I Used Cccs Before Can I Use It Again
Navient Student Loan Settlement: Who, What, When & How?
| Tip of the Week
The settlement reached last week with Navient is intended to resolve claims that Navient allegedly improperly steered some federal student loan borrowers into forbearance – instead of federal student loan relief programs, similar Income Based Repayment, and issued high-involvement individual student loans to borrowers attending predatory for-profit schools where they were unlikely to succeed or be able to repay their loans. Navient consistently denies any wrongdoing. Forgiveness for Some Private Student Loan Borrowers The settlement understanding includes provisions for student loan forgiveness for sure Navient individual student loans, and modest restitution for some federal student loan borrowers. Pay attending to those key words! Here's what you demand to know: If you take Individual NAVIENT pupil loans, only certain ones issued by Navient are considered.You lot must have attended certain for-profit educational institutions similar DeVry.The loans must take been disbursed between 2002 and 2014.You must accept been delinquent for at least seven ...
Student Loans: Payment Pause Extended Through May 1, 2022
| Tip of the Week
Hear ye! Hear ye! Okay, now that I hopefully have your attention…the "rumors" are right. If y'all accept federal student loans, your payments exercise non (take to) begin again until May 1, 2022. If y'all were unaware, they were due to begin stop of Jan 2022. Why the "accept to"? If you noticed, I said do not (have to) begin over again. Because if you Tin can afford to pay at present, paying your student loans now while Non accruing interest is a VERY WISE FINANCIAL DECISION. Y'all can make a bigger dent in your repayment of loans if y'all can pay while no involvement is accruing. It's math. This pause includes (continues) the following relief measures for eligible loans: A pause of loan paymentsA 0% interest rateStopped collections on defaulted loans Scam warning: Do not take unexpected offers of financial assist or assistance (such as a "pandemic grant" or "Biden loan forgiveness") ...
BNPL?? What the Heck Is It? And What the Heck is Information technology NOT?
| Tip of the Calendar week
Recently, I had a client with a multitude of pocket-size payments due that I was wondering what is going on here? They were adding up Then fast that the customer had simply lost track and needed some help. Welcome to BNPL. Buy now, pay later (BNPL) is a payment plan that lets yous interruption up your total buy at checkout into a series of smaller installments. These plans aren't new…but recently have been catapulted into the mainstream with Amazon, Walmart, and Target now offering them. But with the promises of convenience, zero interest and minimal fees…yous have to wonder…what'southward the catch? Guess what BNPL accounts are NOT? Helpful to your credit. BNPL providers don't report on-time payments to the major credit bureaus, so different credit cards or loans, you lot can't build credit with this type of financing. Only here'due south the take hold of…some providers DO written report missed payments which ultimately hurt your ...
How Not to Go Wrapped Upwardly in Holiday Overspending
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Give yourself the gift of a "financial stress-costless" holiday this year! Y'all deserve information technology. It's been a hard-enough year. It IS possible to gloat without spending all of your cash or maxing out your credit cards. Stay on upkeep…and don't become wrapped upward in holiday spending!! (See what I did there?) Prepare Holiday Spending Limits Limit yourself and give your listen a break (and your credit card) by limiting what you lot purchase to ONLY what can safely come out of your banking company account. (Or your greenbacks amount.) How much tin can y'all actually afford to spend? Holiday budgeting is a mode to set up limits on your purchases and yet bask the season. Or maybe because of it! The money y'all can reasonably spend on gifts is money that isn't going to bills. If you want a petty more than to spend, it doesn't have to exist solely from what's left after bills ...
YOU & YOUR CREDIT REPORT: Understand It!
| Tip of the Calendar week
It's easier to review your credit report successfully when you lot know and understand all the parts, what they mean, and how they bear upon your credit situation. AND....GO... Personal Information Credit reporting agencies use your personal information to ostend yous are the person who opened the accounts listed on your study. Cheque this section carefully to make sure your information is correct and current. The incorrect data could mean that you are being charged for some other person's debt! Public Records Bankruptcies (sometimes foreclosures) are the simply public records that appear on a credit report. They appear as long every bit x years. Negative information may lead to a higher interest rate or existence turned down for credit. Business relationship Information In this department, your credit accounts are displayed one by one. Lenders typically update the information monthly. The data usually includes: payment history, if an account is current or past due, rest, and ...
