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March 22, 2024
By
The Admiral Staff
The author shares their experience transforming from someone with a loosely defined “budget” to effectively managing their finances. They dispel five common myths about budgeting: it’s not complicated, requires no math skills, takes too much time, restricts fun, or is a one-time setup. Instead, the author advocates for a simple, regularly updated budget (even just listing income and expenses) to gain control over spending, prioritize financial goals, and ultimately reduce financial stress.
October 28, 2023
By
The Admiral Staff
Refinancing your car loan can potentially save you money, especially as average auto loan debt has increased significantly. Using a service like Lantern by SoFi allows you to quickly compare rates from multiple lenders without fees or credit impact. While a credit score above 600 and a vehicle younger than 12 years old are beneficial, many people could still qualify for lower interest rates and monthly payments.
July 6, 2023
By
The Admiral Staff
Housing costs are rising faster than incomes, impacting many Americans. To combat this, homeowners can explore several strategies to reduce mortgage payments and overall housing expenses. Options include loan modifications, eliminating private mortgage insurance (PMI) through a larger down payment or alternative loan structures, buying a less expensive home, downsizing, refinancing, reducing property taxes and insurance costs, making extra payments, and strategically utilizing credit card offers. Careful planning and consideration of long-term costs are essential when making decisions about mortgage management.
