A lack of financial literacy costs American's $415B per year. We're here to change that and supply you with the confidence, knowledge, and skills to manage your money efficiently.
If you enjoy putting pen to paper, you’ll love the Qoins Debt Snowball Tracker. This awesome download will hold you accountable and help you track progress on your way to $0 balance!
Hitting a savings goals week-in, week-out is a real challenge! Download the Qoins Savings Goal Tracker to keep tabs on your progress, one contribution at a time.
A wise man once said ’It's not what you make but how much you spend’. Download our Budget Template to better understand what you’re making, where you’re spending, and how much is left over.
There’s a reason they call it ‘take-home pay’. Get a handle on every deduction coming out of your paycheck so you can budget accordingly. Our calculator helps you do just that!
A balance transfer is the transfer of the balance in an account to another account, often held at another institution. It is most commonly used when describing a credit card balance transfer.
Balance transfer
The amount of money withheld from your paycheck based on how many allowances you claim. Your marital status and whether you have children will affect your allowances. If too much is withheld from your paycheck, you'll get a tax refund. If too little is withheld, you'll owe.
Withholding
An inquiry that occurs when a company checks a potential client’s credit report as a background check before a lending decision. Soft inquiries don’t affect a potential borrower’s credit.
Soft Credit Pull
The lump sum of money you pay toward buying a home when you take out a mortgage. Making a down payment of at least 20% of the price of the home prevents you from having to pay private mortgage insurance, an extra fee that protects the lender.
Down payment
A financial contribution to an account, like a traditional IRA or 401(k), where the money enters the account before you pay taxes on it.
Pre-tax contribution
An unsecured debt is a debt for which the creditor does not have a security interest in collateral, and the creditor is therefore not entitled to take property from you to satisfy that debt without a judgment. Common types of unsecured debt are credit cards, medical bills, most personal loans, and student loans.
Unsecured Debt
The percentage of your available credit that you are using. In other words, your total outstanding credit-card balance divided by the total of all your credit cards' credit limits.
Credit utilization
The earned money left over after taxes, health insurance, rent or a mortgage payment, and all other living expenses have been covered.
Discretionary income
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