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No Credit Card? No Problem!

Few things strike fear into the heart of savvy consumers quite like the words “major purchase.” The phrase immediately fills their minds with images of unending payoff plans, piled-up interest, and hair-trigger late fees. It’s more than enough to scare some people away from buying things that they really need.

Of course, much of this concern is rooted in the incorrect assumption that every major purchase has to go on a credit card. The fact is that there are lots of ways to cover the cost. Here’s a quick list of ideas to keep the major purchase from being a major pain:

The Best Loan Options for a Bad Credit Rating

If you have recently had an application for credit turned down you might be feeling a sense of hopelessness. Being rejected for credit can be a major blow if you were planning to replace a car, take a holiday or make some home improvements. If you are already struggling to keep up with other credit commitments because of high interest rates and wanted to consolidate these debts, a rejection for a consolidation loan can feel like a major setback.

How to Choose a Credit Counselor If You Need One

Living under the burden of debts is not exactly the life any individual wishes for. Day in and day out you have to toil hard and meet your ends as well as get out of debt. This kind of life can invite severe repercussions financially, physically as well as psychologically. So it is imperative that you might consider a credit counseling firm. In this article, we shall be illustrating the basic definition and purpose of credit counseling as well as put light on the process itself.

Are All Loans Created Equal?

In need of a financial boost? Or maybe you’re looking to purchase a big ticket item but don’t have the cash upfront? Whatever the case is, obtaining a personal loan can be a great way to resolve the issue. Personal loans can range in size from a few hundred dollars to several thousand and can assist you in making big purchases, getting out of debt, or paying down some bills. Though it is a great way to temporarily finance your needs or wants, it is important to do your due diligence.

Top 6 Ways to Save Money for a Down-Payment

Four bedrooms with a large backyard and a white picket fence.

For most people, this is an American dream that they cannot wait to attain.

But turning that dream of homeownership into a reality can take a lot of grit and determination in this day and age. Considering that a traditional mortgage requires a 20 percent down-payment and that the average price for a single-family home sold in 2014 was $345,800 according to the US Census Bureau, you would have find a way to save a whopping $69,160 (not to mention additional closing costs) before you would be able to sign on the dotted line.

So how is it that 437,000 people were able to do that?

We at Modernize have a few tips to help you reach your goal without having to give up everything.

How To Be A Savvier Saver

Saving is something we all know we should do but is far easier said than done. It seems simple, save a little each month for a rainy day but far too often our month outlasts our money and there is not much to put aside. It is always tough to break your bad spending habits and be more ‘sensible’ with your hard earned money but here are some tips that will help you make the change.

5 Ways of Showing Investors and Clients You Mean Business

When starting your own business, it can sometimes feel as if the odds are stacked against you. It is important to stay proactive if you want to get anywhere with your business, whether you are selling a product, offering a service or providing some other level assistance to your client base. Taking a step back, when starting a business, is not what you want to do in order to get anywhere. You need to tackle things head on. One major ‘goal’ you should hope to achieve is to solidify the nature and the value of your business in the eyes of your investors and your intended clientele.

So what can be done to make sure that they know you mean business and you mean to create a successful business from the get go? Read on for our 5 top tips on showing your investors your stance on getting your business off the ground.

Insurance for DUI: How to Help Your Agent See You’ve Grown

If you’ve had the unfortunate experience of a DUI conviction, you might be wondering if there’s anything you can do to lessen the impact it has on your auto insurance rates. There are some steps that you can take if you’d like to make an honest attempt to appeal to your insurance agent, but first, it’s important to educate yourself on the reality and magnitude of the situation you are in.

How to Lower Car Insurance Rates for Young Drivers

The importance of insurance for young drivers cannot be stressed enough. However, automotive insurance companies are not very keen on insuring young drivers because they do not wish to take on the high level of risk associated with them. If we look at past insurance trends, we find that young drivers tend to make up the biggest chunk of claims. They tend to get into accidents more often than old or experienced drivers as a result of over-speeding and reckless driving. This explains the reluctance of insurance agencies towards covering young drivers.

However, since automotive insurance is extremely important, it is not wise for young drivers to stay uninsured. Young drivers are typically charged very high premium rates, but there are certain ways that this cost could be brought down.

