Whats an FHA loan? FHA loans are backed by the U.S. government through the Federal Housing Administration. The FHA doesnt lend you money; it insures the loan. That means the FHA will pay your lender if you stop making mortgage payments. As a result, its less risky for lenders to give mortgages tobuyers with lower credit scoresand down payments. you might get an FHA mortgage with just 3.5% down if your credit score is 580 or higher....

When you log into your bank account, how do your savings look? Probably not as good as youd like. It always seems like an uphill battle to build (and keep) a decent amount in savings. But what if your car breaks down, or you have a sudden medical bill? Were not judging we dont roll like that. Were here to help. Those pants are sweet. Its there for people like you....

Budgeting can seem so solitary sometimes. Youre trying to getyourincome to coveryourexpenses and meetyourfinancial goals. The Penny Hoarder Communityis a great place to connect with other money-minded people. Ever heard of the EveryDollar app? The Financial Peace University? If youve got a question or concern about this specific money management app, bring it to theYNAB subreddit. Probably not as good as youd like. It always seems like an uphill battle to build (and keep) a decent amount in savings....

Since its 2005 founding, the online marketplace now hosts more than 2 million sellers and 39 million buyers. For that, there are plenty of otherplaces to sell stuff online. It also isnt the greatest choice to list your tchotchkes after binge-watching Marie Kondos Netflix special. Lena Gosik-Wolfe started her craft business selling custom 3D-printed cookie cutters. Now she helps others understand how to sell on Etsy. Aileen Perilla/ The Penny Hoarder...

There comes a point in every gamers life when your cherished video-game collection isnt getting the attention it deserves. Lifes demands take over, or a new gaming system comes out, or you simply outgrow them. Instead of dooming the discs to an eternity in cardboard boxes, consider selling them. Chris Zuppa/The Penny Hoarder Depending on how well you took care of them, they could make you a lot of money....

Its difficult to know if youre saving enough for retirement. And how do you know the market will be so reliable? Experts often suggest you have anest eggof $1 million to $1.5 million saved when you retire. Can that possibly be right? Is everyone else sitting on six figures? It goes without saying that the amount of savings youll need to retire depends on your individual situation. But lets face it: We all want to know what the neighbors are saving....

Generally speaking though, borrowing from your future is a bad deal even when youre paying interest to yourself. The loans are tax-free and usually repaid through automatic payroll deductions. The interest you pay goes back into your retirement fund, so the appeal is obvious. Of course youd rather pay interest to yourself instead of a bank. No Interest Til Almost 2027? But what if you cant afford to repay it?...

Theres more to Reddit than cat photos. There are also cat videos, cat paintings and cat simulators. Oh and a lot of good strategies to make money. Need a banking service that’s built for freelancers, helping you save for taxes and keep track of your expenses?Check out Lili.(It’s free!) (Dont believe me? Go ahead, try it. Ill wait… Hmm, so theydohave a thrivingcommunity for people who like to Photoshop human arms onto birds?...

You cant walk into a store or flip through an ad without noticing the shift. Gone (or at least relegated to the clearance racks) are the shorts and T-shirts. Jeans, pants and sweatshirts have filled the space. Getty Images As a mom of two middle-schoolers (yikes! ), here are seven ways I save on getting their wardrobes ready for the new school year. No Interest Til Almost 2027? I check their khaki pants and shorts and their polo shirts....

It can be expensive living on your own. Student loan debt is increasing. And wages remain stagnant. All of it can make you want to abandon adulting and move back in with Mom and Dad. Or instead, you could cut costs by living with complete strangers. Yup, you read that right. Coliving can significantly slash your living expenses. Its when you share a home with multiple, unrelated people. Probably not as good as youd like....

In a world thats all about living your best life,life insurancejust doesnt fit. One option to consider is whole life insurance. What Is Whole Life Insurance, and How Does Cash Value Work? So what is whole life insurance? Probably not as good as youd like. It always seems like an uphill battle to build (and keep) a decent amount in savings. But what if your car breaks down, or you have a sudden medical bill?...

Real Answers for Life’s Money Challenges Im hoping to retire in four years. I have $3,000 in credit card debt and $60,000 in auto and RV debt. I cant find any assistance for co-signers of school loans. My daughter is estranged from me, so she has no intention of helping me or even finding employment. Do you have any advice on how to handle? When you co-signed your daughters student loans, you and your daughter became equally responsible for repaying them....

Lets cut to it: Back-to-school shopping can be quite the challenge. First, its expensive. Parents budgeted an average of $122.13 on back-to-school suppliesper kidlast year, according to the National Retail Federation. Chris Zuppa/The Penny Hoarder Second, its time-consuming. And if the kids are in tow, conditions can quickly deteriorate. And those classroom supply lists? Dang, theyre specific. Of course, you might never find everything you need at one store. Thats why were here to help you out....