How Fintech is Creating Financially Stable Families

In today’s economy, many families struggle to make ends meet. Paychecks go just far enough to meet expenses, leaving little cushion for events that can break a budget, such as an expensive car- or home repair or loss of income. In fact, according to a survey by JP Morgan Chase Institute of one million Chase customers, 50 percent experienced a monthly income swing of 30 percent or more between 2012 and 2015. For lower income Chase customers, the percentage rose to 50.

Living on tight margins increases stress levels. Worry can become constant when even a minor upset can cause a family to fall behind on essential bills. Often, families resort to credit cards and payday loans, which can make their stresses even more acute in the longer term. Debt is the opposite of what families struggling to make ends meet need. Savings provide the key to relieving financial instability. For the millions of families struggling with financial instability, Fintech has created exciting products that boost savings, reduce debt, and make managing household bills easier.

Even

Even is a three-year-old app that assists customers with fluctuating incomes. Even calculates the family’s average monthly income over past paychecks and advances the difference when paychecks are low. It then collects the advances when higher paychecks arrive. For workers paid on commission, freelancers, and employees dependent on tips, Even can be a lifesaver. Though freelancers, salespeople, and servers may take home huge paychecks, they also get skimpy ones when business slows. Often, savings are depleted and workers wind up with debt, overdraft fees, and late payment fees as a result. Even puts an end to that destructive cycle.
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5 Ways to Make Your Home More ‘Green’ and Save Money

The crazy weather and horrid hurricanes and storms plaguing the entire planet are more than enough proof of the climate change. Scientists have yet to determine whether we are past the point of no return. However, one thing is perfectly clear now and it’s that reducing the carbon footprint of your home is essential. It’s the contribution everyone can make into the fight for preserving our planet’s health. It’s also a wise way of saving a bit of money, as making your house more energy-efficient will cut down your bills. To make your home more ‘green’ you’ll need to replace some appliances and do some minor but effective changes to the décor.

5 Steps to an Energy-Efficient Home Everyone Can Afford

  1. Forget about your clothes dryer

There are energy-efficient variations of all important house appliances. You can check the Energy Star website to choose the best devices for your home. You’ll be able to find clothes driers there. However, the truth is that this particular appliance is never worth the energy it uses. Regardless of how little of it the device consumes.

A washing machine with a high RPM (rotation per minute) rate can ensure your clothes come out nearly dry. Therefore, unless you are living in a place where air-drying is a complete impossibility, using a dryer is always a waste of money as well as a major addition to the carbon footprint of your home. Note that it’s also not good for the majority of fabrics.

  1. Reduce your use of an AC unit

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3 Ways that cryptocurrency has changed the world

Over the past few months, the general interest in cryptocurrencies has grown so much that the topic has become one of the most popular terms looked up on search engines, discussed on news programs and other trade and finance talks. In addition, it even has received great attention from different governments and institutions worldwide. As of the end of 2017, it was estimated that only two percent of the global population are involved in cryptocurrencies. These risk-oriented individuals are considered as the ‘innovators’ and most of them have already experienced huge gains with cryptocurrencies and their underlying technologies.

 

Although the advantages of this technology are already evident from the past up until now, we are yet to its full potential once cryptocurrencies achieve a possible mass adoption in the future. Read more about the three ways that cryptocurrency has changed the world and take part in this one major ‘financial revolution’.

 

  1. Decentralization

 

Cryptocurrency platforms are considered by many people as the future of decentralized banking. It allows ordinary people to obtain financial services and store their savings without the control of central authorities, middlemen, and other bodies that can go in the way of monetary transfers. Even less privileged individuals can receive, store, and send cryptocurrencies with just a smartphone, a wallet application, and a working internet connection. Bitcoin, for example, operates on a network that is purely peer-to-peer in nature. It means that the mass collaboration of Bitcoin users allows the confirmation and bookkeeping of all transactions; past and present.
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National Cyber Security Alliance Responds to Equifax Breach

 Equifax announced a major data breach yesterday affecting some 143 million Americans’ personal information. According to the company, the data breach left Social Security numbers, driver’s license numbers and other sensitive information at risk sometime between mid-May and July of this summer.

“Major breaches like this one remind us that it is critical for internet users to remain continually diligent about practicing good cybersecurity habits,” said Michael Kaiser, executive director of the National Cyber Security Alliance (NCSA). “As our connected world grows and vast amounts of information is collected and stored, the scale of data breaches is likely to grow. Businesses and organizations that accumulate data must operate with a deep understanding of the value of that data to cybercriminals and the other risks to their customers, employees and networks. It is essential they employ a comprehensive approach to cybersecurity and be prepared to respond if a breach occurs.”