Buyer Beware! Looking for Alternatives for Your Vacation Shopping?
| Tip of the Week
You've probably been hearing all about this: THIS vacation season, it might be harder to find the gifts you're looking for. Many of us are looking for alternatives, like buying locally – or mayhap from online marketplaces, social media sites, online ads, etc. If that's you heading online, here are some tips you can do to avoid a scam or bad feel: Bank check THE RULES. Check the rules about refunds and returns, and what happens if at that place's a problem. Does the site take processes to help you lot get the refund if yous don't get exactly what was advertised or if you never get the particular? PAY IT Safe. Make sure they let you pay with a safe payment method. For example, credit cards have legal protections, or a secure online payment arrangement can protect you in case there'south a problem. IF someone tells you to pay with a wire transfer, ...
Common Debt Payoff Mistakes…Just Don't Do It! (Pt ii)
| Tip of the Calendar week
Y'all didn't think I would forget the second part of the nearly mutual debt payoff mistakes, did you? Read on... 7. No Programme To successfully go out of debt, y'all demand a plan. Very simple. Throwing money at diverse debts is okay. However, with a plan, success happens FASTER. Knowing when a debt volition be paid off with a plan is a HUGE motivation. You can Come across your progress. 8. Lack of Motivation Speaking of motivation, it is HUGE when paying off debt. This mutual debt payoff fault will make or break your success. You lot demand to keep your motivation going. One of the best means is to plan milestone celebrations. They don't have to be huge or costly. Track your progress visually with a debt tracker. 9. Wicked Debt Bike The continuous debt bike is harsh. This common debt payoff fault is why and so many try to pay off ...
Common Debt Payoff Mistakes…Just Don't Do It! (Pt i)
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I become it. I get it. We are regularly writing these articles to review how to become debt free and suggest relatively the same steps over and over again. Just peradventure, simply peradventure, in the midst of those steps, you are also making a few mistakes when it comes to your debt payoff program! Read on... No Emergency Fund Probably the number one mistake when attempting to pay off debt is no emergency fund. Practice not be agape! I'g not saying the vi months of living expenses saved up...simply what about something to start. Non setting bated Whatsoever money for the "unexpecteds" is the mistake. Start with a goal of $chiliad or $500. Something. When you lot are reorganizing and trying to get alee with your finances, you must kickoff on a solid foundation. That ways an Emergency Fund. In order to go ahead, you must exist prepared for the unexpected. ...
Don't Be Surprised! 5 Things That Might Stop You lot from Getting a Dwelling Loan
| Tip of the Week
Before you lot even fill up out the application for a home loan, brand sure you lot're prepared. Here are 5 things that might stop you from getting a mortgage. Your Credit Score Isn't What You Think Information technology is Did you know that yous have more than than ane credit score?? Fewer than ten percentage of Americans know this. Don't rely on free credit scoring websites. Go to one of the three FICO-approved credit bureaus – Equifax, Experian, and TransUnion. For a complimentary FICO score, cheque with your bank or credit card issuers. Recent Changes to Your Job or Income While it is possible to get a home loan after a recent job modify, it tin can exist catchy. IF your income structure changes significantly like moving from a salary to committee, it tin be trickier. A lender calculates your average bacon over the past 24 months when evaluating your application. Your alter in pay ...
Secured Debt v. Unsecured Debt: Smart Debt Repayment Strategy
| Tip of the Week
Secured Debt is… Debt is secured when the creditor takes a "security involvement" in collateral. Sounds confusing only the concept is elementary. For some types of debt, creditors desire to know what they can get their money back without too much trouble if you don't pay them. Taking a security interest accomplishes this. For personal debts, the language creating the interest if included in the contract that the borrower signs when purchasing the collateral. That security involvement gives the creditor rights to the collateral. Collateral is merely property that you pledge to give the creditor if you fail to pay the money you lot owe them. Collateral on secured debt for personal use is the very property that you purchased with the loan you lot were given. Two elementary examples: mortgages and car loans. The collateral is the house or vehicle. In a machine loan, the creditor who is making the machine ...
