Find posts to help you make sense of personal finance terms and news here.
Happy Sunday wonderful people! For today’s post I am sharing my top 3 money mistakes I made while repaying debt. Getting out of debt can be difficult, make it easier by making smart money moves and by avoiding these repayment mistakes.
Happy Thursday wonderful people! If you have been budgeting, I hope you have found extra money to repay your debt. Let’s talk about how to apply that extra money towards your debt by comparing the snowball and avalanche methods.
One of the smartest money moves you can make is saving for retirement. It allows you to have more security later in life. If you are not self-employed, the employer sponsored 401(k) is a great investment tool. Read for all the basic information you need to know about the 401(k) retirement savings plan.
If you are tired of being crushed by debt, you may be considering debt consolidation. Consolidation sounds like a way to wash away debt fast, but it is not. Before you decide to consolidate your debt, read about the pros and cons, and check out some alternatives here.
Before your finances can soar, you need a solid foundation that can withstand waves of change. An emergency fund will keep you grounded when life's unexpected twists and turns occur. Learn more about an emergency fund and get the scoop on how much progress I have made building one.
A borrower will pay back more than the original amount borrowed when paying for education using a student loan. This is due to the accrual of interest and interest capitalization. By understanding how interest capitalization works, a borrower can be proactive and decrease the amount repaid.
Starting out on your debt free journey? Test your knowledge of common financial terms and phrases used to discuss getting out of debt. Each explanation is followed by Test your knowledge of common financial terms and phrases used to discuss getting out of debt. Each explanation is followed by a tip to help your journey. Comment and share other terms you want to be explained.