I’m often asked what’s the biggest financial mistake millennials make when it comes to their finances. In the past, responses have been not getting started or paying for services they can do themselves, for less. After five years of teaching financial education, I’ve realized that one of the biggest mistakes millennials make when it comes to their finances is focusing on only one aspect of their financial journey.Read More
This blog post is part of the Pay Down My Debt (PDMD) blog tour, sponsored by US Equity Advantage. PDMD is a solution that accelerates debt payoff and helps consumers monitor their credit and make smarter purchasing decisions. If you’re looking to pay off debt, find out how they can help.
Human beings are pack animals and have an innate desire to belong . For many the desire to belong leads to debt. This phenomena is often referred to as “keeping up with the Joneses.” This English language phrase refers to individuals that live beyond their means to achieve or maintain their social status. Keeping up with the Joneses and debt have become a way of American life. According to CNBC, in 2015 8 out of 10 Americans had some form of debt.Read More
Your wages are being garnished for a defaulted student loan. You need it to stop. Here’s how to stop an administrative garnishment quickly.
You’re looking at your paycheck. It’s short. There’s a garnishment. You don’t know what you’re being garnished for so you call HR. The HR rep tells you the garnishment is for a defaulted federal student loan. You’re not sure what to do but you know you need it to stop. You google: How to stop an administrative wage garnishment. Now you’re here.Read More
Guest Post By: Amanda Atcheson, Product Marketing Manager at CO-OP Financial Services
It’s hard to believe that only some fifty odd years ago, a woman’s financial identity was tied explicitly to someone else – her husband, her father or some other male in her life. In the modern age, women make up nearly half of the American workforce. In addition, the average age of marriage is now in the late 20s – and unfortunately, the divorce rate remains high.Read More
I’ll be honest, when I picked up #GirlBoss by Sophia Amoruso I never thought there would be so many valuable personal finance lessons in it. Business advice, tips, and motivation were my expectations, but what I received was a well rounded, personal account of someone who did the unexpected in her own way. Read More
Credit cards have dramatically changed consumer saving and spending habits. It would not be an exaggeration to say that credit cards have impacted personal finance as much as cell phones have impacted personal communication.
Should you pay off debt or save money? It almost seems impossible to save money while burdened by debt. One of the biggest obstacles people face when overcoming a poor financial situation is the inability to save while juggling large debt obligations.Read More
This post is sponsored by DisputeBills.com
Whether we want them or not, visits to the hospital or doctor’s are almost inevitable. Be it a broken bone, surgery, or a simple checkup; one time or another in your life, you will have to seek health care.
But what happens when you get that unexpectedly large bill in the mail months later? When faced with a bill that you won’t or can’t pay, the easiest thing to do is ignore it; however, doing that can lead to long lasting consequences.Read More
Is credit necessary? For some in the personal finance field, the answer is actually a no.
People have proven that it’s possible to live a life without using credit yet, the average US household carries a little over $130,000 in debt — $15,000 of that debt is carried on credit cards. So what’s the deal? If it’s possible to live without credit, why aren’t more people doing it?Read More