This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. A personal income statement is a personal financial statement that outlines your income and expenses over a certain period of time, giving you some insight into your financial position. With

A personal financial statement is a document that summarizes an individual’s financial position at a specific moment in time. It typically contains a breakdown of all your assets and liabilities, giving you an insight into your financial position and financial health. Assets are things with economic value that you can turn into cash, such as

The Differences Between Personal Credit and Business Credit The credit you use for business is separate from your personal credit. They are governed by different credit bureaus and scoring models.  Personal credit consists of any credit lines you currently have opened and/or closed. This can include auto loans, mortgages, and credit cards.  A personal credit

Finding net 90 vendors can substantially improve your cash flow as a small business, freeing up working capital for growth.  But obtaining vendor credit with 90-day net terms is almost impossible. Most vendor credit accounts only offer 30-day invoice payment terms.  In this article, we’ll teach you how to leverage awesome accounts like Amazon’s net

If you are looking for a way to build your credit history and you are a Navy Federal Credit Union member, there are a selection of personal loans they offer that could help you reach your goals.  While Navy Federal does not offer a traditional, no-minimum-score-required credit builder loan, they do offer two different types

Reports indicate that many Americans are struggling with hefty monthly car payments. This is partly attributed to surging car prices, which is leaving many borrowers paying $700 to $800 per month. Here, we will explain how vehicle repossession works and the best ways of dealing with bad credit that result in the aftermath. What Happens

What factors contribute to someone becoming a millionaire?  Is it the country they live in, their education, or their industry? In this post, we’ll look at some of the most insightful millionaire statistics to find the common thread that unites the ultra-wealthy.  Percentage of Millionaires in the World (And Number of Millionaires in the USA)

Prospective homebuyers should understand the many advantages and disadvantages of making a larger down payment when obtaining a mortgage loan for purchasing a house.