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7 Things You Should Teach Your Kids About Money

Prairie Eco-Thrifter

Unfortunately, for as much as they’re bombarded with commercials about products, they’re not bombarded with knowledge about how to manage their finances. An allowance not only gives your kids some financial freedom of their own, but it’s a great teaching tool for parents. Either way, it’s up to you to deprogram them – not anyone else.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Home equity lines of credit (HELOCs) and home equity loans are two similar finance tools — methods of borrowing money against the ownership stake you have in your home.

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How to Calculate Home Equity

Savings Corner

You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. Lenders consider it when approving you for a mortgage or other home-based financing. Home equity can be a valuable resource for homeowners.

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What Is A Home Equity Loan?

Savings Corner

While the forecast doesn’t call for massive savings — for HE loans, anyway — any reduction in borrowing costs saves prospective borrowers some cash, and encourages them to turn to this financing tool. Paying for college: You may find lenders who advocate paying college tuition via home equity, but this is a risky move.

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How To Start Investing In 2023

Savings Corner

Investing in the financial markets might sound like one of the scariest parts of managing your finances, but it’s also potentially the most rewarding. Or paying for college. While major declines in the market can be frightening, investing is one of the few ways to outpace inflation and grow your purchasing power over time.

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Allstate Insurance Review 2024 | Bankrate

Savings Corner

To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. Our goal is to give you the best advice to help you make smart personal finance decisions. Bankrate has answers. Power’s 2023 U.S.