VantageScore is the second most commonly used consumer credit scoring model, only behind FICO. Consumers with new credit can actually benefit from VantageScore as they may not qualify for FICO credit scores. Although VantageScore credit scores are not used by lenders as much as FICO scores, they are used widely in some consumer credit categories, like credit cards. So it’s ...

Home ownership is very rewarding, but you should have a solid understanding of all of the monthly costs of owning a home before you jump in. As a potential homeowner, you may be considering if you can afford to buy a home only based on the monthly mortgage payment. It’s easy to make this mistake, especially as mortgage lenders tell ...

Rebecca’s Take: I don’t think our no spend month will be easy, but it will be a good learning experience. Maybe Tiago will even help me cook… Tiago’s Take: I think I’ll be able to manage not buying any cool toys for a month. The hard part will be not ordering take out. Rebecca’s right, I’ll probably end up helping ...

So many people struggle to reach the financial goals they set out for themselves because they didn’t fully develop their objectives. One method of ensuring you can achieve your financial goals, and any other kind of goals, is by creating SMART goals. SMART goals is an acronym for specific, measurable, achievable, relevant and time-limited goals. By creating goals using this ...

While we respect the financial guidance that Dave Ramsey has provided to many people, we don’t think that there should be a one size fits all solution to personal finance. The foundation of Ramsey’s financial education geared to the masses are his 7 baby steps to financial freedom. He claims that they “work every time” and that nearly 6 million ...