It is that time of the year. It is student loan season.
As fall semester tuition bills begin hitting mailboxes nationwide, many students and families may be in for sticker shock. The rising costs of higher education have forced more and more families to use student loans as a tool to pay for college. You may have seen a number of commercials, radio ads, and display banners advertising student loans recently. Using student loans has become common practice for many families and the many private student loan lenders have started marketing aggressively.
Keeping up with the rising costs of college . . . → Read More: How to Avoid Student Loan Debt
Did you know that the median American savings is $0.00 each year? Since pensions are now nearly extinct and Social Security is teetering on the brink of failure, you’d think that Americans would be saving much more now than in the past. In reality, however, many are saving far less.
Take a look at the chart below. The bottom 90% of earners in America typically save less than 5% of their income each year. And, as of the year 2000, they are saving even less than that (even into the negatives at times)! Some people reason that the low savings . . . → Read More: What If I Spent My Money Like 90% of Americans?
During my four years of writing on this blog, I have published a countless number of articles to teach people how to get rid of debt. But, I have recently realized that they are all wrong. In many of them, I have provided the steps of picking out the smallest debt with the highest interest rate, and explained how you can scrounge up the money to start paying those bills and getting out of debt.
While these simple methods might work for some, I have seen a countless number of people pay off some debt, then get deeper into debt, . . . → Read More: The Absolute Best Way to Get Rid of Debt
Are you ready to start tackling your debt? Yes, it can seem daunting to start tackling your mountain of debt, but it IS possible! By focusing on paying off just one dollar at a time, paying off any debt is possible. Even a massive debt can be paid off sooner than you might think. Just keep your head down and keep chuggin! You can do it!
Don’t Forget Your Reasons For Getting Out of Debt
If you start tackling your debt without a real reason, then you likely won’t ever get to the finish line. For instance, if you decide . . . → Read More: Start Tackling Your Debt One Dollar at a Time
Trying to pare down your expenses? One of the biggest “make-it-or-break-it” categories within your budget is “Groceries.” Unlike cable TV, you can’t cut this bill from your budget. Beyond a certain point, you can’t even significantly reduce the quantity of food that you purchase. You’ll always need to eat.
Furthermore, there’s no good alternative to buying groceries. Unless you own a lot of land (with it’s corresponding property taxes), you’re unlikely to have enough space to grow most of your own produce. And even if you could, you still need grains, oils and other staples.
Here’s the point I’m trying . . . → Read More: 10 Quick Tips to Help You Save at the Grocery Store
This post has been written by Sarah Brooks, a freelance writer fighting for financial independence within this world of materialism and consumption. Take a look at her awesome story below and her discoveries from her journey so far.
As a consumer living in America, we are surrounded by debt. Whether we’re adding to it, maintaining it or trying to claw our way out, debt is everywhere we turn. Debt is also a necessary evil—you have to have it in order to build your credit, but how much is too much?
When my now-husband and I met, the last thing we . . . → Read More: The Brooks’ Story: How We Got Out of Debt, Saved, and Are Working Our Way Towards Financial Independence
Nutty the squirrel didn’t really feel like gathering up nuts this fall. After all, he has worked hard for 20 seasons prior to this one. He deserves a break! Just this once he would like something good to happen to him, so this year he decided to be a little more proactive about his luck.
“Hey Rocky, how about we make a deal this year?” inquired Nutty. “I have worked hard all my life and really deserve to take a break this fall. If you gather nuts for me, I promise that I’ll gather yours for you next season. Plus, . . . → Read More: I Can’t Stand Lazy Squirrels
Having financial conversations with friends and family is often taboo, but these are my favorite kinds of discussions! A few years back, my neighbor was absolutely convinced that her car loan was “good debt” because it allowed her to get to work and earn a living. I strongly disagreed and left that conversation shaking my head. But who was right? And what is the difference between good debt and bad debt?
My Research Led Me to a Childish Outburst
When I started looking up various opinions on this topic, I came across an article from CNN Money. This is how . . . → Read More: What is the Difference Between Good Debt and Bad Debt?
Almost every single American is earning an extremely large income each week. You may think I am joking, but I am dead serious. If your family earns more than $40,000 a year, you are officially one of the top income earners in the world. Sure, you definitely aren’t Bill Gates, but you are earning so much money that you can afford two cars, a home, electricity, indoor plumbing, and probably even air conditioning. What a luxurious life you have!
Mr. Money Mustache is an amazing blogger that recently opened my eyes to the many opportunities that Americans have . . . → Read More: You May Not Believe Me, But Debt is NOT a Financial Problem