Interest - Financial IQ by Susie Q

A charge for borrowing money, most often based on a percentage of the amount owed.

The Best Ways to Pay Off Your Debt August 15, 2019

The best way to pay off your short-term and revolving debt depends on your priorities and what motivates you. Two of the common approaches for determining the order in which to re-pay your loans discussed in financial literacy circles are the Debt Snowball and Debt Avalanche approaches. Both of these methods apply when you have […]

Susie Q

Credit Cards: What You Need to Know July 30, 2019

Credit cards are a terrific convenience but also can be very costly. Effective use of a credit card can make life easier and improve your credit score. On the other hand, it is easy to buy more than you can afford using a credit card, leading to high interest charges and a lower credit score. […]

Susie Q

Tax-Efficient Investing Strategies – Canada July 9, 2019

You can increase your savings through tax-efficient investing. Tax-efficient investing is the process of maximizing your after-tax investment returns by buying your invested assets in the “best” account from a tax perspective. You may have savings in a taxable account and/or in one or more types of tax-sheltered retirement accounts. Your investment returns are taxed […]

Susie Q

6 Ways to Slay Your Student Debt This Year June 25, 2019

From Susie Q: I’m not as familiar with student debt as I am with the other topics on which I write, so was pleased to accept this guest post from Kate Underwood. Kate is a freelance writer and staff writer for Club Thrifty, a website dedicated to helping people dream big, spend less, and travel […]

Kate

Tax-Efficient Investing Strategies – USA June 11, 2019

Susie Q