Student Loan Payments to Restart: Here's How to Get Help
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Repayment starts as of October ane for four.29 million pupil loan borrowers with federal debt. It's been 18 months without a payment. That ends in Oct - set up or not. The interest-free federal student loan payment pause, known as forbearance, was extended three times after information technology initially went into effect in March 2020. But with payments set to resume in a few months, servicers – the companies that manage student loan payments – are already fielding thousands of calls a day from borrowers seeking student loan help. Fourth dimension is running out for both servicers and loan borrowers to prepare for repayment. Education Secretary Miguel Cardona has indicated that it is not "out of the question" to extend the loan forbearance, borrowers should exist prepared for bills to come due sometime in Oct. (You lot should exist notified 21 days prior to your exact billing date.) What to practise?? TALK WITH YOUR ...
Today'southward the Day! Kid Taxation Credit 2021
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The federal Child Tax Credit (CTC) is kick off its first monthly cash payments on July xv to eligible families with children ages 17 or younger. Almost 9 of 10 payments were sent via direct deposit according to the IRS and Treasury. The enhanced Kid Tax Credit is an expansion that boosts the credit from $two,000 to $3,600 for children ages 6 to 17. Information technology also makes the CTC "refundable" which means people can become it even if they don't owe federal income taxation. Non anybody will authorize. Single taxpayers must earn less than $75,000 and joint filers must earn less than $150,000, with payments reduced by $50 for every $i,000 of income above those limits. The enhanced payments stage out for single taxpayers earning $95,000 and joint filers earning $170,000 – but most households earning to a higher place those limits will still qualify for the regular $2,000 per-child CTC. These payments ...
When is the Best Fourth dimension to Buy Your Starting time Domicile?
| Tip of the Calendar week
Buying your first home is both thrilling and challenging, and non for the faint of middle. Before you lot fifty-fifty get into the housing market, you will spend quite a scrap of time thinking about your goals and preparing your finances. 1 the near difficult decisions tin can exist figuring out when you lot are gear up to enter the market place and to commencement placing offers on homes! This process looks different for everyone. Lesser line: There is not a single correct time to buy a house. Hither are some tips for how yous tin determine the platonic time to purchase your showtime habitation. Three Major Considerations Because this is such a major decision, you need to think near information technology through multiple lenses. If you let emotion accept over, you will be much more likely to make a error. Here are the three unlike ways you should think about the decision to enter the ...
10 Ways to Lower Your Life'southward Fixed Costs
| Tip of the Calendar week
Household budgets are comprised of two types of expense: fixed and variable. A stock-still toll is an expense that does not change from ane calendar month to another. These are expenses that have to exist paid. Recall mortgage payment, rent, insurance, etc. But the exact money spent on clothing or water ice foam varies wildly from one month to another. A variable cost. Simply you CAN make changes to stock-still costs. Then more money in the budget and more than money in the bank.. Hither are 10 tips that may reduce your fixed costs.? Buy/Hire a Smaller Domicile. Housing costs have upward the largest percent of a person's income in most cases. Living in a smaller home offers opportunity to cut these fixed costs. Your largest expense offers the greatest opportunity.Avoid Car Payments. Best auto advice: "Purchase the most reliable car that yous tin purchase with cash, and and so begin saving for your ...
Attending WI PARENTS: Pandemic EBT Benefits
| Tip of the Calendar week
Nearly one-half a million Wisconsin children are eligible for Pandemic EBT benefits, but many parents may not know it. Starting in March 2021, this program volition provide grocery store benefits to parents to replace the value of missed school meals. Pandemic EBT (or P-EBT) is a federal nutrition program that the USDA has recently approved in Wisconsin for families with school-aged children. Benefits are based on the 2020-2021 schoolhouse twelvemonth and will exist available starting March 25. What is Pandemic EBT? Pandemic EBT (P-EBT) is a program at provides grocery benefits to parents to supervene upon the value of missed school meals. That means y'all can receive money for groceries to assist feed your children – families in WI could receive up to $1,248 per child! Children who did virtual learning (learned at home or on a home figurer) for any portion of the 2020-21 school year may be eligible to ...
Simplify Your Finances, Improve Your Quality of Life
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At that place are many means that simplifying improves your quality of life. But allow's focus on FINANCES. I encouraging effect of simplifying is that information technology also saves you money. Decluttering and simplifying makes you more thoughtful of what you purchase going forward. Yous encounter what you have wasted money on and reign in your purchases, which then helps keep ataxia out and money IN! Practise these simple things and see how much money y'all can save! WAIT TO PURCHASE Don't get defenseless up in the advertising hype. It'due south like shooting fish in a barrel to practise. Marketers are professionals and they know what they are doing. Before you know it, yous're clicking away and ordering something you're convinced you lot Take to have. They tell y'all that you deserve it or that it volition meliorate your life in some way. Very few things alive upwardly to what they hope. More often, they turn into heir-apparent's remorse and ...
