People look forward to the holidays all year long; after all, “it’s the most wonderful time of the year,” isn’t it? What people don’t look forward to are the bills that come in after the holidays are over. That’s when reality sets in. Here are some holiday spending mistakes to avoid this holiday season to help the after-holiday season brighter.
Because of unique circumstances, many people determine that it is worth it to borrow money to make purchases. Before you borrow, it is important to understand lending options and know the pros and cons of each.
You may have had every intention of using credit cards wisely like paying them off every month and only using them in the case of an emergency. Even with the best intentions, credit card spending can easily get out of control and then become extremely hard to get under control. If you’ve racked up debt in credit cards, here are some steps to take to gain back control.
With the SaveItUp Challenge coming to a close this year, we asked our members to share their personal savings story. Here’s what they said:
Credit cards offer convenience. You do not need to carry cash to make purchases because you can charge them and then pay for them when you receive your bill. To keep them from costing lots of money, credit cards require discipline on the part of the card holder. Card holders should always try to pay their balance in full by the due date each month in order to avoid interest payments.
Starting off with good habits in college, especially good financial habits, is extremely important to controlling the debt a graduating college student will have; plus, it builds great financial skills that are helpful through all of their lives. Numerous experts all agree that a few basic tips that all freshmen should know can help make the financial impact of college much more manageable upon graduation.
Have you asked your parents for a loan so you could buy something you really wanted? Maybe your favorite music group just released a new CD, and you don’t quite have enough cash on hand to buy it. You ask your parents if they will loan you $20 so you can buy it right away. Then you use the money from your next paycheck or allowance to pay your parents back.
There are several theories on what is the best way to pay down debt, but it really depends on your personality and what motivates you. Here are 5 different ways to help you get started.