Get Your Money As Soon As You Earn It

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You’re in a cash-flow crunch again. An important bill is due, and you’ve earned the money to pay that bill – but it’s not payday yet. You’re on a two-week pay cycle and have to wait for another week or so before your money is available.

What are your options? Ask a friend or relative to loan you money for a few weeks. Take out a payday loan and pay painful interest rates. Make the payment late and run the risk of penalty fees and a drop in your credit score. Ask your employer for a payday advance. All these options can be embarrassing and unpleasant.

Many Americans take the payday loan approach – approximately twelve million each year, according to 2016 research from the Pew Charitable Trusts – paying a collective $9 billion in fees and interest charges.

Payday access apps like Earnin are designed to fill this cash-flow gap. As opposed to a payday advance …

Income Share Agreements

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America’s total student loan balance has topped $1.5 trillion, according to recent Federal Reserve data. Default rates on student loans are at 11%. While the job market has improved for recent graduates, many are struggling with excessive debt (over $39,000 at graduation on average) and entry-level jobs that make repayment difficult.

Enter an alternative approach to paying for college – the Income Share Agreement (ISA). Schools that offer an ISA program provide the funding to get your degree in return for a percentage of your post-graduation income over a set number of years. In essence, the school is investing in you and expecting that return to pay off in a direct income stream – bypassing the student loan system entirely.

The repayment percentage varies depending on the chosen major/profession and starting salaries, following the advice of Adam Carroll, Founder …

Home Prices Outpace Pay Increases

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Affordable Housing? What Affordable Housing?

Affordable housing is increasingly hard to find in today’s market. According to data from Trulia, America’s inventory of starter homes has decreased by almost half compared to six years ago while prices rose by almost 58%.

As consumers recovered from the housing crisis and Great Recession, more people became financially able to own a home. The existing supply was quickly consumed, leading to the current imbalance.

Recent polls suggest that affordable housing woes will continue through 2018 and beyond. According to a Reuters poll of property market analysts, home prices are expected to increase at almost double the rate of wages through 2018. Home prices are predicted to gain 5.7% more over the course of the year, while average annual earnings growth is predicted to be 2.8% – slightly above the predicted inflation rate of 2.5%.

At least inflation is expected to stay more in line with wages, hel…

Video: Can You Be Fired From Your Job If You Have A Low Credit Score?

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Can your current and prospective employers use your credit score to hire and fire you? Does this really happen? Watch our exclusive video above to learn your rights and how you can prepare for such situations.

Maintaining your credit score can prevent many negative outcomes. You can check your credit score and read your credit report for free within minutes using Credit Manager by MoneyTips.