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.…
Tag: debt
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…
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…
Life insurance is a financial tool that provides a death benefit to your named beneficiary in exchange for premium payments to the insurance company. While it’s not always easy to…
Assets? Liabilities? Net Worth? Let’s dive into some of the basic personal finance topics you need to understand on your path to financial wellness.
April is Financial Literacy Month and we asked executives at several of our clients to share things they’ve learned in their financial life that they wish they had known sooner.…
A debt snowball is a debt repayment strategy that prioritizes paying off your debt with the smallest balance, moving to the next smallest once the first one is paid off, gaining momentum…
A debt avalanche is an accelerated debt repayment plan that prioritizes paying off debt with the highest interest rate, saving you money in total interest paid compared to other methods. You…