When your car breaks down, what do you do: Do you use a credit card? Borrow money from a payday lender? Sell stuff at a pawn shop? Or do you walk/carpool to work until you can afford to fix the car? You are not alone if any of these are what you would do. Nearly […]
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3 Common Emergency Fund Mistakes
When your car breaks down, what do you do: Do you use a credit card? Borrow money from a payday lender? Sell stuff at a pawn shop? Or do you…
Holiday Budgeting: 15 Essential Tips
The holiday season is a time of joy, family gatherings, and traditions. However, it's also a period when many of us struggle with overspending. On average, each American spends $1,455…
Cash-stuffing: Does it Really Work
Social media has made cash-stuffing trendy. However, the budget-saving practice has been around for over 100 years. Cash-stuffing, or envelope method, is a budget method where savers write their monthly…
Budgeting on Low Income: 18 Steps to Cut Spending
Sticking to a tight budget on a low income is easier than people think; the first step is the most important, starting a budget. But, once you start budgeting, you…
Easy Guide to What Credit Score is and How to Establish it at Any Age
If you've ever found yourself wondering about the meaning and importance of a credit score, you're not alone. Many Americans have turned to Google in search of answers to questions…
How to Take a Summer Vacation on a Budget
Unsurprisingly, everything has gotten more expensive since the COVID-19 pandemic. However, this doesn’t mean you must cancel your summer plans and stay home on the couch watching Netflix. Regardless of…
What is Credit Card Debt, and How to Avoid it
Key Takeaways: If you have credit card debt, you are not alone. Average Americans have $5,910 in credit card debt, a 13.2% increase from 2021. To avoid extra credit card debt, consider…
What is the 10% Savings rule?
Key Takeaways: Setting aside 10% of your gross monthly income is an excellent way to build your savings. Accounts with compounding interest help your savings grow over time. The best…
Tips for Avoiding Account Overdrafts
What is an overdraft fee? An overdraft is when there is not enough money in an account to cover a transaction, but the bank or credit union pays for it…
Money Saving Tips for Kids
How to Teach Your Kids to Save Their Money It’s never too early to start teaching your kids the importance of saving their money. We’re bombarded with temptations to spend,…
Automate your Savings
Whether it’s for a down payment on a house, a large purchase, or an unexpected emergency, saving money should be one of your prime financial goals. Automation, or the setting…
Credit Repair Tips
It’s surprising how much a late payment can damage a credit report. But, over time, there are ways you can improve your credit. While there is no magic solution for…