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What Is Revolving Debt?
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While revolving credit provides borrowers with flexibility, too much revolving debt can be crippling. Even with falling interest rates, the most vulnerable credit card holders can use some help. Let’s look at ways of dealing with mounting revolving debt. But first, here’s a primer on what revolving debt is and how it differs from installment […]
Setting Up a Retirement Account for Your Child
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Opening a tax-advantaged individual retirement account (IRA) for minors becomes possible once they start earning income. Even babysitting or lawn-mowing money counts. A custodial IRA offers certain advantages: It can jump start a child’s interest in investing, and possibly help build their future nest egg. But there are annual contribution limits and other potential drawbacks […]
Choosing Your Retirement Date: Here’s What You Should Know
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Choosing a retirement date is one of the most important financial decisions you’ll ever make. Your retirement date can determine how much money you’ll need to save to achieve your desired lifestyle — and how many years that money will need to last. Selecting an optimal retirement date isn’t an exact science. Instead, it involves […]
What Is the Cost to Rewire a House?
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Updating the wiring in a house could cost between $6 and $10 per square foot, but keeping old wiring could have disastrous consequences. Electrical issues are the third most common cause of house fires in the United States. Modern technology also may demand rewiring a house. Powering multiple electronic devices, having adequate interior and exterior […]
How to Apply for a First-Time Business Loan
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Many business owners use financing at some point, whether it’s to help them launch their companies or to fund expansion further down the line. No matter what stage your business is at, however, applying for your first business loan can feel overwhelming and intimidating. While there’s no one-size-fits-all solution to getting a first-time business loan, […]