The new year has begun and that means it’s resolution time. Gyms fill up, cigarette sales go down, and promises to keep in touch slip from your lips. While fitting into your favorite pants or finally cleaning out the cheese drawer are great resolutions, choosing to take charge of your finances is a decision that will impact you and those you love for years to come.
I’ve mentioned how living at home is a great way to save, but many of my friends don’t take advantage of this opportunity. I’ve had friends living at home (making double my income) who have fallen into mountains of credit card debt…and this is without ANY bills! Since I’ve saved around $3,000 in the past three months I thought I’d share my tips for
Are you experiencing sticker shock every time you go to the grocery store these days? You are not alone. I do a double take nearly every time I see the total on the cash register. Grocery prices in general have risen 6.4% since 2020. Meat, eggs, and fish have seen the highest increases – as much as 24%! And there’s no relief in sight. Prices
If you’ve resolved to master your finances in 2021, there are ways to make that process easier. Setting small, specific goals throughout the year is the most effective way to keep big financial resolutions, according to the American Psychological Association. Here are smaller steps you can take to reach three popular money goals. Meeting these goals could impact the rest of your life, so it’s
It can happen so easily. All it takes are some unexpected expenses and/or poor planning – too many meals out, a dental emergency, a new job that requires an upgraded wardrobe – and you find yourself with far more credit card debt than you ever imagined. Or perhaps you’re looking ahead to a life event that is going to cost more than you can save
Maybe you’ve heard the old saying “buy cheap, buy twice” or perhaps this is a new concept for you. Frugality can be taken too far, like when it leads one down the path of pilfering ketchup packets or buying and then rebuying electronics that are prone to breaking down on a regular schedule. Shopping smart isn’t always about spending the least amount of money because sometimes you really
I like to call Target “the store with the $50 cover charge.” You can walk in there intending to buy toilet paper and walk out with a new outfit, several new lipsticks, and a grill (it was on clearance!). Target’s team of marketing geniuses have figured out how to make us part with our money while at the same time making us feel like we’re
Debt puts a strain on your finances and can cut a big chunk out of your monthly budget. Being under the pressures of debt can, at best, put your financial goals behind schedule and, at worst, cripple your ability to provide for yourself. The problem of debt is fairly ubiquitous in this country, with the total combined credit card debt rising to around $900 billion. However,
Yesterday I spent an hour on the phone negotiating my monthly bill with my wireless provider. It was a long, tedious hour, but I can’t argue with the results: I’m going to be saving $600 per year. Now I feel dumb for not doing it sooner. I love a great sale or coupon stack as much as the next person, but it stands to reason
I don’t know about you, but paying for my kids’ college education is the kind of thing that keeps me awake at night. With tuition rates at record high levels, saving enough for even state schools can sometimes feel like mission impossible. So when Upromise reached out to me with information about the Upromise MasterCard, I was excited to learn more. If you’ve made a New
One of the most commonly recommended strategies to prevent overspending is to leave your credit cards at home and only carry cash. Once the cash is spent, it’s impossible to make more purchases. The problem with this is that cash is easily lost or stolen, and there’s little hope of ever getting it back. How A Prepaid Card Can Help
You, like most Americans, probably enjoyed the holidays a bit too extravagantly to the detriment of your bank account. However, you, like most Americans, are not out of the woods yet. The New Year is rife with opportunities for expensive expenditures, like exciting vacations, significant birthdays, family and friend gatherings, and more. Without a spending detox, your rampant splurging will develop into a costly habit
The years you spend in college are some of the most fun of your life, even if you don’t know it yet. These moments shape you for your future, when you experience first hand life’s ups and downs. The dedication to saving money should start now if it hasn’t already, so that financial savvy is a well worn habit by the time you matriculate. College can be expensive, so there is even more reason
How many of these bad habits do you have? As the online shopping season gears up, even more people than ever plan to shop online this holiday season. I’m loathe to point fingers at you because I, too, have some of these bad habits. However, there is time now to recognize where we are putting ourselves at risk, accept we are not perfect, and take action.
I just learned about a new site called Cinch Financial that helps people save money on their biggest monthly bills. Think cell phone bill, credit card debt, mortgage. This company focuses on the hard stuff because they believe that while you know how to cut down on everyday expenses (like giving up your daily coffee habit!) the big stuff can get confusing. What I love most