Saving money is essential for emergencies and for financial stability. Learn how much money you should save. — Saving money is essential for emergencies and for financial stability. But how much money should your monthly savings be? There is no magic amount that applies to everyone. But there are factors that everyone should consider, each unique to your specific situation. How much money should you save every month?

Credit forgiveness is when your lender eliminates all or part of your debt, arranged through a settlement. — Credit forgiveness can be a lifesaver. It’s an arrangement when your lender forgives or eliminates all or part of your debt. Usually, if there is any forgiveness, it’s on a portion of your debt and not on the entire balance owed. …

For students mastering life with credit cards, using them responsibly can be a great way to build credit history. — Credit cards can be a big part of student life. Using them responsibly can make all the difference, helping you graduate with a healthy credit history and a good credit score — two numbers almost as important as your degree. College is also when many of us get our first…

A balance transfer can be a smart solution to managing card debt and high interest charges. — Credit card debt can be stressful, and high interest rates can make it tough to pay down your balance. If debt pay down strategies, like the snowball or avalanche method, aren’t for you, a balance transfer can be a smart solution. What is a balance transfer? A balance transfer is when you use a loan…

Using credit cards to pay off student loans is rarely a good idea, as it comes with high fees and less flexibility. — When money gets tight, it’s tempting to think about skipping student loan payment — or turning to credit cards to bridge the gap. But with higher interest rates and the potential for harsh fees, using credit cards to pay student loans is almost always a bad idea. Can you use a credit card to pay off student loans?

Most advisors consider college a good investment. To keep your debt down, look for scholarships and grants. — Taking on debt to pay for college can be a tough pill to swallow. But with loans, grants, and other aid, you can lessen the load and limit the debt you’ll graduate with. Why you may need debt to graduate college Let’s put it in perspective. Debt is not necessarily a bad thing. In fact, some debt, like…

An unsecured credit card can be a terrific way to build credit and boost your credit score. — Unsecured credit cards can be a smart, practical way to build credit or boost your credit score. But not everybody qualifies for traditional cards. That’s why some cards are specially built for users with credit scores at 640 or below. They often come with higher interest rates and lower credit…

Student loans almost always offer much lower interest rates than credit cards, making them the best option — Student life can vary widely, from tuition to books to living expenses, and many of us cover the costs with different forms of credit and loans. Which is better: using a credit card or taking out a student loan? Student loans are typically offered at rates significantly lower than credit cards. That’s a good reason to opt for low-interest loans over credit cards.

Student loans impact credit scores and when repaid responsibly, they can be help build a positive payment history. — A student loan is the first step many of us take towards building credit. It’s the first loan many of us get, and it might be the first time our payments get reported to credit bureaus. …