USALLIANCE Blog

You already carry your phone everywhere, so why not turn it into your wallet too? Go digital and ditch your physical wallet for good—everything you need to pay can be stored right on your mobile device. Between Mobile Wallets and third-party apps like PayPal, you can modernize your wallet in a matter of minutes.

Credit Builder Loans or Second Chance Loans, are a great choice for borrowers who need quick access to cash, but have low credit scores or little to no credit history. Through these types of loans, subprime lenders give consumers the opportunity to get their finances back on track.

As much as everyone should be entitled to a freebie this year, tax season 2020 is here. We still have to file our taxes with the state and federal government—boo!—but there are a few silver linings to the dark, billowing clouds that were 2020, such as stimulus cash and a filing extension.

Opening a USALLIANCE Financial MyLife Checking for Teens account is a simple way to teach financial responsibility and money management skills to your teenager. With a teen account, you can monitor purchases and limit your child’s daily spending—giving them just the right amount of freedom.

Taking out loans can be a convenient way for consumers to make large purchases such as homes, properties or vehicles. Consumers can also use them to pay off credit card debt or to fund higher learning, such as college or graduate school.

When you think of saving money, you may think of simply setting aside your money into a traditional savings account offered by your financial institution. After all, they are called savings accounts.

Establishing good credit is important! Having limited credit history or a poor credit score can hinder consumers, making it difficult for them to rent or buy a home, obtain a loan, or purchase a vehicle. An individual’s lack of credit may also lead to high interest rates when signing up for credit cards — a poor score could result in paying an APR of up to 24 percent.

No one is born with financial knowledge. It can take a lifetime to cultivate fiscally responsible habits, but teaching children how to set a budget, avoid debt, invest wisely, and save cash will help prepare them for financial success in the future.

Whether you are looking to make a purchase, split a dinner bill, or get paid, several digital options are designed to make your life easier. PayPal and Venmo are two of the big-names in the peer-to-peer payment world. These online platforms are meant to make exchanging money as simple as possible, with no cash, no credit card, and not even a wallet. The only requirement? A smartphone.

In years past, the ability to manage one’s own money seemed out of reach for many. The technology, the language, and the pressure to get it right — all contributed to the perception that your wealth management should be left to professionals.