In an ideal world, humans would be great at keeping track of their own expenses and savings or we would have robots and algorithms smart enough to autonomously manage all of our financial matters for us. Since neither of these ideal scenarios exists, it’s up to us to figure out the best solutions for managing our finances, tracking our expenses, calculating our budgets and figuring out how to avoid/overcome common personal finance problems like accumulating debt or saving money inefficiently. There are plenty of budgeting apps, robo-advisor … [Read more...] about Wismo Review – Budgeting and Expense Tracking Smartphone App
We all understand that companies collect information on our behaviors, our shopping patterns and the like. But we collect data about ourselves, too. The problem is that we're not analyzing much of it. And we're missing a big opportunity to improve our lives and our finances. A friend was recently asking me about Fitbit. Most of my friends know that I'm a huge fan of Fitbit, those little pedometers on steroids, that help you monitor the number of daily steps you take and things like calories burned, food consumption, weight, sleep patterns … [Read more...] about You’re Collecting Information You Are Not Using
In the past, sending money between family and friends could pose a challenge for many people. You either had to mail a check, complete a wire transfer, or wait to see them in person before delivering cash. Borrowing and lending would take at least a couple days, if not weeks to complete the transaction, assuming no issues arose along the way (e.g., check lost in the mail). Nowadays, money transfers are more cost-effective, secure and instantaneous than ever. While some payment apps may require you to wait a day or two for transferred funds … [Read more...] about Review of Zirtue – How to Lend and Borrow Money With Friends and Family
The government-funded Public Service Loan Forgiveness (PSLF) program launched in 2007, but despite high hopes for this program – which was designed to bring financial relief to thousands of Americans struggling with student loan debt – the results have been abysmal so far, with only 1,216 applicants achieving loan forgiveness as of September 2019. Compare that to the 100,000+ applicants who have been rejected by the program, whether due to ineligible employers (“public service” isn’t as clear-cut as you might expect), missed payments (or … [Read more...] about How Can You Qualify for Public Service Loan Forgiveness?
Do you find yourself short on cash by the end of every month? Are you trying and failing to meet savings goals? It may be time to reassess your personal cash flow. Cash flow simply refers to your income after taking away your expenses. Ideally, you should have money left over after taking expenses out in order to save rather than accumulate debt. Taking a good look at where your hard-earned money goes each month can help you redirect it in more advantageous ways that you are better able to maximize your paycheck. Here are a few first … [Read more...] about Simple Ways to Free Up Your Personal Cash Flow
Divorces can be financially devastating. Not only is the loss of a spouse's income detrimental to your fiscal health, but you also lose moral support, often retirement benefits, and the safety net that comes from having a partner. You can rebuild after divorce and get your life back on track. A few critical steps will help you start getting your life back together and rebuild after divorce. Forgetting or delaying these tasks will cost you precious time and money, and add to your headaches. Rethink Your Retirement Planning Money is … [Read more...] about How to Rebuild After Divorce and Get Your Life Back on Track