Minimize Risk With LendingClub’s 60-Month Notes

LendingClub Portfolio Detail 60-Month Notes

Recently, I’ve started to invest more in LendingClub notes. The interest rates you can earn at LendingClub are significantly higher than even a high yield savings account or CD, and p2p lending is a good way to diversify an investment portfolio. But there is a significant downside with this strategy–risk. Investing in consumer loans involves […]

Published or Updated: April 6, 2013

Should You Take the Annuity or Lump Sum Payment?

Money Wheel

Congratulations!  You just won the lottery! Now comes the difficult question of whether to accept your winnings in installments over a long period of time or to take a lump sum payment. This might seem like a ridiculous question to ponder, since you have a greater likelihood of becoming president or dying from an asteroid […]

Published or Updated: April 3, 2013

A Beginner’s Guide to 401k Retirement Accounts

401k

In all likelihood, you will have to deal with a 401(k) at some point in your life.  The good thing is they are fairly straightforward and investing in them is easy and potentially very profitable.  Understanding the basics of a 401(k) might prove very beneficial. 401(k) Basics Let’s start with the simple definition.  A 401(k) […]

Published or Updated: January 30, 2012

New Laws Mean New Ways to Obtain Your Credit Score for FREE

850

Your credit score is essential financial information, but if you’re like many consumers, you don’t know much about it. Luckily, new laws mean that you can learn about your credit score more easily than ever – and for free! What is a Credit Score? A credit score is a numerical value assigned to you based […]

Published or Updated: July 18, 2013

What is IRS Tax Form 1040EZ?

1040EZ

It’s a new year, and for millions of Americans, that means anxiously awaiting the arrival of tax information forms and beginning the arduous annual process of filing a tax return. Depending on your tax situation, you may use any of three forms to file your taxes: Form 1040, 1040A, or 1040EZ. Form 1040EZ is frequently […]

Published or Updated: April 4, 2013

Eating Healthy Is No Cheap Task

Healthy Eating

I wouldn’t consider myself a health nut by any stretch of the imagination.  In fact, up until the point I graduated college, I would have to categorize myself as anti-healthy.  Even though I was extremely active and played tennis, baseball and golf throughout high-school and college, it was the food that I liked to eat […]

Published or Updated: January 22, 2011

When is a Closed Credit Card Account Balance Due?

Closed

Thinking about canceling a credit card? Wondering what that will do to the balance or payment schedule? Wondering whether you have to pay the balance first? Or, are you facing the frightening possibility of credit card default? As it turns out, closing a card is relatively easy, regardless of whether or not you have an […]

Published or Updated: April 4, 2013

The Best Gas Credit Cards of 2014

True Earnings

One of the best ways to diffuse gasoline costs is to pick up a gas rewards credit card.  When looking for the best gas credit card, the most important thing to consider is the percentage in cash back you’ll receive with each purchase.  Some cards have tiered percentage amounts while others offer straight cash back.  […]

Published or Updated: May 14, 2014

What To Do With Those Old Electronics

Old VCR

By now, everybody has an old cell phone, mp3 player, digital camera, or any number of other types of electronics floating around. But, what’s the best thing to do with them? Are they worth anything? Should you just throw them away? What if somebody reads all those embarrassing text messages to your now-former significant other? […]

Published or Updated: April 21, 2014