular car owner make the right choice without having certain knowledge and applying some useful tricks?

In addition, it’s a continuous process that needs to be renewed every year. In this article, we are going to help you receive the best car insurance quotes in order to save your money.

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6 Champion Ways for Budgeting Money as a Teen

 

money mamaging tips for teens

Being a teenager can be challenging, especially when it comes to personal finances. Many teenagers still rely on their parents and are financed by them.

However, it’s significant to make your children learn about budgeting and saving while they are still young so that they will appreciate the sense of financial responsibility in their adult life when money becomes a much more serious concern.

If you are a teenager having a part-time job, it will also be beneficial for you to learn some budgeting tips and tricks that will help you make the money last between jobs and save for something you want to purchase. Here are the steps you should make.

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Hamilton Musical Became a Trap for Billionaires

broadway show scam

Big news has taken first places in newspapers and current events recently. “Big names” were spotted in the Ponzi scheme with hit Broadway musical “Hamilton”. The same “big names” invested a pretty penny in the blocks of tickets and were promised to get money back plus 10% surcharge. Now, these billionaires demand money back.

Among the “big names” are Paul Tudor Jones – an American investor, hedge fund manager and Michael Dell – an American business magnate, investor.

According to the informed person, more than 125 people joined this list. The Securities and Exchange Commission reported that scammers managed to end up gathering over $81 million.

In fact, it’s not a commonplace that art-lovers, experienced highly skilled investors are involved in such suspicious deal. Still, the fraud is the fact. The victims still demand their money back. “The suspected” is the most interesting part.

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Best Personal Finance Apps You Have to Try in 2017

best financial apps review

Budget management isn’t always easy. Furthermore, all operations connected with money often require particular attention and extra tools. Finance software can become a useful assistant in the finance management. It’s only important to pick up the right app.

There are plenty of them on the Internet. They differ as they were created for people with different tastes. In order to choose the best budgeting software, you should try at least a couple of them. Personal Money Service made a list of the most reliable and comfortable software. So, you should familiarize with them and choose the best one for you. Professionally designed programs will definitely organize and stimulate you!

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5 Tips to Help You Save on Expensive Senior Care

save money on senior care

If you haven’t saved a million for a retirement, then this article is for you. Senior home care is one of the burdens that most American families caт hardly deal with. Financially supporting either themselves or their aging parents or relatives often becomes an actual challenge.

The cost of services in senior care centers can reach the point of almost $7,500 per month. But even in-home care is not a super cheaper alternative – the nurse would take from $15 to $30 per hour.

Many people think Medicare is supposed to cover bills for senior care. The truth is, it won’t. The long-term care insurance is actually the only type of insurance able to take care of most senior care expenses. However, applying for a long-term care insurance is not common for most of the Americans because of its larger payments.

If taking a long-term care insurance is not an option for you, don’t panic. There are some ways to keep the cost of your senior care much lower.

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The Greatest Financial Frauds of All Time

biggest frauds in finance

Financial scandals have taken off during the last decade, with the new frauds yielding billions of dollars worth of illegal profit. However, the history of these frauds is much longer than you might think. Instances of the largest financial frauds are far from developed modern markets and can be dated back to the unpleasant sale of the Roman Empire in 193AD.

In spite of increasingly strict laws aimed at fighting frauds and with government agencies trying to enforce those laws, the world hardly witnesses any decrease in the number of financial frauds. Quite the contrary, its number is constantly growing. Let’s look at some of the world’s biggest financial frauds a little closer.

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How To Combine Finances After Marriage?

joint finance

You’ve already used our wedding tips to save money. It’s time to learn that in the modern world, personal budgeting is a huge responsibility for married couples. More and more newlyweds choose to combine their finances in order to share the most frequent expenses everyone is most likely to meet during after marriage.

Therefore, creating a joint account is very convenient when it comes to paying for rent, utilities, and other bills together.

If you and your partner want to learn how to combine finances after marriage, consider the following points:

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5 Ways To Help You Make Money With Photography

make cash on pic

Are you a freelance photographer? Or maybe you’re an amateur willing to earn some cash on your hobby? Either way, you should know there are many opportunities to earn money as a photographer both in the real world or the Internet.

PersonalMoneyService have gathered 5 most efficient ways how you can start making money with photography in times when you are short on cash and customers. Just keep reading!

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4 Useful Websites For Your Personal Finance

We’re quite used to the Internet and usually don’t even notice how often we use the worldwide network for our routine operations. The availability of information made it possible to learn everything online.

