Did you know that 70% of Americans reportedly wouldn’t be able to cover a $2,000 unexpected expense? Perhaps this figure isn’t surprising, especially if you’re in the same boat. So, what happens when huge expenses arise out of nowhere? Typically, people either put the expense on their credit cards – and rack up more debt as a result of high interest rates – or take out a personal loan (also with considerably high interest) to cover the emergency costs. This can be a serious setback for anyone trying to improve their financial situation, but … [Read more...] about MoneyLion Review – Personal Loans, Credit Monitoring, Rewards, and More
Christmas is right around the corner, but luckily, we still have over a month to plan this year’s gift list and try to save money by avoiding last-minute shopping. Do you know how to save money on Christmas gifts? Below I’ve listed some ideas that might help you spend less on your gifts this year and even make Christmas shopping an enjoyable (and dare I say it, stress-free) experience. How to Save Money on Christmas Gifts Actually Write a List Although obvious, most of the time we just go shopping and completely forget to list the … [Read more...] about 5 Smart Ways to Save on Gifts this Christmas
When you’re planning your budget for your next holiday, you might be worried about how much you’re going to have to spend. Or, maybe you’re putting off taking a holiday because you can’t afford it. Either way, there are a number of ways that you can ways to save money for your next holiday so you can enjoy it without breaking the bank. How to Save Money for Your Next Holiday Here are the top 5 ways to save money for your next holiday. House Sit House sitting is a great way to save money for your next holiday. Rather than spending money on … [Read more...] about Top 5 Simple Ways to Save Money for Your Next Holiday
In the movie Pirates of the Caribbean: Curse of the Black Pearl, Captain Barbossa refers to the pirates’ code as “more guidelines than actual rules.” Similarly, many people understand what good personal finance rules are, yet they treat budgeting advice, “live within your means,” and investment strategies from experts more like guidelines that can be loosely followed.
4 Simple Ways to Jumpstart Your Finances
The problem with this mentality is that ignoring some personal finance advice can lead to stagnancy: living paycheck-to-paycheck, only … [Read more...] about
Even if you’re single, your personal credit score matters to other people beyond just your landlord and lenders. In fact, a new survey from Discover Financial Services and Match Media Group (parent company of the Tinder dating app) found that 69% of the 2,000 people surveyed agreed that financial responsibility is an extremely important quality to them when it comes to finding a romantic partner. Surprisingly, financial responsibility ranked higher than a sense of humor (67%), attractiveness (51%), and ambition (50%). What does this … [Read more...] about Can Your Credit Score Affect Your Dating Life?
Most parents do a wonderful job of preparing their kids for academic success, future jobs, and raising families of their own, but countless studies released over the past several years indicate that parents have somewhat failed to educate their kids in one crucial category: personal finance. Younger generations are experiencing almost unprecedented financial struggles as they get into their 20s and 30s, but is it really due to them just being “lazy” like the media headlines suggest? Why else would the quality of their lives be decreasing … [Read more...] about Did Our Parents Teach Us Bad Habits About Money?
The idea of “keeping up with the Joneses” is less of a financial phenomenon than it is a psychological one. While it certainly involves spending a lot of money to mirror the life of someone you admire (or are jealous of), a lot of it boils down to psychologically-induced spending habits in a misguided race to “have it all.” How to Stop Keeping Up with the Joneses Rather than blowing your money on impulse purchases to maintain a similar lifestyle as your family members, friends, or neighbors, here are some helpful strategies to rein in your … [Read more...] about Top 4 Ways to Stop Keeping Up with the Joneses
You might have heard about the Health Savings Account (HSA) when analyzing the list of insurance options your employer has available. It’s a recent thing and shows a lot of promise in allowing people to save up for the health costs that are almost always associated with aging and retirement. There are many benefits of a Health Savings Account. In fact, more and more applicants are jumping on the bandwagon - and for very good reasons, as you shall see below. In this article, we’ll go over the cover and benefits of HSA, and the ways in which … [Read more...] about What Are the Benefits of a Health Savings Account?
Disclaimer - This is a sponsored post by PSECU, a credit union in Pennsylvania. When was the last time you re-evaluated your budget? The task of reviewing, pruning and re-allocating our money often gets lost in the minutiae of life. You get too busy earning money that you forget to manage what you already have. What’s the point of going back out to the field to get a bigger harvest, if the veggies you picked last week are rotting at home because you didn’t take the time to can, dry, or preserve. Similarly, good money management is … [Read more...] about How to Manage Your Money – 6 Steps for Better Money Management (Infographic)
Even when you think you have no room left in your budget to cut expenses, you might be surprised by how many things you’re still needlessly spending money on when there are cheaper or even free alternatives available. Spending money on needs and wants is a psychologically rewarding activity, which is why it’s so easy for us to overlook areas where we could/should rein in our spending, but if you want to accomplish your financial goals then wasteful spending areas are the best places to make some progress and stop wasting money. Things You Are … [Read more...] about 6 Useless Everyday Products to Stop Wasting Money On