USALLIANCE Blog

College is an investment in your future, but how much should you be borrowing against your future self? If you’ve heard about the student debt crisis (it's estimated that the total US student loan debt reaches up to $1.52 trillion dollars), you know that college graduates are taking on more debt than ever. In 2016, the average student had around $37,172 in loan debt. Debt like that often influences the kinds of jobs borrowers wind up taking, and can delay major life events like buying a home, getting married, and having children.

So how much should you borrow if you don’t want your debt to hold you back in the future? Here are a few things to think about that will help you make a more informed decision:

Money market accounts (MMAs) are interest-bearing accounts that typically earn higher interest rates than traditional savings accounts.

These accounts require you to maintain a minimum balance, but allow limited access to your funds. So how else do money market accounts differ from other savings accounts?

Let's talk Health Savings Accounts. 

What are they? Well, a HSA (Health Savings Account) is a tax-free medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP).

An HDHP is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. Being covered by an HDHP is a requirement for having a health savings account.

Increasingly, employers are offering HDHPs as their health insurance benefit of choice. This means lower premiums for you, but higher deductibles. If you have an HDHP, you’re eligible for an HSA, so read on.  

Ah, investing. The clarion call of a Warren Buffet-esque existence is hard to resist. But before you go make a fortune off graphene stocks, here are some basic do’s and don’ts.

So you’ve found yourself in a little bit of credit card debt. It’s okay—it’s possible you can pay it off without spending a fortune on fees or interest.

An easy way to do this is to transfer your balance from one credit card to another. Essentially, you’d use one credit card to pay off another credit card and end up consolidating your debt. However, you’re usually charged a fee or percentage rate by the receiving card to make the transfer. Some credit card companies run a 0% interest or free balance transfer promotion from time to time. You might be thinking, “Shouldn’t I just wait for one of these promos and continue to pay interest because right now the transfer rate is high?” Well, that might not always be the best situation.

Here’s why.

Whether you are purchasing your home or refinancing it, you'll want to keep the following do’s and don’ts in mind after you’ve applied with USALLIANCE for your closing to go as smoothly as possible.

Just because you’re on a limited budget doesn’t mean that travel is out of the question. All it takes is some ingenuity and flexibility to set yourself off on a big adventure. If you’re willing to think outside the box, bump up your savings or income, and do a bit of research, your next trip is within reach!

If you’re a Millennial, chances are that the mention of the words “finance books” makes you glaze over. But it’s also likely that a conversation about getting rich will make you perk up! For a generation that spent early adulthood in the recession, getting on stable financial footing might take a little more guidance and patience than it did for the previous generation.

The number one thing holding most people back from owning a home is jumping the hurdle of a 20% down payment. For most people, saving such a big chunk of money seems insurmountable. However, with determination, commitment and a little creativity, you can set yourself up to purchase a home within a fairly short period of time.

Life is full of gains, losses, and unpredictable curveballs that can throw you off your game. No matter how careful or cautious you are, there isn’t a way to avoid illness, accidents or disasters. If something does go wrong, it’s important to be insured.