Credit Info Archives – MintLife Blog

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Investing Advice

Why UGMA/UTMA Accounts Are the Perfect Holiday GiftIf you have a special child in your life, you may be wondering what to put under the tree this year. One long-lasting and truly meaningful way to show the child in your life that you care is by taking…

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Home Ownership vs Renting As A Minimalist Lifestyle Decision – MintLife Blog

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When it comes to buying a home or renting, there are many things to consider. While there are tons of resources on the financial implications of both options, I’d like to share my thoughts on buying versus renting from an intentional living and minimalist perspective. The decision to buy or rent is just as much a lifestyle decision as it is a financial one. Ultimately, if the decision to buy is made, a home affordability calculator is a great resource to get started.

Longevity and Flexibility

It’s important to consider how long you’re planning to be in a certain area and how much location flexibility you need when you’re making the decision to buy or rent. When renting, the leases are typically 12 months or less and there may be options to work out a more flexible move-out date with the landlord or management company. If you end up needing to move to a different area, you have more flexibility to do so.

It becomes a lot more complicated if you need to move away from a home you own. You’ll likely need to sell the house or rent it out—options that require more time and resources than if you were renting an apartment. With the amount of investment and time that a house requires, it’s probably best to stay in a location for at least a few years if you’re going to buy.

Personal Values

Think about how you want to spend your time. Similarly, it’s also important to consider how much responsibility you’re willing to take on. During the time I lived in an apartment, I barely changed a light bulb. There were no repairs, no additional investment and no worries.

For the past five years I’ve owned a home, it’s a whole different experience. I spend time cleaning the gutters, mowing the lawn, buying and fixing appliances and other maintenance activities that you never have to think about when you’re renting.   Regular or unexpected repairs can quickly add up to large sums when you own a home. Part of the benefit of renting is that you don’t have to deal with or budget for anything like that.

Customization

Another thing to think about is how much customization and control you’d like to have. A home you own can be customized to your exact liking, a rental on the other hand has more limitations. From painting the wall a different color to making bigger changes to your living space, you’ll have greater control if it’s your home. With a rental, any customizations would need to be approved by the owner.

Amenities

Amenities are another lifestyle consideration when it comes to buying or renting.

Most likely, an apartment will have more amenities than a typical home, such as a workout room, pool, large party room or even a concierge service. Of course, you may have the option of building or adding similar amenities to a home you buy, but it can be pricey and impractical investment. If you want a pool without the cost and maintenance that owning one would require, then renting an apartment with a community pool is the way to go.

From my perspective, whether you buy or rent has a significant impact on your lifestyle, particularly over the long-term. Thinking about what’s important to you and how you want to spend your time will help you determine what best fits your desired lifestyle.

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Early Career Archives – MintLife Blog

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Mint Money Hub: What to Know About Coronavirus (COVID-19) and Your Finances – MintLife Blog

We will continue to add updates, so keep checking back for resources and answers to your questions.

First, we want to say that we hope everyone stays safe and healthy. Check out online resources from the CDC on guidance about the coronavirus disease (COVID-19).

Mint is tracking the latest developments and potential impacts COVID-19 may have on your finances, to provide you with as many helpful insights and resources we can to ensure your financial health remains intact, too — we’re all in this together.

Does Travel Insurance Cover Coronavirus?Does Travel Insurance Cover Coronavirus?

For those of us who are still nervous about travel and wondering if the trip insurance we bought covers coronavirus, let’s dive into the details.

How to Take Control of Your Finances When Money is Tight

How to Protect Your Credit Health When Money is Tight

Right now with the rise in unemployment, it’s important to take an active role in our finances. Here are steps you can take to protect your credit health.

8 Ways to Support Businesses during COVID-19 8 Ways to Support Businesses During COVID-19

Here are a few ideas on how you might be able to support local and small businesses during the current COVID-19 pandemic.

What Financial Institutions Are Doing to Help Their Customers

What Financial Institutions Are Doing to Help Their Customers

With so many people in financially precarious situations, many banks have changed policies to aid their affected customers. Here is a brief rundown.

Coronavirus Unemployment Benefits: How to Apply for Unemployment Benefits When Laid Off

Coronavirus Unemployment Benefits: How to Apply for Unemployment Benefits When Laid Off

Have you been laid off because of coronavirus? This guide lays out the next steps, including applying for benefits and health care.

Unemployment Benefits for the Self-Employed COVID-19 Guide for Independent Contractors

Unemployment Benefits for the Self-Employed [COVID-19 Guide for Independent Contractors]

Self-employed now qualify for unemployment benefits as a result of COVID-19. If you’re an independent contractor, learn about your options with this guide.

Emergency Budget: How to Adjust Your Budget for COVID-19

Emergency Budget: How to Adjust Your Budget for COVID-19

Use this step-by-step guide to create an emergency budget to help you weather the financial impacts of coronavirus.