The v Worst Money Mistakes You May Be Making
| Tip of the Week
We ALL brand mistakes. That's a given. And we all know about learning from our mistakes. You're not alone if you've made a few financial mistakes. While money mistakes are arguably subjective, at that place are a handful of missteps that experts hold y'all tin can easily avoid. Hither are 5 common money mistakes and steps you tin can accept to avoid them: 1. NOT HAVING AN EMERGENCY FUND If 2020 taught us annihilation well-nigh our finances, information technology'south the importance of having an emergency fund to tap into when unexpected events arise such as chore loss or unplanned medical bills. When you have no extra greenbacks set up aside, so you're forced to utilise expensive ways to finance your life. This tin (and usually does) include racking up loftier-interest credit card debt, taking out a cash advance, or relying on (the dreaded) payday loans. These financing options will likewise be tied to what kind of ...
Spot a Credit Repair Scam
| Tip of the Week
Jan is the month of "new beginnings", "fresh starts", "do-overs". And finances usually top the list. Don't be fooled by credit repair scams. Adept credit is important for many reasons. It makes it easier to get a credit card or loan with favorable terms. Bad credit can make it hard to rent an apartment, detect a new job, or get a cellphone contract. Information technology's easy to meet why someone with bad credit, who is drastic for help, volition fork over hundreds of dollars (sometimes thousands) to a company that guarantees to solve their credit bug. Information technology'southward THIS simple. Any company that promises it can hibernate or remove your bad credit history for a fee is scamming you. If y'all believe the ads—and yous should not—these "credit repair" companies can quickly and dramatically boost your credit scores by removing all negative items (such as late payments and bankruptcies). "The reality is ...
STIMULUS CHECK: Circular 2
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Have you checked your banking company account? Yours may be one of the bank accounts that already has the $600 stimulus check deposited! This second round of stimulus directly payments started December 29, 2020. The checks volition continue to striking bank accounts (or mailboxes via paper check or debit card) through the offset half of Jan 2021. HOW DO YOU Find OUT IF YOU QUALIFY? Qualifications is similar to the offset round of stimulus payments in March 2020. Individuals earning up to $75,000 a year and couples earning up to $150,000 a year are eligible for the full amount. Parents can receive an additional $600 for each dependent child under 17 years erstwhile. WHAT IF YOU DON'T RECEIVE A 2d CHECK? Well-nigh people volition receive their second stimulus bank check by directly deposit with the bank account that the IRS has on file. Payments are automatic for anyone who filed a 2019 ...
2021: A YEAR OF POSITIVE GROWTH
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A new year, a new y'all. Nosotros've all heard that, right? Just what if you like the erstwhile you and perchance but need a trivial boost? Make 2021 your saving-savvy, year of positive growth. Commencement with one or two tips below. But Commencement! BE SCARED OF CONSUMER DEBT... But not necessarily of credit cards. Keep reading. There are HUGE benefits to using credit cards RESPONSIBLY. You need to build a credit history. Yous need to build a make clean, excellent credit history. Starting time with a secured carte. This is where you put downwardly a deposit which becomes your credit line. You care for the account similar a regular account and make payments ON Fourth dimension. Use the carte du jour responsibly here and there. Pay off the entire rest immediately when yous practise use it. In no fourth dimension at all, you will accept congenital a credit history and did and so in a safe way! Outset ...
FINANCIAL Freedom 2021!!
| Tip of the Week
Get set up! 2021 is literally around the corner! And just like starting fresh in the new year is a neat goal for weight loss, exercise and all the other common new year'due south resolutions...information technology'southward the perfect time to call back FINANCIAL FREEDOM in 2021!! This past year has been a rollercoaster. No doubt about it. Time to have control and feel the ability you can obtain over your finances. DEBT FREE does not equal wealth. OF COURSE, becoming debt complimentary is one of the Most freeing accomplishments. Focus on it; yet, know that information technology does non equal wealth. While increasing your monthly greenbacks menstruum and reducing debt is VITAL to move on in your financial liberty, at that place are options in HOW to do so while also preparing to build wealth. Information technology's all near the numbers. Remember your math instructor, telling you how important math would be in your life??? Create a moderate ...
