personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
How I'm Budgeting to Pay off My Student Loans
Originally posted to my blog. I just spent the past two hours looking at the student loan debt I owe. It’s a hefty amount—but not as much as most people have to pay. Since I make money on a more consistent basis now (and even started budgeting with each bi-weekly check), I need to start budgeting for paying down my ONLY debt I owe—my student loan debt.
By Fully Functioning Female6 years ago in Trader
Payday Loans: A Guide (and Warning) for First-Timers
Payday loans are very short-term loans that can only go as high as $1000, depending on state legal maximum, and they must be repaid on your next payday, hence the name. To get the loan, you must write a check for the amount borrowed plus a fee. The due date is usually two to four weeks after the loan was made, and the exact due date is agreed upon on the payday loan agreement.
By Marian Woodsen6 years ago in Trader
Money and Happiness
To the majority of the world, money is seen as an objective, something that they will give almost everything they have in order to obtain. Most do so with the belief that having a lot of money will supposedly make their lives happier. However, if we look at money as a means to an end, instead of the other way around, we have to wonder, just how happy will the way we spend our hard-earned money make us? The authors of Happy Money: The Science of Happier Spending, Elizabeth Dunn and Michael Norton, figure out the answer to that question, and compile five ways that we can spend money in order to make ourselves happier and our lives more satisfactory. These past two weeks, I analyzed my spending, and thought about how four of the five pieces of advice: buying experiences, making it a treat, investing in others, and buying time could make me a much happier person; and in the end, I realized that applying these rules to my lifestyle will not only create a happier effect on my life itself, but will also make me more responsible with my money overall.
By Jeniah Clarke6 years ago in Trader
Top Tax Planning Strategies
Paying taxes is something we all must do simply because not doing so is against the law. The great Benjamin Franklin once said, "In this world, nothing can be said to be certain, except death and taxes." This might sound whimsical or ominous, but either way, it’s true. It doesn’t matter what we do for a living, we have to pay taxes. However, there are certain strategies that might help you to minimize your taxes. So, if you want to be in charge of your finances and save some money, these top tax planning strategies will help you do it.
By Marie Nieves6 years ago in Trader
5 Little Known Ways to Make the Most out of Personal Loans
At the moment, the amount of money owed by individuals surges to a record $120 billion, which only serves to tell just how common this financing practice actually is. An average loan is usually somewhere between $1,000 and $50,000, and it takes between 12 and 60 months for one to repay them. The longer the term, the lower the monthly payment, yet the amount of money paid in interests will be substantially higher.
By Lucas H. Parker6 years ago in Trader
Let's Talk About Debt
I won't bore you with a backstory of how I had gotten myself into debt. Let me just cut to the chase. It was two months before my wife and I were getting married. We lived on three incomes. She worked two jobs and I worked one. That always worked for us because I was in school so she carried more financial weight. I was about $25,000 in debt and she was about $28,000 in debt at the time. Her debt was only her car but I had a car loan, a Kay Jeweler's account, and one open credit card that I was paying off. That changed in a single day.
By Jordan Payne6 years ago in Trader
