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American Financial Solutions Blog

Financial Tips for Parents to Teach Their Children

Children often dream of the day they can call themselves grown-ups, but few look forward to let alone think about the financial realities of independence. It's never too early to start teaching your children how to save money and spend responsibly. Here are some financial tips to giving our kids a strong foundation of financial skills like budgeting and saving so they thrive as adults and can concentrate on the things they love.

Missing Money; Subscriptions, Free Trials and Other Places to Check for Leaks

Sometimes in life routines can cause us to overlook areas of spending that are not necessary. However, neglecting these areas can cause a big dent in our budgets and stifle our best attempts to increase savings or bring a budget back on track. Here are some of the most overlooked areas of spending that could be impacting your finances.

Seven Things That Won't Affect Your Credit Score

It' s true that missing the due date on some of your bills will damage your credit score, but there are some financial transactions that don't have any effect, either good or bad.

7 Steps to Save Money on a Remodel

Everyone has a defined budget he or she can allocate toward a remodeling or updating project. Even if funds were unlimited, it's still in a everyone's best interest to secure the best value for each dollar invested in a remodeling project, ultimately improving the beauty, comfort and, value of the home.

Neobanks, Your Money and What to Look For in Safety

For many of us the term neobank is unfamiliar, but mention online only banking and “fintech” and the picture begins to get clearer. A neobank is a is a type of bank that operates exclusively online without physical branch networks. Some neobanks operate in partnership with a traditional bank and others are financial technology companies that offer bank like services. The latter is important to understand.

Precision Tuned Budget, Maximize Stimulus and Refund Money

Here are some ideas on how to use tax refunds and economic stimulus money to improve a financial situation.

Protecting Your Finances and Your Mobile Device

If you are using your mobile phone to manage your finances, here are some steps you'll want to take to protect yourself.

Debt-to-Income Ratio: The Other Financial Health Metric

The DTI is the percentage of our income that goes toward paying our monthly debts. These ratios can often be overlooked as many people assume that a good credit score and income are the only two elements taken into consideration when seeking to purchase a home, car, or even to open a credit card. However, for many lenders, a good report and credit score are not enough to be considered a suitable candidate.

Fannie Mae or Freddie Mac Mortgages

Homeowners with mortgages owned or guaranteed by Fannie Mae or Freddie Mac may be eligible for different repayment options following their forbearance. Fannie Mae and Freddie Mac do not require a lump sum payment at the end of the forbearance.

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