How Much Money Do You Need in Savings When Applying for a Mortgage?

July 31, 2018

You know you need enough money to cover your down payment and closing costs when buying a home. But did you also know that most lenders want to see even more dollars stowed away in your checking or saving accounts before approving you for a mortgage? It’s true: Lenders want to know that you have enough money saved to cover at least some of your future mortgage payments should you…

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6 Things Buyers Will Hate About Your House

July 27, 2018

Selling a house can be a nerve-wracking experience. Not only do you have to deal with the daily stress of having prospective buyers in your home, but you also have to handle the potential feelings of rejection when no offers for your house are forthcoming. Sellers may only see the lifetime of happy memories they built in their home, but buyers are usually focused on the (potentially expensive) negatives that…

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Investing Is Great, But Saving Is Even Better

July 26, 2018

When people talk about investing, they often emphasize getting the most return for their money. If they are getting a 7 percent return on their stock portfolio, they’ll strive to get 8 percent. If they are already at 8 percent, they’ll push for 9 percent or more. Shooting for a high return is laudable, but what often gets lost in this discussion is the most powerful element of building wealth:…

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How to Get Your Car Ready for Hurricane Season

July 18, 2018

When you’re prepping for hurricane season, it’s easy to get caught up in protecting your house and making sure you’re stocked with basic supplies. You may totally forget about your car. This is a mistake — in a natural disaster, your car might be your saving grace. If you get caught in extreme weather, having a stocked, maintained, and ready-to-go vehicle can make all the difference in getting you to…

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Best Money Tips: How to Buy a Family Home Without the Stress

July 12, 2018

Welcome to Wise Bread’s Best Money Tips Roundup! Today we found articles on how to buy a home without the stress, how to choose the best sunscreen, and pro cleaning tips and tricks that will save you time. Top 5 Articles The Complete Guide To Buying A Family Home Without All The Stress — Don’t get caught up in a bidding war. Set an upper limit to what you’re willing…

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11 Stock Market Oddities — and How to Exploit Them

July 3, 2018

It is often said that it’s impossible to “beat the market.” There’s no magic formula for success. If everyone is trading based on the same information, stocks should always sell for a fair price. At least, that’s the idea if markets are what economists call “efficient,” meaning all relevant information is available to all parties at the same time and that prices respond immediately to that information. But sometimes the…

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Best Money Tips: 10 Countries Where Retirees Can Live Large and Save Big

July 2, 2018

Welcome to Wise Bread’s Best Money Tips Roundup! Today we found articles on the best countries to retire, how to score cheap flights this summer, and cheap and easy dessert recipes. Top 5 Articles The 10 Best Countries to Retire Where You Can Live Large and Save Big — Want more bang for your retirement bucks? These destinations offer affordability, climate, health care, friendliness, and other characteristics that many retirees…

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Are Starter Homes Still a Thing?

June 25, 2018

The old formula worked like this: When you were tired of renting an apartment, you’d buy a starter home. This starter home would be affordable and small. When your family started to grow, you’d sell that starter home and buy a larger residence. Does this strategy still make sense? Should you invest in a starter home before purchasing what you might consider the home of your dreams? Not surprisingly, the…

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Best Money Tips: How Much You Should Spend in Retirement

June 14, 2018

Welcome to Wise Bread’s Best Money Tips Roundup! Today we found articles on how much you should spend in retirement, ways to save money on Father’s Day gifts, and how to use your vacation to improve your everyday life. Top 5 Articles How much should you spend in retirement? — Many retirees struggle to know how much money they should spend — and how to spend it. [Get Rich Slowly]…

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401(k) Fees: You’ll Pay Now or Pay Later, But You Will Pay

May 14, 2018

For most people, a 401(k) is almost an ideal investment. Simply by filling out the paperwork for a typical plan, you get: Plus, it’s all in one convenient package, administered by your employer. The only problem is the costs. 401(k) plans are not cheap to manage. Unlike with a typical brokerage account or even an IRA, there are some fairly complicated rules your employer has to follow to assure the…

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