How to Sell an Occupied Rental Property

The best way to sell a rental property is to let the lease expire and put a vacant home on the market. This option avoids many potential difficulties, but is not ideal from a financial standpoint, since an empty rental brings no income and still has expenses.

Whether your renters are difficult or dream tenants, if they are under a lease when you are ready to sell your property, it poses a few challenges. That said, it’s not anything that can’t be overcome with some effort and know-how.

5 of the Most Expensive Cities to Live In

If you were always and continuously nagging and saying that living in your town costs way too much, take your time readings this article. We are, together with our new fellows from Travel Ticker, present you a list of the world’s most expensive cities. Some of them might surprise, some of them not, but all of them are going to help you rethinking the way you are living for sure. Are you ready?

How to Check Your Home Loan Eligibility

Are you tired of paying rent and listening to the demands of a stubborn landlord? How about buying your own house?

Living in their own house is what most people look forward to from an early age. However, buying a place with only your savings may not be the safest bet. You could end up with too little money to finance your other requirements.

That’s where home loans can rescue you. You can borrow the required amount from a financial institution and pay it off in EMIs over a fixed tenure.

Before applying home loan it is important to look at the eligibility criteria in order to know if you qualify for a loan. Here is a list of the most significant factors that banks take into consideration when giving out home loans.

7 Crucial Money Lessons Every Parent Must Teach Their Child

Money regrets – we all have some. We’ve all made financial decisions we would ‘undo’ given half a chance. It might be the under-performing property we wished we’d passed on or that great property we wish we had really chased.

Given how important financial skills are to navigating life, and the fact that schools don’t teach children about money, as a parent here’s a few important financial lessons you can teach your child as he or she grows up:

What Does an Average Person’s Wallet Look Like in 2016?

There are many different types of wallets in today’s world. We are seeing a move towards less actual physical items, including even an actual wallet, into a digital wallet. Like Apple & Android Pay, as well as, being able to load all your credit & debit cards onto one single card, the wallet is becoming more and more obsolete. However, until then, we can still see many nice leather wallets full of many traditional items, with the addition of newer items as well!

What You Should Know Before Posting Your Home on Airbnb

Airbnb is the personal accommodations website that’s taking the overnight guest industry by storm. If you’re considering posting your home or personal property on the website to make a supplementary income, you’re not alone. People across the world have taken note and put their homes up for grabs, but this route is not without its caveats and risks. Before you take the plunge, consider the risks and rewards that come along with this venture.

How Low Interest Rates Are Affecting Retirement Plans

Interest rates are plummeting again and this is bad news for those who want to live on a fixed income in retirement. Ten years ago the ten year treasury yield was above 5%. Today it sits at 1.7%, which is below the rate of inflation.

To Trust or Not to Trust Life Insurance

NOTE: This article is direct towards UK readers, so much of the information may not apply to US readers.

There are many good reasons to take out life assurance to ensure the financial security of your loved ones after your death. Most of these reasons centre around the provision of a lump sum that can be used by your surviving family for:

7 Tips for Taking Out a Personal Loan

Being rejected when you apply for a loan or other form of credit can be dispiriting experience. You may be asking yourself what you did wrong, what is suggesting that you are a credit risk or if there has been a mistake.

It’s worth remembering if you are in this situation that you are not automatically entitled to credit. Banks and other lenders only lend to people that they think represent a low risk on what is an investment on their part and are unlikely to accept applications for people they think are unlikely to repay the money they want to borrow. It’s a balancing act – they want to protect their money while, at the same time, increasing the profits they make from the interest charged on the loans that they do make.

4 Ways to Use Your Tax Refund

As the notorious April 15th tax filing deadline looms closer, you might want to take the opportunity to figure out how you will choose to maximize your tax refund. You certainly have a wealth of options – including a nice splurge – but there are some options that you might want to take that will repay you for years to come.

5 Things You Should Do in Your 20s to Be a Millionaire in Your 30s

To become a millionaire by your 30s is possible, and you do not need to invent a new generation of Facebook or Snapchat, or win the lottery’s grand prize. Many ordinary people did that just with their strength of will and hard working!

