From Welfare to Well-Off: How Single Moms Can Finally Get Ahead

how single moms can get ahead

We’ve all probably heard of the common stereotypes about single moms. One of the most common stereotypes involves money – more specifically how single moms don’t have much of it. This is something I definitely did NOT want to become my reality. Stereotypes are only true if you allow them to be. For me, it was time to figure out how single moms can get ahead (instead of being left in the dust socially and financially)!

How Single Moms Can Get Ahead (Finally)

This is a guest post written by Choncé, a freelance writer who’s obsessed with frugality and helping others increase their savings rate, pay down debt, and work toward financial stability. Check her out over at My Debt Epiphany.

In 2013, I found myself living as a single mom and utilizing government assistance to get by. While my story starts off rough, I went from low-income and struggling . . . → Read More: From Welfare to Well-Off: How Single Moms Can Finally Get Ahead

7 Tips For Making A Budget And Sticking To It

tips for making a budget

When you’re creating a budget for your finances, you’re taking control of spending and maximizing your income. This is a great way to curb bad spending habits, boost that empty savings account, and take back your financial independence. If you’ve never made a budget before, now’s the time! And, as luck should have it, below are 7 tips for making a budget and sticking to it! Now is your time to shine!

7 Tips For Making A Budget And Sticking To It

The following post contains affiliate links.

1) Calculate Your Expenses

Down to the smallest one! When following tips for making a budget, this is an important one. Calculate and add up everything that you spend money on.

If you buy coffee every morning, calculate the monthly cost. If you put gas in your car, that’s included as well. A good budget is all-inclusive. Anything that causes money to . . . → Read More: 7 Tips For Making A Budget And Sticking To It

Are Credit Card Rewards Worth It?

credit card rewards worth it

Credit card companies have gained many customers with their credit card rewards offers. From travel points to cash back, there always seems to be credit card rewards for someone to take advantage of. But are credit card rewards really worth it? Do they matter, or is it all just a gimmick? That all depends on you and your lifestyle, but I’m going to go with a big fat, “No”.

Are Credit Card Rewards Worth It?

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

“What?? No to credit card rewards? But it’s like free money! Why wouldn’t you want to get paid on your purchases?!” …says nearly everyone I’ve ever met. I get it. Credit card rewards seem like a no-brainer, but there are definitely some downsides that you should be aware of.

1) Interest & Fees Can Be High

First things first, let’s talk about the fees . . . → Read More: Are Credit Card Rewards Worth It?

What’s the Difference Between Rich and Wealthy? And Which Are You?

difference between rich and wealthy

Are you rich? Are you wealthy? Maybe neither? Or maybe both? I mean…what’s the real difference between rich and wealthy people anyway? If you ask Google definitions…there’s absolutely none. No difference – they have the exact same definition. They’re interchangeable. But you know what? I strongly disagree with that assessment.

What’s the Difference Between Rich and Wealthy?

When I Google, “rich definition” or “wealthy definition”, here’s the result that spits out:

Having a great deal of money or assets; wealthy

Do you have a lot of money or stuff? Yeah? I guess you’re wealthy…

Or not…

That’s a pretty sorry definition if you ask me, so I thought I’d take the time to clarify what the true difference between rich and wealthy actually is… in my opinion anyway.

What Does It Mean to Be Rich?

I know some people that own a big house on a lake and drive a . . . → Read More: What’s the Difference Between Rich and Wealthy? And Which Are You?

Higher Education Without Student Loans? Top 10 Tips Right Here!

higher education without student loans

Student loan debt has become the bane of the millennial generation. The internet is ripe with memes showcasing the brutal impact tens of thousands of dollars of debt continues to have on so many young adults. But student loans are the only option for affording higher education, aren’t they? Or…is it actually possible to attend higher education without student loans?

Higher Education Without Student Loans? It’s Possible

This article was written by our staff writer, Kerah Kemmerer.

As a high school student, I, along with many of my peers, was indoctrinated with the message that student loans were the only way to afford higher education – and that said loans should even be considered “good debt.”

Although I never really felt comfortable with the idea, I eventually caved and signed the dotted line. After hours on the phone with financial aid, I ultimately bought into the concept that it must . . . → Read More: Higher Education Without Student Loans? Top 10 Tips Right Here!