Managing your personal finances isn’t the exception. If you have a real interest in getting more knowledge about money management and budgeting, then the following Internet websites can come right in handy for you. We’ve collected 4 most useful and effective personal finance platforms to make your monetary goals easy-reachable.

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How to Refinance Student Loans?

student loan refinance

Student loans have been in demand for the last few years. Herewith, the overall student loan has now reached the point of more than $1 trillion. From the one side, students have no other choice but taking a huge loan before they can actually start a perspective and a well-paid career. This would help them earn more than they invested in their education.

From the other hand, it creates a lot of questions around the procedure of receiving a student loan since there is no particular guarantee that students would be loyal to their college debt payments in the future.

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Debt Mistakes Everyone Makes

get out of debt

A lot of people have experienced difficult situations when they urgently needed extra financial help. For instance, you’ve spent a fortune on Christmas presents to all the friends and relatives. Or you’ve splurged too much on product advertising. In the case of any financial emergency, the most common misstep is maxing out the credit cards.

Everybody can make debt mistakes. The crucial thing here is what you should do once it happened. In this article, we will share with you the tips of three personal finance experts on what debt mistakes they’ve experienced and how they managed to overcome them.

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Tips and Games to Teach Kids about Money

teach kids about money

Nowadays only several states in the U.S. have obligatory financial literacy and personal finance classes at the high school level. Of course, it’s a drop in the ocean, as teaching kids financial literacy should start at home but not at school. Do you agree that parents must teach their children about money? If your answer is “yes”, then keep reading in order to find out some fun games to teach kids about money.

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How Much Money Can You Make on YouTube?

tips to make money online on youtube

You have probably heard that so many people make six-figure income on YouTube. How do they manage to do this? You should be creative in trying to find your own way how to make money using the YouTube Partner Program. In this article, we will share with you some of the greatest advice that every person can follow and earn an additional income on YouTube.

Bonus Articles:

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Personal Finance Advice for Travelers

money tips for travel

This article is going to cover some of the most common and widespread finance strategies that everybody knows but rarely uses in real life. Don’t let them skip from your mind, apply these ideas and get ready to see wonderful results. Here is a list of those tips you need to apply in order to manage your personal finance.

Bonus article: Learn top 5 personal finance books!

Buy Travel Insurance

It may be a good idea to purchase travel insurance as it covers almost all the unforeseen events that may happen to all of us at any time. In fact, you can insure your airfare, the hotel costs or medical assistance. Single category plans are much cheaper, so you can decide on one of these plans if you are on a budget. There are so many possibilities of emergency when having travel insurance can literally save your life.

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All You Need to Know About Travel Insurance

buy travel insurance

We all know how difficult it is to choose the best travel insurance that you can actually trust. Nowadays, there are so many insurance policies and plans to choose from. Travel insurance plans depend on various factors from the age of travelers to the trip cost. We are happy to share with you some helpful tips on how to make your decision and choose the right travel insurance.

Also, find out how to choose your health insurance plan!

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What Happens If You Miss Your Student Loan Payments

student loan debt consolidation

It’s not a good idea to ignore your finances as it may lead to crazy fees and penalties. Students usually don’t realize it at once, but over the years, they will have to learn it the hard way. In this article, you will learn about what may happen if you’ve ignored your student loans, and actions you need to take immediately.

It can be really tempting to forget about loan monthly statements and let them get lost in your email inbox or among other bills. However, you should bear in mind that not paying your student loans can have long-term harmful effects on your credit as well as on your monthly paychecks.

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The Review of the 2016 Home-buying Season

buying house tips

The holiday season is over, but the home-buying season is quite the contrary. Let’s remember the predictions for the outgoing year, review the 2016 home-buying season and try to assume what it all means for 2017.

Customers Want “New” Homes

In comparison with the previous years, the good news is that customers want to buy their own home, so the sales of newly built homes are better now.

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Traffic Schools Save Money… and Lives

find traffic school online

Sometimes vehicle becomes a reason of the great financial expenses. Wait, it’s not about the vehicle, it’s about the driver. Unfortunately, the habits of most of the drivers often don’t fit the standard driving norms.

Exactly for this purpose, driving experts create traffic schools. Basically, traffic school is an institution, which educates drivers and stresses the importance and profit of the defensive driving.

Just imagine. The increase of the car accidents in California is 31% since 2014. 250,000 car accidents are caused annually in Florida. These states are considered to be especially dangerous among the USA when the experts are talking about the car accidents.

