Newsletter
Better Finances for a Better You
← 058 Neontra Newsletter Issue #057 056 →
Estimated reading time: 5 minutes
Did you know?
Many credit card companies offer their customers, and sometimes others, a free look at their credit scores.
Top sources for free credit scores →Word of the week
Variable APR
Variable APRs are subject to change at any time and are based on changes in the prime rate.
What causes variable APRs to change? →Budgeting
These 3 Drawbacks of 'Loud Budgeting' Might Hold You Back From Saving Money by Ben Gran
The downsides of loud budgeting, according to Clarify Capital's survey of Gen Z →Quote of the week
"Money has no inherent value; it's what we do with it that matters."
- David Chilton, The Wealthy Barber: The Common Sense Guide to Successful Financial Planning
Infographic of the week
The Top 5 Reasons People Hire a Financial Advisor
From saving for a down payment to planning for retirement, clients turn to advisors to guide them through life’s complex financial decisions. However, many of the key reasons for hiring a financial advisor stem from emotional factors and go beyond purely financial motivations.
Investors' motivations for working with an advisor go beyond financial reasons →Saving
Graham Stephan: How To Save $10,000 Fast
The first step to saving $10,000 fast is to break it down into something more manageable. Stephan suggested determining a realistic time frame instead of just using an ambiguous period.
For example, to save $10,000 in one year, you’ll need to save:
- $833 per month
- $27.40 per day
- $1.40 per hour
- $0.02 per minute
Investing
Stock Investment Tips for Beginners
Starting to invest? Tips for beginners can help you start to fine-tune your investment strategies and take advantage of stock investment tools.
CharlesSchwab - Don't think of yourself as a beginner at all →Serious Stuff
Your credit score is based on five core factors:
- 35% – Payment history
- 30% – Credit utilization
- 15% – Length of credit history
- 10% – Inquiries and new credit
- 10% – Diversification of credit