This week: The 5 worst career mistakes, the importance of a social life, 3 money problems you need to solve, 9 ways to avoid marital money fights and whether the undocumented can get a mortgage.
[Credit.com] “To get a mortgage in the U.S., you generally need at least a 600 credit score, a 20% down payment (or the ability to pay more for mortgage insurance) and a 43% debt-to-income ratio. What you don’t necessarily need is U.S. citizenship.“
While it may be possible for an undocumented immigrant to get a mortgage, this article explains that it may not be easy. There are few lenders that want to deal with the extra paperwork, and trying to prove you are creditworthy without a credit file is no walk in the park. Check out the post for more.
[The Dollar Stretcher] “Before money troubles cause problems in your relationship, or even if they have already begun to, you can sit down and tackle your finances together. Here are some tips to get started.”
This is a topic we have discussed many times over the years, but there’s always something new to learn. The tips in this article include deciding how you’ll chip in on the bills, giving each of you an allowance, not keeping secrets and setting both budgets and goals together. Having issues? Give it a read.
[Credit Sesame] “Good financial habits take time to develop, but the payoff is being able to sleep at night without worries over money giving you nightmares. If you haven’t polished up your financial skills yet, simple things like paying bills, saving money and improving your credit score could be a source of misery.”
The three problems the title refers to include a low credit score, no credit at all and struggling to build a savings account. And the author is right. Building good credit isn’t rocket science and having good credit definitely makes your life easier. So does having an emergency fund. If you’re lacking in any of these areas, check out this article for tips to improve both your finances and your life.
[Debt.com] “Working with people that have debt issues or are struggling with their finances, one area we do go over is do they go out, to the pub, have a drink, a meal, how do they socialise.”
This article was written by a Brit — hence the different spelling of the word “socialize” above. It laments the fate of the British pub scene (many are closing) and reminds us that while not spending more than we make is crucial, so is having a social life. Feeling lonely? Give it a read, then grab a pint.
[Wise Bread] “Figuring out how to get ahead in modern corporate environments can sometimes feel like an entirely separate (and full-time) career. Politics change, mergers reset the playing field, and bosses come and go. It’s enough to make you want to pull out your hair.”
The worst career mistake I ever made was the career I initially chose: accounting. While great for some, it definitely wasn’t my cup of tea.
The mistakes this author is writing about, however, are a bit more subtle than choosing the entirely wrong path. They include improper attire, partying too hard at office functions, being too complacent, being angry and not being a team player. If you’re about to enter or re-enter the workforce, check this one out.