Should You Share Bank Accounts With Your Spouse?

share bank accounts

These days, having a conversation about finances with your spouse before you get married is more common. With a 30% increase in moving in together before marriage over the last 20 years, many couples are spending time and effort discussing their finances, expenses, and more. But as far as your money goes, should you share bank accounts with your spouse? Does both of your income need to be combined after marriage? Here is the case for (and against) sharing bank accounts when you’re married.

Should You Share Bank Accounts With Your Spouse?

This post was written by our talented staff writer, Kimberly Studdard.

Why You Should Share Bank Accounts

Is it important to share bank accounts with your spouse, and should you? Here are three solid reasons why you might want to share bank accounts.

1) With a shared bank account, it makes paying for bills and necessary items easier. . . . → Read More: Should You Share Bank Accounts With Your Spouse?

7 Goals You’ll Want to Set For 2019

goals you need to set for the new year

Buy a mansion, marry a gorgeous woman, and drive a Mercedes – these were the goals of my 20-year-old self. Thirteen years later, I’ve matured slightly (I won’t give myself too much credit here)… Instead of fast cars and mammoth status symbols, I’m setting up goals that won’t just give me temporary delight, but rather, long-term happiness. Want to know what goals you need to set for the new year? This is the place, and this is the time. Let’s do it!

7 Goals You Need to Set For The New Year

Want to succeed in life? Then you’ve got to cover all your bases…ie. the most important categories of your life.

According to Zig Ziglar, these main categories are: Spiritual Physical Social Family Intellectual Career Financial

He often refers to this group of categories as “The Wheel of Life” and diagrams them as a wheel with seven spokes. The . . . → Read More: 7 Goals You’ll Want to Set For 2019

How Women Can Negotiate A Higher Salary

women can negotiate a higher salary

By now, it’s no secret that women earn less than men. There is still such a thing as a wage gap. However, did you know that one of the most common reasons for women earning less than men is that women are less likely to negotiate their salaries or ask for raises? While there is nothing wrong with getting “your foot in the door”, there is much to be said about being paid what you’re worth, and how to get to that point. So here are 4 ways women can negotiate a higher salary.

How Women Can Negotiate a Higher Salary

This post has been written by our amazing staff writer, Kimberly Studdard.

1) Don’t Be Afraid of Rejection

One way women can negotiate a higher salary is to not be afraid of rejection. You may not always get a raise or your requested salary on the first try, especially . . . → Read More: How Women Can Negotiate A Higher Salary

When Does Debt Consolidation Make Sense to Pay Off Credit Cards?

which debt to pay off first

Many Americans are no stranger to big credit card bills. When you are neck-deep in credit card debt, it can seem like there is no end. Sometimes it may feel like any option can be justified temporarily as your saving grace, but when it comes to credit card debt consolidation, it pays to take a close look at your circumstances before committing to anything. More importantly, you’ll want to answer the question, “When does debt consolidation make sense to pay off credit cards?”

Before we get too ahead of ourselves, it’s important to fully understand what you would be getting yourself into if you signed up with a company who can help you roll your debts into one.

What exactly would the plan look like? How long would it take? How much will the monthly payments be?

These questions and others should be carefully addressed . . . → Read More: When Does Debt Consolidation Make Sense to Pay Off Credit Cards?

What Should You Do If You Can’t Afford Your Student Loan Payments?

can't make your student loan payment

“Go to college” they said. “Get a degree in something” they said. “Then you’ll find a great job and prosper. Unfortunately, they said nothing about how much is too much when it comes to student loan borrowing. Oh, and they failed to mention the highly competitive job market….So now you’re stuck with a mediocre job and can’t afford your student loan payments…

You’re in a mess, but you don’t want to do something stupid that puts you in an even bigger hole. So what are your options? What should you do if you can’t afford your student loan payments?

What Should You Do If You Can’t Afford Your Student Loan Payments?

First of all, you’re not alone in this. Out of 5 million student loan borrowers that entered the workforce in 2014, nearly 600,000 of them have already defaulted on their loans – that’s over 11%!

The key here isn’t . . . → Read More: What Should You Do If You Can’t Afford Your Student Loan Payments?

