Michael Menninger

2 weeks ago | lendedu.com | Maryalene Laponsie |Michael Menninger

Physical gold and gold exchange-traded funds (ETFs) are two popular ways to invest in precious metals. While both allow investors to diversify their portfolios with gold, they operate in different ways. When it comes to physical gold versus gold ETFs, neither is inherently better than the other as an investment. Each has its pros and cons, and each will appeal to different investors.

2 weeks ago | lendedu.com | Cassidy Horton |Michael Menninger

Budgeting is one of the most powerful money tools out there. But finding the right method? That’s where things get tricky. If you’ve heard of zero-based budgeting but aren’t sure what it is or how it works, you’re not alone. This method gives every dollar a job and helps you plan your spending down to the last cent. Here’s what zero-based budgeting is, how it compares to other systems, and how to know whether it’s the right fit for you.

2 weeks ago | lendedu.com | Catherine Collins |Michael Menninger

When you cosign student loans for your child, you are legally agreeing to be responsible for their debt. Their private student loan will be on your credit report, and it could hurt your credit if they forget to pay their bill. However, your child may need a cosigner to qualify for a private student loan, as most students lack the credit score or income required to qualify on their own.

2 weeks ago | lendedu.com | Jess Ullrich |Michael Menninger

Refinancing a student loan involves replacing an old loan with a brand-new one. While you might decide to refinance for a few reasons, it’s common to go this route if you want a lower interest rate or a different repayment term. There are no restrictions on how often you can refinance your student loans. So if rates decline in the future and you’ve already refinanced once before, you can do so again, provided you meet lenders’ qualification requirements.