Tips to Help You Stay Productive and Sane While Working From Home

6 Tips to Stay Productive (and Sane) While Working From Home

With the onset of COVID-19, many, if not most, businesses are transitioning to a work-from-home model. Here are six tips to help you while working remotely.

The Biggest Financial Mistakes People Make When Everyone is Panicking

The 6 Biggest Mistakes People Make When Everyone is Panicking

Let’s talk about some big financial mistakes you can avoid and keep yourself on the road to financial success and stability.

Managing Credit During CoronavirusManaging Your Credit Score During Coronavirus

In response to the COVID-19, the government – and many banks and credit unions – have adjusted their policies. See how these changes may impact your credit.

What the Stimulus Package Means for You

What the Stimulus Package Means for You

Here’s a rundown of what’s in the CARES Act, what kind of stimulus payment to expect and how it may affect your tax strategy.

Ask a CFP: How Do I Manage My Finances During COVID-19

Ask a CFP: How Do I Manage My Finances During COVID-19

VIDEO: Mint and Turbo’s Certified Financial Planner, Brittney Castro, answers your top financial questions to you help you manage your finances. Watch now.

Turbo Tax Stimulus Registration

Free Stimulus Registration For Those Who Are Not Required to File Taxes

People who are not required by the IRS to file a tax return and do not receive social security benefits can use the free TurboTax product to easily provide the IRS with the information they need to calculate and send stimulus payment.

What the Coronavirus Stimulus Package Means for You

Get Your 2020 Stimulus Check As Soon As Possible

Quickly see if you qualify for a stimulus payment and how much you can expect with the TurboTax Stimulus Calculator. Whether you’ve filed taxes or not, take these steps to ensure the IRS has your most up-to-date information.

What to do if you can't pay your bills during coronavirus

What to Do If You Can’t Pay Your Bills During Coronavirus

If COVID-19 has affected your ability to pay your rent, mortgage or cover your other bills, here’s what you can do to get through this time.

How to Manage Student Loan Debt During COVID-19

How to Manage Student Loan Debt During COVID-19

The government announced new, short term but open-ended policies for federal student loan holders. Here’s what you need to know to manage student loan debt.

Coronavirus stock market

Coronavirus: What You Need to Know to Get Through This Volatile Financial Time

Here are 10 important things you can do with your money right now.

COVID-19 and Finances: Ultimate Money Tip and Resource Guide

COVID-19 and Finances: Ultimate Money Tip and Resource Guide

This financial guide offers free tips, services, and financial aid programs to help as a resource to manage during Coronavirus.

Mint and Turbo CFP Answers Your Top Financial Qs

VIDEO: Mint and Turbo CFP Answers Your Top Financial Qs

We asked our Minters to share their top personal finance concerns during this time. From smart investing to revising your budget, Brittney Castro, Mint and Turbo’s Certified Financial Planner, shared her top tips. Watch here.

Health, Fitness and Wellness Resources

Health, Fitness and Wellness Resources

From health insurance updates to free fitness apps, here’s the information you need to put your mental and physical health and wellness first.

Tax UpdateFederal Tax Updates 

The federal tax filing deadline has been extended to July 15, 2020. State deadlines may vary, see state-by-state updates from our friends at TurboTax.

Families First Coronavirus Response Act: Everything Taxpayers Need to Know About the New Relief Bill

Everything Taxpayers Need to Know About the New Relief Bill

On March 18, President Trump signed into law, legislation to provide additional relief for individuals impacted by Coronavirus (COVID-19). Learn what it means for your family.

Canceling Travel Plans: Updates From Airline and Hotel Companies Canceling Travel Plans: Updates from Airlines and Hotels

The U.S. Department of State has issued a do not travel advisory. The following are updated airline, hotel and vacation rental change and cancellation policies.

<img data-attachment-id="10551" data-permalink="https://mint.intuit.com/blog/credit/credit-card-reviews-best-credit-cards-for-families/attachment/happy-family-having-fun-at-home/" data-orig-file="https://blog.mint.com/wp-content/uploads/2019/06/Stocksy_txpf483c710cUH200_Small_2345818.jpg" data-orig-size="865,577" data-comments-opened="1" data-image-meta=""aperture":"0","credit":"Santi Nunez / Stocksy United","camera":"","caption":"Happy family having fun at home. Multiethnic family concept","created_timestamp":"0","copyright":"All Rights Reserved","focal_length":"0","iso":"0","shutter_speed":"0","title":"Happy Family Having Fun At Home","orientation":"0"" data-image-title="Free Educational Resources for Kids" data-image-description="

Credit Card Reviews: Best Cards for Families

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Free Educational Resources for Kids

To help keep your kiddos entertained, while also making the most of their time away from school, here are some free and fun educational resources.

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Unemployment Archives – MintLife Blog

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