Florida traffic school union as well as California traffic school one has launched different profitable programs for extreme drivers.

Most of the handy programs are available in other states. The activity of traffic school shows positive results. But what influence does it have on your pocket?  Personal Money Serves sorted it out!

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6 Basic Things You Must Know About Bitcoins

pay with bitcoins

More and more people admit they have somewhere heard about Bitcoin, yet 90% of ones knows nothing about this phenomenon. Whether this term carries no meaning to you as well or you’re intended to learn more about Bitcoin technology, our blog writers from Personal Money Service would gladly list down 6 most essential things you have to know about Bitcoin.

So how this technology may be beneficial for you while doing purchases online?

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How to Make Money by Blogging on LinkedIn

tips to make money with LinkedIn

Are you ready to earn money with LinkedIn? You might be shocked now but LinkedIn expands the opportunities for its clients. Now the smartest users of this powerful network can make money by blogging!

Yes, there are so many articles about earning money online. Still, we have made a research, analyzed the offers, brainstormed fresh ideas, and organized all of them in this article. If you are ready to enter a new path of your life, keep on reading.

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Online Defensive Driving Course Helps to Save Money

defensive driving school

If you have a car, you have definitely heard of the online defensive driving course. In fact, it’s the type of the driving course, which teaches drivers to drive carefully. Generally, the founders are going to minimize the risk of car accidents. The statistic shows that most of the founders really achieve this goal.

The defensive driving course can be a barrier between you and extreme driving. Therefore, it becomes your life buyout. Moreover, it indeed helps to save money! How? Personal Money Service reveals the secret!

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Real Estate Taxes: How to Cope with It?

do tax for your real estate

When losing the dear person, besides deep emotional experience, we often have to deal with official financial affairs. The disposition of the property stays beyond the most important businesses.

If your name is mentioned in the will, you will definitely cope with the estate taxes. Estate taxes are a kind of a tax on the transfer of the estate of a deceased person. This tax is levied on the value of the estate of the deceased person after deduction of the unliquidated obligations.

This issue might seem unintelligible for those, who have never dealt with it before. Still, you mustn’t ignore estate taxes. Keep on reading to find out the main basis of this financial question.

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Things to Know about Low-Interest Personal Loans

personal loans with low interest

Americans are so used to take loans and credits during their life that it has recently emerged a frequent tendency. No matter what reasons made you apply for a bank or other financial institution, you can always be offered a low interest loan.

A personal loan with low interest rates is quite a convenient option for people planning to take a long-term loan. This option is winning only if you have excellent credit records. In case of poor credit rating, there’s hardly a chance to receive this type of loan unless you are ready for a collateral deal.

Not only does your credit history matter – in fact, you should meet several more criteria that higher your chances to get approved the lender.

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Men vs. Women in Questions of Personal Finance

who manages finance better

People understand that men and women have the inclination to think differently about lots of things in life. A recent study made by LIMRA, worldwide learning, research, and development organization, showed some of those differences including financial decisions.

To nobody’s surprise, this study highlighted that men differ from women in both financial planning and in the decision-making process.

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Online Companies to Get the Best Personal Loan Rates

best-rates-personal-loansEvery person may find themselves in a difficult financial situation when even the small financial help can be crucial. You may need some money to pay off the credit card or any other debt.

If you want to get low-interest personal loans for a bad credit, the most effective and the fastest way is to apply for a balance transfer. Try to get it with nearly 0% rate.

How to Choose Balance Transfer?

There is a lot of information about pros and cons of balance transfers, so be sure to check it out before you apply. You will find out that balance transfer is not perfect for every person, especially when you have a bad credit score or in case you want to borrow cash.

Another great thing is getting a personal loan with a set rate and payoff period. In this case you don’t even need to have a perfect credit score. Nowadays, a number of new online lenders offer attractive deals and personal loans with low interest for people with good and excellent credit.

Try the following tip and apply for a few personal loans at once to check rates.

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6 Ways to Get Free Money from the Government

free money from the government

If you conduct some research, you will most likely find numerous government-sponsored programs, which give free money for senior citizens, for health care insurance, for single mothers, 101 student aid or even rehabilitation from natural disasters program.

Basically, it is not always you who always need to find ways to borrow money online. Keep reading to find top government programs that can give you money for various needs.

Money from Previous Pension Plans

Sometimes it happens that the company you have been working for went bankrupt or became an acquisition activity target. In this case, people are more concerned about finding the new job rather than making inquiries about their existing pension plan. And after some time passes, it even vanishes from their head completely.