To help you reach that incredible seven figure number today we are going to give you five tips, actually tried of by people who became millionaires at a young age. However, we can’t guarantee that you will indeed become rich if you follow these tips, but they certainly won’t reduce odds of that happening either.

Here’s Why Patience is the Key to Success

In a world where literally everything we could want as consumers is at our fingertips, it’s difficult not to expect instant gratification.

At the touch of a button we immediately receive all sorts of things.

But the problem with all of this ‘on demand’ availability is that we are evolving into a race that acts with expectation, rather than taking the time to nurture ourselves as responsible human beings.

8 Sinking Funds You Need To Start Today

Have you ever felt that sinking feeling when you find out you need to spend money on a home or car repair that you weren’t prepared for?

You knew it was coming; hindsight is always 20/20, and you end up beating yourself up for not planning it out sooner.

If you don’t have an emergency fund in place, that sinking feeling is all too familiar.

Financial experts say you need an emergency fund worth 3-8 months of living expenses (to cover you during a layoff or career change).

Other experts say having at least $1000 on hand for real emergencies is the minimum you should have on hand for life’s surprises.

There is a way to prevent that sinking feeling next time you get hit with life’s unexpected/expected expense events (say that 5 times fast).

Holiday Home in Spain: The Perfect Investment?

If you have never considered buying a holiday home before, now could be the perfect time. Spain has some incredible destinations including the famous Marbella on the Costa del Sol where you can purchase luxury villas at excellent prices. These can serve as incredible holiday homes for you to visit any time of year.

But the reason a Spanish property can be such a smart investment is that there are so many options with what to do with your villa moving forward. Here is why you should choose a holiday home in Spain as the place to put your money.

Why an Accountant is Important for New Businesses

So you’ve gotten your killer idea, you’re putting your business plan into action, you’ve bought a domain name, you’ve ticked all the initial boxes when starting a new business, what next? Consider hiring a professional accountant to help you manage your new business. While it may seem like a needless task to start off with, if you are really keen on getting your business up and running and in good time, you need someone with management experience and knowledge of the industry. Accountants have that essential knowledge and will be able to provide professional advice based on your specific business needs.

How Can an Asset Protection Trust Help With Inheritance Planning?

If you are financially secure and have assets you wish to pass on to your family when you die, planning for inheritance tax (IHT) is key. As it stands, by law you can leave an estate worth £325,000 tax free. Anything above that amount will be liable to a flat 40% IHT rate.

This might mean that your family may have to sell the family home or, in any case, be unable to benefit from a large portion of the wealth you have accumulated over a lifetime.

If you are worried that this could be a likely scenario for your family, an Asset Protection Trust is definitely worth looking into. Why not discuss this flexible estate planning tool with your solicitor to see if it could be right for your situation?

How Borrowing Money Affects Your Credit Score

When you apply for a guarantor loan, it isn’t your credit rating that the lender is most interested in: it is that of the person who has agreed to provide the security that the loan will be repaid.

Here’s Why You Should Embrace Failure

Everywhere you look these days, people’s achievements are being celebrated, whether it be in the papers, among our family and friends, or on social media.

And why not? Success is a wonderful thing and worthy of celebration, but so to is failure.

OK, so hear me out on this one. Failure gets a bad rap and most of us go to great lengths to avoid messing up.

But here is the thing: we are all going to fail at some point — whether it be a succession of small errors or one monumental disaster.

The sooner we embrace failure as inevitable and arm ourselves with a few tricks to handle it, the better off we will be.

Here are four good reasons to celebrate failure:

5 Common Misconceptions About Buying Auto Parts Online

Even though many people in countries like Australia and USA are taking the online route to buy auto parts, there is no dearth of myths when it comes to online purchase. In this article, we examine some of the common misconceptions about buying auto parts online.

Binary Options Trading for Beginners

There is a new investment vehicle in town that is turning out to be very fast to learn and promised to give very high returns. But as usual, it has its own risks since you might end up losing your money when trading just like in any other financial market. I am talking about binary options trading; which is catching up with many millennials as a very easy way to earn an extra income without much ado. However, before you burn your fingers in this new lucrative source of passive income, you first need to learn how to trade binary options from the experts.

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