Hidden Savings: Lesser Known Ways You Can Save Money

lesser known ways you can save money

Budgeting is one of the most frequent financial practices around. Even though there are lesser known ways you can save money, everyone has to budget at least once in a lifetime. Yet, this hasn’t seemed to stave off the problem of debt for many around the world.

Around three-quarters of people live with some kind of debt in the USA alone. This debt comes in many different forms. It might include credit card debt, car loans, student loans, or mortgages. Managed correctly, these bills and debts shouldn’t be a problem and should slowly be paid off.

Unfortunately, many people carry a lot of these debts to the grave. Some even need a bankruptcy lawyer at least once in their lives. This is often because they focus on conventional means of saving money. This can usually leads to problems with consistency and a limit on how much can be saved. . . . → Read More: Hidden Savings: Lesser Known Ways You Can Save Money

6 Clever Ways to Reduce Fees on Savings Accounts and Other Expenses

clever ways to reduce fees

Paying fees is never fun, but it’s a necessary part of life. However, there are some clever ways to reduce fees (and possibly eliminate certain fees) from things that you use regularly.

6 Clever Ways to Reduce Fees on Savings Accounts and Other Expenses

Here are some areas where you might be paying fees and how you can save money on these expenses.

1) Mortgage

If you make house payments, you may be able to reduce interest fees by switching your mortgage to a different lender. Many lenders don’t charge loan processing fees, and choosing to go with a bank or credit union that doesn’t charge this fee can save you money.

If you’re in the process of buying a new home, you can also save money by coming up with a larger down payment.

2) Bank Accounts

Some banks impose service charges on accounts that don’t carry a minimum . . . → Read More: 6 Clever Ways to Reduce Fees on Savings Accounts and Other Expenses

Would You Live Abroad To Save Money?

live abroad to save money - travel

If you’ve ever looked up how to pay off debt quickly, retire early, or even just “live your best life on a budget”, you’ve most likely come across the option to live abroad. But is it really possible to live abroad to save money?

Would You Live Abroad to Save Money?

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

The short answer to the question above…It can be! Below are the pros and cons that you may experience if you want to live abroad to save money.

The Pros

There are many pros that come with going to live abroad to save money. Here are just a few.

1) Cost of living can be cheaper

For one, the cost of living can be cheaper! For example, a teacher of mine in high school moved his family to China after he accepted a teaching job at one of . . . → Read More: Would You Live Abroad To Save Money?

10 Ways to Stay Fit on Any Budget (Hint: You Don’t Need a Gym Membership)

stay fit anywhere

Do you love the idea of a location independent lifestyle – being able to work and live just about anywhere you choose? I honestly don’t know many people who don’t. But what should really get you pumped up is the realization that you can stay fit anywhere and on any budget too! While this isn’t particularly earth-shattering news, it’s easy to make excuses and find ways to NOT incorporate exercise into our daily lives, work and travel routines.

10 Ways to Stay Fit Anywhere (and on Any Budget)

This post has been written by our staff writer, Kerah Kemmerer.

We tend to take for granted that regular exercise is just as necessary for our overall health and wellness, and often let life get in the way. Especially since regular exercise is known to:

increase longevity, stave off disease, increase memory and mental stamina, and help you sleep better.

Well, no . . . → Read More: 10 Ways to Stay Fit on Any Budget (Hint: You Don’t Need a Gym Membership)

10 Ways to Save Money for Study Abroad

save money for study abroad

Many students at some point have thought countless times about ways to save money for study abroad. Higher education is not very cheap and one may think paying for that alone is a lofty enough goal. Study abroad can cost much more considering any extra things you may need for your stay out of country. However, in this post we’re going to show how you can get money and save money for study abroad.

10 Ways to Save Money for Study Abroad

And here’s this list! Take notes, implement them, and save money for study abroad!

1) Savings Account

Opening a savings account is one of the best, and most popular, ways to save money.

Saving money may seem boring, but think about the benefits you can get after graduating from a prestigious university. The main rule of effective saving for a bank account is to limit the amount of . . . → Read More: 10 Ways to Save Money for Study Abroad