However, you can still count on Pension Benefit Guaranty Corporation. They have a big database where you can check whether you could have been associated to any pension plan or if you have disregarded one.

  • Visit pbgc.gov and check all the available plans.

Money Owed to You

This option may sound really surprising or even shocking when you first hear about it. But according to statistics, there are millions of dollars from the government waiting to be requested every year. If the statistics are correct, the unrequested money has its rightful respective owners, but for some reason, they don’t know about that.

For instance, this money can appear when you put it to your utility as a deposit and later forgot about it when you changed your locale.

  • Visit unclaimed.org to find more information about any possible unclaimed money owed to you. This website is run by the government and will assist you with potential unclaimed money.

Helping out with Foreclosure

We know life is becoming more and more difficult, so a lot of people have to tighten their belts in order to make ends meet. The number of people suffering damage caused by foreclosure has increased dramatically over the past years. It’s certainly not a condition we wish you to find yourself, however, if such a disaster has already happened with you, don’t give the way to despair.

You may feel quite unlucky at the moment, but we promise there are other options you can resort to. For example, a Home Ownership Preservation Foundation program (HOPE) from the government is able to provide all the necessary help for you to make a plan how to preserve your home.

  • Go to 995HOPE.org to find their details and more useful information.

Money to Buy a House

The US Department of Housing and Urban Development (HUD) provides help in different aspects of home ownership. In other words, you get free money from the government for selling, buying or repairing the homes.

Moreover, you can get more than just expert advice or opinions from this organization. They actually give people real money for closing costs and down payments.

  • To get more detailed information of this kind of governmental help, visit HUD.gov.

Health Insurance for Kids

If you are a parent, you obviously know what kind of rip off paying for your kid’s insurance can be. It was always a problem, however, these days health insurance costs are even more damaging for an average family budget.

A good thing to know is that there exists a general health insurance program for kids at the governmental level. This program takes care of hospital stays, drug prescriptions, and doctor visits and covers the majority of expenses concerning the health of your kids. The only admonition is that the parents have to be working.

  • Go check InsureKidsNow.gov to learn more about this opportunity.

Money for Energy Bills

get money for paying electricity billsThere are lots of articles and information about how to save your money and deal with the energy bills. Storm windows, good insulation or weather-stripping make your home much more energy efficient. In the wide sense, promoting US citizens to become more energy efficient can help to decrease energy consumption in the whole country and therefore save natural resources.

For this particular reason, US government together with the Department of Energy has developed a plan called Weatherization Assistance Program.

According to it, the government is going to give money to any person, who is willing to make their home more energy efficient.

P.S.: Stay with us and you will learn even more insane facts about money and where you can get it.

10 Insane Money Facts That Will Make You Cringe

interesting facts about money

In the inevitable pursuit of money, often we don’t realize what secrets our cherished dollar bills hold. The first money in form of coins is considered to appear before Christ but how much do we know about it today?

Money, which we use daily, keeps thousands of secrets as they are passing from hand to hand and this process seem to never end. These top 10 facts about money will change your attitude to treasured banknotes forevermore!

Money Pose Real Threat to Health

Unfortunately, money doesn’t linger on our hands for too long. The constant circulation of banknotes from hand to hand causes the constant circulation of different viruses and bacteria! Medical specialists made it clear that money contains such dangerous microorganisms as staphylococcus!

There is no need to list the detrimental effects of this germ. 94% of all dollar bills contain viruses, which remain active during 17 days.

But that’s not all! One of the most controversial is the assumption that money contains traces of cocaine. Remaining a hypothesis for a long time, now this fact is scientifically proven by the University of Massachusetts in Dartmouth. The research of their specialists revealed the shocking truth – 90% of dollar bills (released in 2009 and later) contain cocaine traces! While money is considered to be a magic key for a better life, it still has dirty secrets.

Pickled Secrets of Coins

coinsWhat do you prefer for an appetizer – pickled cucumbers or onions? Maybe trying pickled coins also makes sense? It may sound ridiculous but the well-known coins, dimes, and quarters are marinated too!

The concept of marinating isn’t a joke. Coins are usually pickled in the special chemical substances for polishing and cleaning their surface. It makes the surfaces of coins and dimes suitable for different faces, letters, and numbers printed on them later.

Money and even coins have the specific period of exploitation. So, it is probable futile to hope that our favorite coins will come back to us one day after a long travel. All banknotes and coins are recycled into new rustling and clinking bucks and coins. The waste-free production is a necessary prerequisite of the future.