Short Selling and Its Restrictions

short selling the market

Short selling has been a popular trading strategy for years, dating back to the early 1900s. There were no restrictions on short selling at one point. Regardless of the status of the stock that is selling, traders were able to short sell. Recently, in order to regulate the market and keep this practice from affecting the market in a negative manner, restrictions are in place.

Overall, short selling is a perfectly legitimate trading strategy. It can yield large profits if you know what you are getting into. While many may have heard of this trading tactic, most do not actually understand exactly what it means to short sell or how to use it to their advantage. By having an understanding as to what exactly short selling is and how it has helped many people make money, you can decide whether or not it is a good opportunity for you.

Short . . . → Read More: Short Selling and Its Restrictions

7 Alternatives to Traditional Housing for the Motivated Saver

alternatives to traditional housing

Tired of hopping from one rental home to the next, but not quite at the point where you can own, or maybe even want to own a home? It may be time to consider venturing off the beaten driveway and start exploring some other backyard options. It’s time to start exploring alternatives to traditional housing! And, believe it or not, there are quite a few options!!

7 Alternatives to Traditional Housing for the Motivated Saver

This is a guest post written by Kerah Kemmerer

Housing costs are one of the greatest expenses in our society and it often feels like you’ll never be able to jump out of the monthly rent cycle and pursue your dream of home ownership – or, investing, if that’s where your passion lies. But it’s not all hopeless. Whether you are single, a couple, or just starting your family, here are seven alternatives to traditional . . . → Read More: 7 Alternatives to Traditional Housing for the Motivated Saver

5 Tips to Save Money When Buying A Home

save money when buying a home

Buying a home isn’t a decision to blink at. Matter of fact, the average cost of a home in the United States is $188,900! When you’re considering big cities, full of excitement and entertainment like New York City, Los Angeles, or Miami, the prices skyrocket. Want to save money when buying a home? It’s definitely not easy!

However, rest assured, finding your dream home while not breaking the bank is very much possible. For example, let’s say you want to buy a house in Miami—with certain flat fee MLS services like beycome, you’ll get 3% of the listing price back. So, going back to the above example, for a house that’s $188,900, 3% of that would be $5,667—which could be used for mortgage payments, brand new furniture, or other expenses. That sounds pretty good to me!

5 Tips to Save Money When Buying a Home

Beyond the initial cost . . . → Read More: 5 Tips to Save Money When Buying A Home

When is the Right Time for Car Loan Refinancing?

right time for car loan refinancing

Car loan refinancing can help save money. For many people living in the United States, having a car is more of a necessity than an option. Whether it’s for work or dropping kids off at soccer practice, there are tons of reasons why people need a vehicle. The big question is, “When is the right time for car loan refinancing?”

Most car buyers aren’t going to be able to afford such a large purchase without some form of financing. About 107 million Americans currently have debt on a vehicle. That translates to well over 40 percent of the total adult population of the U.S. No matter who you are, or how much you owe, you’ll be better off if you can pay less on your loan. This is sometimes possible through refinancing your car loan.

When is the Right Time for Car Loan Refinancing?

The following is a guest post . . . → Read More: When is the Right Time for Car Loan Refinancing?

How To Avoid Lifestyle Creep And Invest In Your Future

avoid lifestyle creep

You’ve done it. You’ve secured a better paying job, you’re earning bonuses, or maybe you just got an increase in your income. And yet, when you look at your bank account, you still don’t see the rewards of your hard work and efforts to earn more money. That means that you, my friend, are experiencing the dreaded lifestyle creep. It’s time to learn how to avoid lifestyle creep…and by doing so, become wealthy.

How to Avoid Lifestyle Creep and Invest in Your Future

This post has been written by our staff writer, Kimberly Studdard.

What is lifestyle creep? The simple definition is when an individual changes their standard of living due to their income rising. So, something that was once a former luxury now becomes a necessity. Examples may be getting a bigger apartment or house because you can “afford” higher payments, joining an expensive gym, or even something as . . . → Read More: How To Avoid Lifestyle Creep And Invest In Your Future