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How to Build Credit – NerdWallet

Savings Corner

Building credit can be tricky. If you want to build credit without a credit card, you might try a credit-builder loan, secured loan or co-signed loan. There are also ways to use rent, phone and utility payments to build credit. Here’s a look at credit-building tools, and how to use them to earn a good credit score.

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Rent-to-Own Homes: A Way to Make a Home Sale Work

Prairie Eco-Thrifter

The right move for a homeowner with a buyer who can’t get a mortgage might just be a rent-to-own agreement. Lease-purchase agreements fell by the wayside during the housing boom because banks were lending freely. Rent-to-own is a way to make a property transaction work without a lender involved at the start.

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Best College Student Credit Cards of February 2024

Savings Corner

Bank of America® Travel Rewards credit card for Students Travel rewards (for those with established credit) The Bank of America® Travel Rewards credit card for Students offers largely the same benefits and features as the regular version for non-students, making it an excellent option for those who love to travel. Renting an apartment.

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Passive Income With Real Estate

Prairie Eco-Thrifter

Other types include: land only, a building (no land) only, duplexes, 4-plexes, 8-unit complexes, and the list could go on. Even though the listed examples are quite different from one another, each of them could be purchased and rented for a profit. Your property may not always be 100% rented, but it can easily be 75% rented.

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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

Both are now old enough to open a bank savings account. I would go into the bank with my stubby little hands clutching my months worth of allowance (total of $1), deposit it and see the results right off printed in my book. Most of the time, the best we can expect from bank savings accounts has been from 2% to 5% before inflation.

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What Has Your Money Done for You Lately?

Prairie Eco-Thrifter

It’s quite another to let a few thousand dollars (or even more) sit in a low-yield bank account that doesn’t serve much of a purpose. You could flip a house, or buy a multi-family complex and rent out the units. Do you have enough money to buy an investment property?

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How to Save Money by Downsizing

Prairie Eco-Thrifter

Here is an interesting exercise – get a pen and paper; write down the total square footage of your house and the monthly mortgage or rent amount you pay. How much space is used for storage in your home? Divide the dollars by the square feet and you will get a figure that is the cost of each square foot of space per month. Money Tips'