Paying down your debt will require organization and consistency. At times it will feel difficult but with the help of these tools, you will be able to see light at the end of the tunnel and find ways to reach your goals with quickness and clarity.
Budgeting is all about trial and error. It usually takes a few months to figure out what type of budget fits your needs and personal style. Once you’ve nailed down what works for you, it might take a few additional months to really dial in your spending versus your income.
As couples prepare for marriage, it’s wise to have a range of financial discussions such as disclosing debt, income, and assets and even setting shared financial goals. One conversation you shouldn’t overlook is whether a prenuptial agreement is right for you.
You’ll likely want to choose either the snowball method or the debt avalanche to choose the order in which you will pay off your debts. Then, really, the plan is to throw as much money as possible at your debts until they are gone.
Building an emergency fund is one of the most important cornerstones for financial security. Here are some tips on how to build an emergency fund and why it is so important.
An emergency binder helps you and your loved ones carry on when the worst occurs. Maybe there is an unexpected death, or you have to flee quickly from your home. Having all your important documents in one place can make a big difference. Here’s how to create an emergency binder.
If your finances are suffering, your mental health may soon follow suit. And vice versa – poor mental health often leads to poor finances. This can cause a downward spiral that is difficult to break — but there is hope.
Debt and depression can often go hand in hand. A recent survey noted that 45% of Americans have recently felt depressed about their financial situation. But there are things you can do to feel better about your finances right now.
If you need help paying your essential bills, there are many financial assistance programs to help keep you afloat until you can become financially secure again. From federal programs to local assistance, you are sure to find some help with these programs
For a lot of people, personal finance blogs are their top financial resource. When you are trying to get your money right, save for a big goal, or even aim for something like financial independence in your future, money blogs have a wealth of resources. Most of the time, these resources are completely free.
Financial literacy is the understanding of basic financial concepts and proper money management. When you don’t have basic financial literacy achieving financial stability is nearly impossible.
Financial literacy skills are crucial for success in our children’s future personal and professional lives. And teaching this skill usually falls to the parents. There are a lot of different tools and resources to help get our kids ready to make important financial decisions.
