When it comes to financial habits, budgeting, saving, and setting important goals are all well and good. However, mostly they look at the money that we spend actively. Modern life tends to be a little more complex with that, with many of our transactions being done automatically. As such, it’s important to have a “money day” once a month that looks at where your money is going without you actively spending it. Here, we’re going to look at what you should do with your money day. The Danger of Growing Subscription Costs One of the more … [Read more...] about Why You Should Have a “Money Day” Every Month
If you are operating your household on one income or living from paycheck to paycheck, you understand the importance of managing every dime that you earn. Use these tips to learn how to manage your money and save a little for a rainy day.
It has been said that the only certain things in life are death and taxes. Americans can now add student loan debt to that list. As of February of 2019, some 45 million Americans owed a total of $1.56 trillion. The average monthly student loan payment was $393, and some 11.5 percent of borrowers were delinquent. When you consider the fact that nearly 70 percent of students in college have them, it can be argued that student loan debt has become a fact of life in the United States. Which raises the question; what happens to student loans when … [Read more...] about What Happens to Student Loans When You Die?
Gambling has a bad reputation for being an addictive and dangerous vice. The risk factor involved in gambling is high if you approach it irresponsibly, for example if you allow yourself to become too attached or frustrated by your losses you could end up betting and losing everything. However, there are ways to go about gambling which make it a lot safer, and a potential source of a little extra income for you. You could even become the next jonny jackpot winner if you’re lucky, so here’s how to make the most of this previously unexplored … [Read more...] about The Rules of Gambling and How It Can Help You to Up your Income
The general consensus around money is, don't spend what you don't have. It is the basic rule of life, right? To not use or waste what you cannot replace or that which does not belong to you? That makes sense in some ways, but the financial world is so complex that you shouldn't rely on blanket terms or phrases. In the world of making money the saying usually goes: You have to spend money to make money. Although it's easy to think this only applies to the wealthy, time and time again the versatility of the financial world proves … [Read more...] about Buying Yourself Out of a Financial Hole
Maintaining your household doesn’t come for free. From keeping your family healthy to ensuring that your home remains safe, the list of your responsibilities is long. However, while there is a lot to do, there are also plenty of opportunities to cut down your household expenses if you’re smart about it. Indeed, there’s no denying that the American Dream of homeownership can quickly get out of hand and becomes a financial burden if you’re not careful. However, with some strategic tips and tricks, you can significantly reduce your household … [Read more...] about 4 Household Decisions That Can Save Money
Money management is one of those things that pretty much no one is completely “comfortable” with. Even if you feel like you’re on top of things, it is all but inevitable that you will sometimes spend more in a particular budget category then you should have, that you will have less money coming in than you thought you would on a given month, or that you will have forgotten about a large annual expense – at least from time to time. Nonetheless, when it comes to securing your well-being, and that of your nearest and dearest, being able to manage … [Read more...] about Why an Envelope Style Budgeting System Might Be a Lifesaver
It's true that everyone has a right to live where they want to live. You're allowed to live anywhere you desire. However, where you live may affect your finances. It can either help you flourish or hinder your advancement. Before you move to a new area, you should consider the following elements that may change your financial status: Cost-of-Living Differences The cost-of-living refers to your everyday expenses like housing, food, necessities and so forth. The price of such things varies from one city to another, one state to another, and one … [Read more...] about How Your Finances Are Affected By Where You Live
The average person has a credit card debt of over $6000. That’s a pretty scary number and it might put you off the idea of using credit cards at all. It’s so easy to get yourself into a cycle of debt if you’re using credit cards all the time, but that only happens if you’re using them wrong. The truth is, credit cards can actually be a good way to manage your finances if you know what you’re doing. Here’s how to use credit cards properly and avoid getting into financial trouble. Choose The Right Credit Card This sounds pretty obvious but a … [Read more...] about How To Use Credit Cards Without Ruining Your Finances