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The Free Application for Federal Student Aid (FAFSA) provides the Department of Education with information about your family’s financial standing, and other factors influencing your ability to pay for college. The form is used to draft a snapshot of your college financial outlook, so that school financial aid offices can construct customized financial aid packages to help you pay for school. Another big question is where to keep your emergency fund . A savings account is the best option because it is cheap and allows you to withdraw cash quickly and without hassle. As you accumulate more savings, you can consider an account which brings higher interest so that you can make extra money. Other options include certificates of deposit and money market accounts. The former are quite secure, but there are penalties for withdrawals while the latter give you the opportunity to earn more but at a higher risk of loss. How Bad Credit Can Affect You Sure, bad credit can make it harder for you to get a loan but it affects other things, too. Today’s business owner is constantly on the lookout for growth opportunities and must move quickly to take advantage of them. An opportunity for an acquisition or expansion can arise suddenly and needs an immediate response—and immediate cash. There’s also the need to purchase equipment or inventory. And of course, there will always be emergencies and cash flow gaps that need to be quickly managed with working capital.
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