Holiday Shopping Tips 2020
| Tip of the Week
FTC (Federal Merchandise Commission) reminds shoppers to look out for scams and do your research to salve money. Holiday shopping has taken on a new shape this yr due to the COVID-19 pandemic. Probable you'll be going online to look for those perfect gifts. With countless sales going on, it'southward important to keep some online shopping tips in listen. Holiday Shopping Tips Most importantly, make sure your estimator is outfitted with up-to-date antivirus software. The FTC has published a comprehensive listing of things consumers can do to make certain their cybersecurity is upward to snuff. While you are doing your actual shopping, there are steps to ensure you're getting the best deal and keeping yourself safe. * Have time to compare products. If you're looking for a specific item, take the fourth dimension to store around. Doing so can permit you lot to save money that can be used for other gifts ...
Footstep BY STEP: HOW TO BUILD SMART FINANCES
| Tip of the Week
Holli Lewandowski; Certified Credit Advisor and Credit Educator Recently I spoke with a group of high school students who had been discussing personal finances in a life skills class. They had many bully questions and then it had me thinking…what would I have wanted to know as a young teen that I at present know regarding building smart finances?? Save/Spend/Share From the youngest of ages, children tin can be "primed" to see their finances as having power. The power to share and make a difference. The ability of chemical compound involvement. The power of saving upwardly for that special something. Smart money management is a muscle. Proceed using the skill and information technology volition get stronger. Teach your children (or start once more with yourself…it's never as well tardily!) to divide your money into the above categories or something similar. Relieve: that's they easy ane…in a piggy bank or a real depository financial institution account. Spend: this amount ...
UPDATE: What Renters Must Know Well-nigh Eviction Moratoriums
| Tip of the Calendar week
There have been new changes to the legal and economic landscape for renters. The CDC published an order that protects qualifying renters who take been impacted by COVID-19 and submit a proper affidavit. Withal, that order expires at the terminate of the year. A few other federal protections may aid some renters, and individual states have also published their own orders. Hither is a closer await at the protections currently in place for renters impacted by COVID-19 forth with some ideas for how to maintain your hire payments moving forward. The CDC published an lodge forbidding evictions of "covered persons." This society is effective through December 21, 2020. In some ways, this guild is more than expansive than the previous moratorium under the CARES Human activity, because it covers more people. The CDC society actually applies to every rental unit. Tenants must certify that they are qualified as a "covered person." Tenants ...
vii Biggest Money Wasters and How to Avoid Them
| Tip of the Week
The pandemic has caused u.s.a. all to have a second expect at our spending habits. And it'due south more important than ever to recognize where yous can cut back and save. An easy place to beginning is looking at your spending habits and recognizing when information technology is that you spend when you don't need to spend. This money could be added to your emergency fund or saved for holiday shopping, which often seems to come every bit a surprise each year. At present is a good opportunity to zero in on where your coin goes and intermission the addiction of spending on things you don't need. Below are seven (and unexpected) means people waste money and how to avoid these costly mistakes. Stop paying for insurance that you don't need This ane goes overlooked. Many times, people believe that the more insurance, the better. Sure forms of insurance are just not necessary for ...
7 Key Pieces of Financial Advice to Unlock Your Life
| Tip of the Calendar week
The lightbulb moment. The "ah-ha" moment. When algebra finally makes sense. Those are the KEYS that change your life. The following 6 are those moments financially: 1. People who overspend their income practice then in one of three ways: ane) Besides much house, ii) Also much motorcar, 3) Too much amusement. Of course in that location are outstanding circumstances (medical emergencies, tragedy, task layoff, etc.) But generally speaking, if yous accept a hard fourth dimension living within your income, bank check your spending on your domicile, your auto, or your entertainment (dining, tickets, trips, shopping). Keep each category modest a.chiliad.a. "alive within your ways". Y'all tin't take a steak dinner on a hot canis familiaris budget. Only with the correct financial outlook and planning, you can take that future lobster dinner without debt or anxiety. ii. Begin your marriage/partnership living on merely one income. Imagine this: Work difficult to alive on merely one of the ...
