The Pitfalls of Borrowing From Family or Friends

depressed-man212
Are you considering a loan from a family member or friend? Are you familiar with the many ways this could benefit your finances? The advantages of this type of loan are well documented. In addition to a lack of paperwork, you may find somebody who is willing to loan you the money interest free. Does it get any better than that? While you may be attracted by the many benefits of borrowing from family or...
Continue reading
62 Hits
0 Comments

3 Benefits of a Second Income Stream

save-100-or-more
If the income from your job isn’t cutting it or you’re looking for way to get ahead financially, adding a second income stream may be a solution. A second income stream, it’s from a second job, a money-making hobby, or a side business, can benefit you in more ways than one. It’s easier to afford your living expenses. More than 50% of Americans are spending at or above their income on living expenses, reports CNN....
Continue reading
99 Hits
0 Comments

4 Simple Ways to Become More Financially Disciplined

budget-alter1
If you want to be better with your money and reach your financial goals, you must learn to be financially disciplined. Being disciplined will keep you from making mistakes like overdrafting your bank account and withdrawing from your savings and retirement funds. It will also help you make better financial decisions and achieve more financial success. Some people are naturally more disciplined. For everyone else, financial discipline is a habit that can be learned. Commit to...
Continue reading
150 Hits
0 Comments

4 Reasons to Stay At Your Job, Even When You Want to Quit

man-leaving-job-packing
We spend a lot of our time working, so if you’re not completely satisfied with your job, it’s hard to shake the idea of quitting. But, no matter how much you want to leave your job, there are some times when it’s best to stay put – at least temporarily. You don’t have another job lined up. It could take several weeks or even months to get a new job, especially during periods of high...
Continue reading
204 Hits
0 Comments

Frugal Flips for the Not-So-Extreme Cheapskate, Part 3

garden-frugal-grow-own-food
As of this past March I’ve been posting monthly tips for saving money, which I’m calling “frugal flips.” So far, the flips I’ve shared in this series have the potential to save around $1973 a year. Frugal Flip #6: Re-think your coffee brewing method This one will be especially useful for those of you who regularly make your own coffee at home with a single cup brewing machine, such as a Keurig. If you’ve been...
Continue reading
260 Hits
0 Comments

How to Avoid Dipping Into Your Emergency Fund

emergency-fund1
It takes a lot of time, effort, and sacrifice to build a healthy emergency fund. Seeing so much money in your bank account can be tempting, especially when you’re constantly bombarded with advertisements for electronics, events, and trips. If you want to your money to be in your account when there’s actually an emergency, you have to avoid dipping into your emergency fund.  Reduce your spending to within your income.   Living within your means...
Continue reading
Recent comment in this post
Frank
latoyairby, how many months do you recommend to have for an emergency fund. I usually recommended at least 2 months, but in an ide... Read More
Wednesday, 26 July 2017 13:34
289 Hits
1 Comment

6 Sneaky Ways Coupons Lead to Overspending

sad-shopper-overspending-24
When it comes to saving money there’s no denying the popularity of coupons. In their 2017 Coupon and Promo Code Use Study, public opinion research firm PRRI found that 92% of consumers have used coupons in the past year. But do they really help us save money? Unfortunately, too many of us end up spending more money when we use coupons than we would have without them. And that is exactly why coupons exist. Budget...
Continue reading
Recent Comments
Frank
I always get caught on #3. My wife too!
Sunday, 30 April 2017 20:46
Alison
Me too! I'm sure we're not the only ones. Coupon psychology is powerful stuff, and that one is especially insidious!
Monday, 01 May 2017 10:51
305 Hits
2 Comments

8 Signs You're Doing Well Financially

savings-account1
Do you ever think about your money and doubt that you’re doing well because you’re not where you want to be? Your finances might be in a better place than you think. Here are eight signs you’re doing well financially. You could survive a few months on your savings if you had to . If you lost your job today and couldn’t get another right away, do you have enough money in savings to last...
Continue reading
Recent comment in this post
Frank
These are definitely good signs! I can't say I do all of these, but alteast a few!
Sunday, 30 April 2017 20:46
283 Hits
1 Comment

Can Forbearance Save You From Loan Default?

financial-hardship-98
Major life events can affect your finances and your ability to pay your bills. Job loss, disability, death of a family member, or relocation can create temporary hardship and make it difficult to stay on top of all your expenses. One option for affording your bills during short-term financial hardship is forbearance. Under forbearance, the lender agrees to lower or suspend your monthly payments for a specific period of time; six months or a year,...
Continue reading
Recent comment in this post
Frank
I have worked with a few couples where forbearance saved them from bankruptcy. Its not a perfect solution, but it can help you for... Read More
Wednesday, 26 July 2017 13:38
317 Hits
1 Comment

Salary Negotiation Tips for First-Timers

saray-increase1
Have you come to the conclusion that your employer should be paying you more money? Are you ready to negotiate your salary for the first time? Although this can be a stressful situation, it’s something you’ll probably face at some point in your career. Despite your concerns, such as the possibility of your employer shooting you down, it’s important to move forward and take immediate action. After all, you don’t want to work for less...
Continue reading
Recent comment in this post
Frank
Make sure you research your market pay as well. Having benchmarks can be a great tool.
Wednesday, 26 July 2017 13:38
270 Hits
1 Comment