Celebrate Your Inner Rich Girl’s Financial Independence!

make extra money
make extra money

Every 4th of July, Independence Day is celebrated with pomp and parade, fireworks, light and barbecue in every corner of the country. Nowadays, however, many Americans feel as if they can’t completely celebrate independence with a financial albatross hanging around their necks. Whether you feel like a character in Warner Bros. Television’s 2 Broke Girls (or not!), honey don’t let the anxiety over your financial state rain on your parade. We've got some personal stories of others to inspire you to let go of the debt and find financial freedom on this day of independence. I felt a rope with a rock tighten around my neck – Paige Hunter Paige Hunter was in a state of hopelessness. She says, “My husband took out a 30-year mortgage”, and she could almost feel a rope with a rock tighten … [Read more...]

Have You Tried These 3 Tips To Get Out Of Debt?

debt
debt

A lot of people spend money on their credit card without giving a second thought to the payments — until the statement comes at the end of the month. By that time you may not have the money to make the payment. This leads to late payments, late fees, and a diminishing credit score — no one wants that. The good thing about getting into credit card debt when you're young is you can recover from it, start over, and turn your financial life around. Learning from your mistakes is part of growing up and this includes learning how to manage your money responsibly. If you have more credit card debt than you can handle take these three steps toward becoming debt free: Leave the plastic at home If your credit card is in your wallet then you may be tempted to use it — so just take it out. … [Read more...]

What You Need to Know About Getting a Credit Card

woman-with-credit-cards
woman-with-credit-cards

Starting your financial life comes with a lot of choices and a lot of responsibility. Where will you deposit your first pay check? How will you pay for monthly expenses? What is the advantage of having a secured credit card vs bank debit card vs. a credit card? That can be determined by setting your spending habits. There are several options out there to help establish a banking relationship, build a credit score and maintain your monthly budget. Secured credit cards are one way to go. You can also decide to use a debit card or apply for a credit card. The best option for you all depends on how you want to spend and save money. How does a debit card work?A debit card gives you access to the money in your bank account without actually going to a bank branch. When you open a checking … [Read more...]

The Ultimate Guide to Paying Off and Managing Your Student Loans – Part 3

student-loan-debt-2
student-loan-debt-2

We're at the end of our managing and paying off your student loans series!  So far we've covered federal and state loan programs. And if I may say so myself - impressive lists! Here are part 1 and part 2 if you missed them. Today - short and sweet -  we'll discuss private sector employers that offer tuition reimbursement and repayment assistance and how to pay faster on your own. Private Sector Jobs With Repayment Benefits Employers that Offer Student Loan Reimbursement – Lots of employers offer tuition assistance, but many are now taking part in a new trend of offering student loan repayment assistance as well.  These benefits are not typically publicly advertised, so be sure to ask your current or prospective employer! Community Service – Volunteering for certain … [Read more...]

The Ultimate Guide to Paying Off and Managing Your Student Loans – Part 2

Student
Student

And we're back! I hope you enjoyed yesterday's article which highlighted the federal loan programs available to pay down and/or forgive your student loans. This article is long as it is so let's get right to it! State Government Loan Programs States with Student Loan Repayment – Some states such as Kansas and Nebraska, have certain counties designated as Rural Improvement Zones.  In exchange for simply living in these areas for a certain length of time can earn you loan forgiveness amounts which vary by program. Work in High Need Professions – Similar to the federal program described above, there are several states that offer full or partial loan forgiveness in exchange for serving in high need fields like education and nursing. Specific State Programs – Following is … [Read more...]

The Ultimate Guide to Paying Off and Managing Your Student Loans – Part 1

student_loan_article
student_loan_article

  I saw a meme the other day that read: “Dear Sallie Mae, If it’s that serious, you can come get this degree. I’m not using it anyway…” All kidding aside, even if that was possible, most of us wouldn’t dream of it – blood, sweat and tears go into earning a college degree! Unfortunately for many, however, the bleeding, sweating and crying doesn’t stop on graduation day. It is estimated that two-thirds of American college graduates carry some level of student loan debt with an average load of $26k. More often than not, folks are carrying this debt well beyond graduation.  The current level of student loan debt in America now exceeds $1.2 trillion, the second largest form of consumer loan debt behind mortgages. With those kinds of numbers, it’s no wonder there is a lot … [Read more...]

Fixed or Variable Home Loan? That’s Still The Question

first-time-home-buyer-tax-credit-house
first-time-home-buyer-tax-credit-house

If you're looking to finance the purchase of a new home one of the questions on your mind may be Should I get a fixed rate or variable rate home loan plan? The truth is there's no easy answer as both options have their pros and cons.  The best course of action is to read up on the features of both types of home loans and make an informed decision about which one is best for you. The pros of fixed rate home loans Fixed rate home loan plans are just that, they offer a fixed interest rate on your mortgage loan for a predetermined time period such as 1, 3 or 5 years. Stability is a major benefit of fixed rate loans.  You will have consistent monthly mortgage payments and your payments will be completely unaffected by interest rate hikes because your rate is locked in.  This is the … [Read more...]