Fortunately, Equifax is reporting no evidence of unauthorized access to core consumer or commercial credit reporting databases at this time. Nevertheless, NCSA urges all Equifax users to take action now to secure their accounts. Equifax is offering complimentary identity theft protection and credit file monitoring. Information can be found at equifaxsecurity2017.com/enroll.
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How To Increase Your Home Value In 8 Easy Steps

If you have plans of selling your home in the future, you really need to take care of the many details in your abode. You may need a little bit of makeover to boost its value.

The good news is, you don’t need to spend big bucks to sell your home at an expensive price. Small, but valuable improvements can make it worth more.

Check out the list on how you can improve your home’s value:

  1. Install new windows.

Windows are one part of the home that buyers often check when purchasing a property. The future home owners don’t want a home that has damaged windows, where nearly 30 percent of energy escapes based on research. Well maintain windows are one reason why they will be interested to purchase your home. Windows add a statement to a home.

  1. Upgrade your popcorn ceilings.

Do you still have popcorn ceilings? Removing them is one sure way to add value to your precious property. This kind of ceiling is obsolete and having them in your home may turn the buyers away. Replace them with modern ceilings because a contemporary style of home is more pricey.

  1. Add a new bathroom.

Does your home only have one bathroom? It’s time to add another one in a space that is unused for a long time. Consider the convenience when deciding to add another bathroom. Your home buyers will surely love to have a bathroom upstairs and downstairs, especially when they have guests.

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The Top 3 Loans That Can Help You Eliminate Debt Fast

Unpaid debts can be really stressful. If you don’t take care of it soon enough, it will catch up with you. Debt has become a part of today’s culture and comes in different forms for different reasons. Paying off debt, is perhaps, one of the most common personal goals among different people. And while some may think it is hard, it only requires some good strategy and enormous discipline to finally get out from it. Sites like MTP Loans provide loan choices for people who want to pay off their debt.

There are various types of loans that one can get to help pay off your debt, here are some of them:

  1. Personal Loan

Personal loans are one of the many loans you can borrow from the bank. It is an unsecured loan that can be paid on agreed terms. This can be used by the borrower for whatever purpose. If your credit ratings are good enough that you can borrow a money, this can be used as a debt consolidation loan. However, there maybe instances that you will be allowed to borrow a small amount, a big amount of higher interests, or not be approved at all due to bad credit score. Secure personal loans from a bank you trust and settle for payment rates that are doable for you. This will take the stress off your loans.
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The top 3 Loans That Can Help You Eliminate Debt Fast

Unpaid debts can be really stressful. If you don’t take care of it soon enough, it will catch up with you. Debt has become a part of today’s culture and comes in different forms for different reasons. Paying off debt, is perhaps, one of the most common personal goals among different people. And while some may think it is hard, it only requires some good strategy and enormous discipline to finally get out from it. Sites like MTP Loans provide loan choices for people who want to pay off their debt.

There are various types of loans that one can get to help pay off your debt, here are some of them:

  1. Personal Loan

Personal loans are one of the many loans you can borrow from the bank. It is an unsecured loan that can be paid on agreed terms. This can be used by the borrower for whatever purpose. If your credit ratings are good enough that you can borrow a money, this can be used as a debt consolidation loan. However, there maybe instances that you will be allowed to borrow a small amount, a big amount of higher interests, or not be approved at all due to bad credit score. Secure personal loans from a bank you trust and settle for payment rates that are doable for you. This will take the stress off your loans.
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The top 5 things you can use a personal loan for

There are loans that are given for very specific things. For example, mortgage loans are for buying a home, an auto loan is, of course, used for purchasing a car while student loans are used to pay for college tuition fee.

 

Good thing there is a personal loan, which can be used for a variety of things. While there are some lenders who will ask you what the money will be used for, more often than not, it is up to you how you want to use it.

 

There are many circumstances when you can utilize a personal loan. Here are some of them.

 

  1. Pay a credit card debt – yes you can use a loan to pay off another loan. This is smart when you have several credit cards that are already maxed out. It is good to consolidate all the charges into one monthly payment, especially if the interest rate on the credit card is very high. You just need to make sure that the personal loan you get has a lower interest rate.

 

  1. Home improvement – maybe you need a new HVAC, or you feel like you need to do repairs in your home but you do not want to dip into your savings. Use a personal loan instead of emptying your bank account.
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