Too Much Money

Today reality makes us facing the impressing and shocking numbers – the revenue of different worldwide companies.

  • Apple is one of the most successful and staggering companies in the whole world, which earns approximately $300,000 per minute. 60400 Apple workers are scattered across the world – 60% of the whole mass work in the retails stores. Assuming this fact, theoretically, the company earns $18 million per hour! Obviously, the company spends enormous funds to develop the products and maintain the corporation but $18 million per hour sounds ridiculous, right?
  • The other money making giant is McDonalds, which makes $75 million per day. Unfortunately, it shows the unhealthy interest of consumers to the junk food.

Non-traditional Payment Methods

Nowadays banknotes are not just a payment method but also an irreplaceable element of modern art and fashion. More and more artists and designers use the image of Benjamins to complement the design with a shade of urbanization. Still, the situation would change, if today’s pretty bills replaced with the money alternatives used by our ancestors.

Animals, stones, food, and jewelry were the most valuable monetary units. Still, there were adventurers, who launched new rules and new currency units – blood and bat guano (poo). Fortunately, for us the times have changed.

Awkward Mismatch

For some of us, credit cards are irreplaceable tools of nowadays reality. It’s hardly possible to find a person, who doesn’t owe a magic plastic card. However, some people can be hardly satisfied with only one credit card. The ridiculous mismatch in the financial world is that the number of credit cards exceeds the population of the USA several times!

It means that an average American owes minimum 5 plastic cards. About 200 million Americans use credit cards while there are nearly 2 billion of credit cards in the USA!

Though, they say that smartphones will substitute credit cards, after all.

Mass Inability to Manage Finances

CNBC recently has presented an interesting statistics, which shown that 25% of Americans, who make at least $100,000 per year, are living paycheck to paycheck and 30% of Americans, who earn $75,000 and more, choose the same financial strategy. This fact shows that the actual wage means nothing when the person shows the inability to manage finances.

On top of that only 50% of Americans manage to keep an emergency fund. Still, it’s a good lesson for those, who rely on their income and forget about the tempting passions that require a lot of money!

The statistics are dramatically shocking but the truth is that people simply want to live and enjoy the life. Assuming the fact that we usually spend more than we earn, this statistics is quite normal.

Questionable Stability

financial stabilityEvery country overcomes difficult financial situations from time to time. While the economic circumstances might seem unstable, the government applies to monopoly money. Obviously, the monopoly money isn’t that money that is used in Monopoly.

These funds are printed during hyperinflation. Sadly, their value depreciates quite quickly. $7.2 billion were printed in the US in 2015 to stabilize the financial situation and simply renew old bills.

Nothing Lasts Forever

Among people, who waste money right and left, there are people, who hide money under mattresses. The bad news is that it makes no sense. The life of the paper bills is short and saving cash can work against you. Financial experts defined the real life of Benjamins. So, the average lifespan of a $1 bill is less than 6 years, a $5 or a $10 is about 5 years, while a $50 bill can be usable for 9 years.

A real long-liver is a $100 bill, which can be in a turnover for almost 15 years. The moral is simple – forget about mattress and jar saving and turn to credit cards. It also has drawbacks but the life span of the credit card is much longer.

Dire Snowball

Most of the Americans suffer from debts and interest rates, which are growing and eventually turn into a huge insufferable snowball. The bad news is that it becomes a tendency rather than an individual case. The good news is that those, who hadn’t faced this problem yet, can avoid it.

The average American pays $280,000 in interest over their lifetime. Sounds scary, doesn’t it? The number is huge but the majority has no other choice.

debt consolidation help online

Irrational Approach

While the economic situation in the world can be unstable from time to time, the solution can come from the unexpected side. According to the research of the reliable financial experts, replacing the bills with coins would save approximately $5.5 billion over 30 years.

The last words of Bob Marley were “Money can’t buy life”. While money makes up a significant part of our life, there must be something stronger than bills and coins. In today’s materialized world, it’s crucial to have a friendly family, trustworthy friends, and the right goals. Therefore, don’t stop expanding the horizons and discovering the outstanding and beautiful world!

5 Finance Books for Your Personal Growth

best finance books for growth

Nowadays there is a huge variety of personal finance books on the market. Some of them are worth reading and can be really life changing, while others are just a waste of time. How do you know which book to choose? Which book will be worth the time and money?

The following article will help you avoid failing books and choose those that you will keep coming back to. These top 5 personal finance books are sources of knowledge you would like to come back to and go through them again and again.

Continue reading “5 Finance Books for Your Personal Growth”