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Knowing Whether or Not to Loan Money to Someone

At one point or another, most people will find themselves in situations where they asked for a loan. The person making this request may be a relative, close friend, or even a co-worker. Loaning money comes with its own risks and stigmas; what if the borrower takes too long to return the money? What if they can't afford to pay back the loan? Worst of all, what if they simply …

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How to Pay Off Student Loans

Taking out student loans is a fairly common practice. Many young people do this for the sake of investing in their education or otherwise being able to attend college or university. Initially, being able to take out student loans and attend college may seem like a dream come true. However, this dream can quickly turn into a nightmare when young people are not only billed for the money they borrowed, …

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How to Take Out a Loan

There are many people who will take out loans in their lifetime. There are many banks, online lenders, and additional financial institutions which have no problem issuing these loans. However, the reality which most individuals fail to understand is that loans almost always come with interest rates. In other words, not only will people have to pay back the loans, but they will also pay for having to borrow money …

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How to Pay Back a Loan

There are many people who wind up taking out loans at one point or another. Perhaps they needed the funds to invest in their education, pay bills, cover a sudden emergency, etc. However, regardless of the reason, the ultimate reality is that borrowed funds must be paid back. Unfortunately, there are countless individuals who struggle with paying back loans which they took out. This ultimately doesn't bode well, seeing as …

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How to Financially Prepare for a Recession

Nobody likes to think about recessions and all the havoc which they can bring upon a society and to the economy. Nevertheless, many people have lived through and experienced the plights of recessions. Although they take a toll on virtually everyone, members of society who are most vulnerable and least prepared tend to suffer on considerably higher levels. This is what makes financial preparation so absolutely paramount. Failure to plan …

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How to Financially Prepare for a Job Resignation

One of the starkest realities regarding the professional world is that people often quit, or resign from, their jobs. This can happen for many reasons; sometimes people have to relocate, move across country, or a new opportunity presents itself. In other scenarios, the employee may be displeased with new management, the workplace environment, protocols, customers, etc. Regardless of the associated reasons, job resignations are simply inevitable parts of life. However, …

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How to Recover From Bankruptcy

Millions of individuals have filed for bankruptcy since its inception. This may come as a shock to many people who generally view bankruptcy as a state in which irresponsible individuals find themselves. Although bankruptcy occurs when someone is unable to pay their debts, there are a variety of circumstances and decisions which can bring about this unfortunate situation. According to Investopedia , medical expenses, employment loss, excessive spending/misuse of credit …

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Financial Advice for Immigrants

Many individuals who immigrate to various countries have experiences and journies which differ from natives. This is not to say that immigrants cannot be successful and prosperous; however, the playing field is somewhat different. Having the right information and the proper financial awareness always comes in handy. There have been countless immigrants who have been successful in their lives and endeavors after moving to new countries. The following financial advice …

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Financial Advice for Married People

While many people are often given advice on how to manage their sole finances, the game somewhat changes after marriage. This change is not bad, but simply a reality of life. Therefore, learning how to manage, protect, and grow funds with one's spouse can be invaluable. Every marriage is different and no two couples are exactly alike; nevertheless, the awareness and application of the forthcoming advice will certainly engender fruitful …

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Financial Advice for Senior Citizens

As people get older in age, they may believe that their acquired money habits will continue to serve them well. While decades of proper financial choices certainly have their merits, there are still particular strategies which senior citizens can benefit from. Senior citizens will inevitably witness changes in their lifestyles, circumstances, and other factors; this is natural and to be expected. Therefore, proper preparation, acute awareness, and adherence to the …

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