Independence means not relying on anyone or anything else; strong and able to survive alone; free. Sound pretty good? Let’s take it a step further and explore financial independence. That…
Author: BrightDime
Collateral is any item(s) of value (assets) designated as security to a lender when you take a secured loan. In the event that you’re unable to make payments, the lender…
An installment loan is a lump sum borrowed all at once and re-payed over a fixed period of time. Payments (known as installments) are typically monthly, but can vary depending on the…
Unsecured debt is a loan not secured by any assets or collateral and the creditor doesn’t typically come after the items you purchased if you’re unable to make your payment.…
Secured debt is a loan backed by assets (collateral), such as a home or car which “secures the loan” with an item that the lenders can take ownership of and…
Revolving credit (or a revolving line of credit) is a type of loan that gives you continuous access to funds, up to an approved limit. When you use a portion…
Debt is probably the most common topic our coaches get asked for help with. Why? Because people take on debt without knowing how it works and then find themselves with…
Financial skills are the final piece of the puzzle that prepare kids to use their financial mindset and good financial habits to become fully financially capable as teenagers and adults.…
Helping children grow into financially capable adults is an important part of setting them up for future success. The Consumer Financial Protection Bureau’s research into what leads to financial capability…
For many people summer means vacation. The warm weather and time off tends to come with spending more than they planned, especially on trips and vacation expenses. Whether you plan…