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?

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

9 Ways To Travel Frugally This Holiday Season

travel frugally this holiday season

Ah, the holidays. Food, family, gifts, and more are celebrated during the last three months of the year. And while it’s certainly easy to travel on a budget at any time of the year, it does seem significantly harder to do during the holidays. With travel being the biggest holiday expense for over 43% of Americans, it’s no wonder many people fear that it will cost them an arm and a leg to get home to their loved ones. But it doesn’t have to be that way! Here are 9 ways to travel frugally this holiday season.

9 Ways to Travel Frugally This Holiday Season

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

1) Book At The Right Time

While earlier is always better when it comes to air travel, you still have time to get a good deal. When looking for tickets (even for trains and buses), . . . → Read More: 9 Ways To Travel Frugally This Holiday Season

How to Sell Your House Without Putting it on the Market

sell your house without putting it on the market

Clean, call the realtor, get an estimate on the list price, get pictures taken, take down all your personal photos, make the house look like only a housemaid lives there, list it through your agent, host an open house, and then be prepared to leave at a moment’s notice when someone wants to come look at it…right….now. This is the joy of listing and selling your home through a real estate agent out on the open market. Want to sell your house without putting it on the market? I don’t blame you one bit.

How to Sell Your House Without Putting it on the Market

As you may have already guessed, Liz and I are under contract to sell our house! And yes, we did it without ever putting it on the market. We cleaned the house once, walked the interested couple through, and negotiated to a fair price a . . . → Read More: How to Sell Your House Without Putting it on the Market

How To Manage Insurance When You’re Self-Employed

manage insurance when you're self-employed

When you work a 9-to-5 or any traditional job, you are most likely given the opportunity to join the company’s health insurance options. Even if they aren’t the best options, you still get a choice to decide what works best for you and your family. But how do you get quality insurance when you’re self-employed? Here’s how I, and many other freelancers and business owners, manage!

How to Manage Insurance When You’re Self-Employed

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

Health Insurance

One of the most important insurances when you’re self-employed is health insurance. There are many more health insurance options available now than there used to be for those who are self-employed. However, it is still incredibly important to choose the best option for you.

What Will Your Income Be?

When looking into your options, it’s important to first determine what your possible income range . . . → Read More: How To Manage Insurance When You’re Self-Employed

Why It’s Ludicrous to Make Payments on a Cell Phone (…and How You Can Avoid It)

making payments on a cell phone

People have payments on their cars, their house, furniture, and now most of us even have payments on our cell phones!! And quite honestly, with salespeople pushing so hard toward the payment option these days (and giving us zero discounts for buying a phone with cash), it can actually be difficult to avoid making payments on a cell phone. In this post, I’m going to outline (1) why it’s dumb to agree to those payments, and (2) how to actually buy a phone outright.

It’s Ludicrous to Make Payments on a Cell Phone (…and How You Can Avoid It)

Remember the days when you walked into a Verizon store, signed up for a 2-year contract, got a brand new phone that was discounted down to just $200, and then walked out with a smile?

Well those days are gone…

Today, what’s more likely is that you’ll walk in, choose a . . . → Read More: Why It’s Ludicrous to Make Payments on a Cell Phone (…and How You Can Avoid It)