5 Tips for Paying Off Student Loans

Student
Student

Paying off student loans, especially when the balances often total more than a year’s salary can be an intimidating task. For those who want to get better with their student loan repayment, here are 5 tips to make it happen in less time and with less pain. Get Creative Often times the most overlooked ways to pay off student loans can be the most creative. The internet is filled with inspiring stories of real students paying off their loans. Whether you start a small side business, cram roommates into your apartment, or spend your free time taking surveys online, every little bit of effort can significantly reduce the time you spend paying back the loan, and the interest you have to pay in the process. Avoid Credit Cards Many often try to get zero or low interest rate credit … [Read more...]

When Your Deadbeat Partner Ruins Your Credit

woman credit
woman credit

If you suspect that your partner is wrecking your good credit it can be a frightening situation. How do you really know what’s going on?  How do you protect yourself? How can you clean up the wreckage? These are just a few of the important questions you need answers for pronto.  The good news is you have options and you don’t have to let Mr/Mrs. Spendthrift trash your financial future. The thing is, when your partner sinks their credit, this behavior can have far reaching consequences for you.  My guess is you’ve worked way too hard to get to where you are today to sit back and let that happen. Let’s break this problem down, discover exactly what’s going on and how to protect yourself. Credit Report One of the very first things I’d do if I thought my spouse was financially … [Read more...]

#MoneyChat: Real Talk About All Things Money and Business

moneychatbook
moneychatbook

Today we have an interview with Dorethia Conner Kelly, brilliant author and mastermind behind #MoneyChat - The Book!  I truly enjoyed her book as she gets real about money issues and how to solve them with real world solutions.  Check out her insightful interview below! Get a FREE chapter of #MoneyChat: The Book here: http://ow.ly/GKrCn via @dorethiaconner What is someone's ‘#MoneyChat’? Your #MoneyChat is what you SAY and DO with your money. I believe the two are directly related and that you have to change what you say in order for your actions to follow. #MoneyChat’s are the conversations you have with friends, colleagues and family at lunch, at the coffee shop, in the car, during game night… do you join the pity party or bring positivity to the conversation? Are you sharing the … [Read more...]

Get Over Debt- How Women Do It

credit-card-debt
credit-card-debt

Regardless of gender, debt can often seem insurmountable. Whether you have a mountain of credit card debt or huge  student loans, you may feel that you might never repay all of it- let alone chip away a large chunk of it. No worries, you're not alone! Debt, for sure, is no trivial matter. We can pay it down with a plan and perseverance. If you're in a financial rut, you need to assess how far up the creek you might be.   To get out of debt, you need to change your lifestyle. Fall back on the impulse spending and embrace frugality.  Be diligent about lowering your expenses and cutting back on your spending. Some people were all about doing whatever it takes to achieve financial independence. They flip burgers, deliver pizzas, wait tables, babysit, clean houses, etc Pay as … [Read more...]

How to Get Credit Card and Bank Fees Reversed

bad_credit_loans
bad_credit_loans

Never underestimate the power of a phone call. Seriously. That one person-to-person call can help you get out of all sorts of fees and penalties as far as your credit card companies and banks are concerned. If you have ever opened a bank or credit card statement only to be shocked at a fee you don't recognize, here are the steps you need to follow. Keep in mind that these techniques don't always work. There are some fees and penalties that can't be waived-regardless of customer service implications. The good news is that in many cases, your bank or credit card company would rather retain your business than collect on a relatively small fee. Step #1: Get a clear understanding of the fee or penalty involved Chances are, if you are like most consumers, you didn't even bother to read … [Read more...]

Hacking Into Debt Free Living with Ginger, Lori and Cher!

Ginger Lori
Ginger Lori

Girls (and guys) just want to have FUNDS right? But does having FUNDS = No fun? Join me as I chat with Lori about hacking into a debt free financial future. Tonight we'll encourage accountability, share wealth building/credit slashing strategies and take the shame out of having debt! Join us TONIGHT to get inspired, learn some of her strategies and commit to getting back on track, so you can be in a credit crushing mindset way before your holiday shopping begins. Click here: https://plus.google.com/u/0/events/cu8i0nr4s6ppbg738ikpe7u8nvs to join us in 30 minutes!   … [Read more...]

Funding Your Education: 8 Student Loan Alternatives

student-loan-debt-2
student-loan-debt-2

Going to college has never been considered cheap or easy but with college tuition on the rise with no relief in sight, it’s becoming nearly impossible to graduate from college without being sunk in debt from the get-go. With more than 60% of students having to take out student loans, than means than more than half of college grads are entering the workforce already in debt up to their eyeballs. There are some alternatives to taking out loans that should be considered to help soften the burden of tuition. Consider trying a few of these strategies to help fund your college education. Scholarships Scholarships are “won,” usually through following specific guidelines and can be found through many sources. Each college will have its own scholarship program and can be academic or … [Read more...]

How To Stop Hiding From Your Debt Conquer It Once And For All

debt
debt

Whether loans or credit card debt, the old saying 'Out of sight, out of mind,' won't do you much good. In fact, it can lead to disaster. You have to face your debt squarely or it's going to demolish your financial future. This is especially true when it comes to credit card debt. You can try to dance around your debt load by paying the bare minimum. When you do this, the only winner is the credit card company. Every time you pay only the minimum, your debt gets larger and larger thanks to compound interest. Avoiding your debt by giving it the bare minimum isn't going to make it go away. Things will only get all that much harder when your debt grows to the point where you can't ignore it anymore. Now is the time to nip that looming debt disaster in the bud. Here are some practical, … [Read more...]