Protect Yourself from Cyber Attacks!
| Tip of the Week
How to go along your data safety: Make sure you know who you lot are communicating with. Fraudsters pose equally legitimate organizations like banks, the IRS, etc. There are some basic things to remember. Text message: Your bank volition never enquire y'all to sign in or give personal information via text bulletin.E-mail: Watch out for emails that tell you to click on a link or provide personal data.Phone Calls: If you didn't expect a call from the bank, it could be a scam. Don't provide whatever personal information, simply hang up, and telephone call the bank yourself at the number in your cyberbanking information. Be aware of COVID-related scams. Criminals are taking reward of the pandemic. Here are some of the top 5 scams to look out for: Stimulus Scams: Be alert of scammers asking for an upfront payment, banking concern account, or social security information in club to receive your stimulus bank check. The ...
WARNING SIGNS: Are you stuck in debt?? (Part two)
| Tip of the Calendar week
Are you lot stuck in debt? These are the continuation of warning signs. OVERWHELMED BY Student LOANS Student loan debt has reached $1.5 trillion! And more than 9% are at least 90 days belatedly. Solution: Speak to a school loan counselor to place options like income-based repayment or consolidation. Avert it in the showtime place: grants, scholarships. Counterbalance the toll v. your earning potential as a guide to loan totals. You ALLOW FOMO TO DICTATE YOUR SPENDING Ane of the biggest causes for overspending and debt is FOMO. Information technology'southward a existent thing. Solution: Employ greenbacks instead of credit to actually think nearly your spending decisions. It's a form of mental accounting. YOU Take YOUR FINANCIAL PRIORITIES MIXED UP One of the most common mistakes is to remember that when it comes to credit card debt, that you need to salvage and invest at the same fourth dimension. Any money that you are ...
WARNING SIGNS: Are you stuck in debt?? (Office 1)
| Tip of the Calendar week
80% of Americans are in debt. $13.95 trillion (yes, with a "t".) This is the total amount of debt from the almost recent report on household credit and debt. (Federal Reserves of NY) Read those once again. Are you stuck in debt? There are warning signs. YOU BELIEVE DEBT IS Role OF LIFE Nope. Debt is the outcome of wanting or needing something that you lot don't have the finances to buy at the moment. But put. Solution: Don't Want debt and then badly! Go on close tabs on your spending to see how much you're relying on debt to maintain your lifestyle. You lot Utilise CREDIT TO Embrace EMERGENCIES When you don't accept cash reserves to cover unexpected expenses, you lot might have to rely on your credit cards. And then you finish up paying more than the original emergency if you don't pay off the balance before interest charges begin. Solution: You can avoid this ...
The 16 Day Guide: Get Started on Becoming Debt-Free
| Tip of the Week
You can exercise it! Information technology will alter your life. **This is Non a guide to becoming debt-free in 21 days but instead 21 days of motivation, inspiration, and activeness to FINALLY get started!** This is a guide to change the style you think about money. Twenty-four hour period 1: Plan with your partner (or cocky) a solar day to review finances, health, and other things that are meaningful to you. Ready the engagement. Write it down, Commit to it. Choose a time when you lot can have an 60 minutes or two with no kids or distractions. Have a conversation. Daydream a flake…" I call back information technology would exist awesome to…" Inquire questions like why now or why non at present? Prepare up some other time to check in. Day 2: See your money on paper. WRITE information technology all downwardly. What's going in. What'due south going out. What you ain. What you owe. Day 3: Let go of the ...
"NO" IS NOT A NAUGHTY Discussion: GOOD FINANCIAL HABITS
| Tip of the Calendar week
Nigh of united states make poor financial decisions: a trip nosotros can't really afford or repeatedly eating lunch out when our upkeep says "brownish pocketbook it"! Making modest changes over time can have a major effect on your finances. Your finances are more often than not a serial of little choices that add upwardly over time – buying i latte that you actually tin't afford won't necessarily ruin your finances. Just those small bad choices add together up to debt, regret, and major issues in the long run. Turning things around doesn't take to be hard or painful! Make just a few small changes, and yous'll be on track for a meaningful improvement to your finances and yous can start at any fourth dimension! Why not offset NOW? ** MAKE A BUDGET You can't stick to a guide of a upkeep if you lot don't have one. Information technology's very important to fully sympathise how much money is ...
REBUILD YOUR EMERGENCY FUND: 5 TIPS
| Tip of the Week
These are tough times. No dubiousness about information technology. So what if you've used up your emergency fund? Rebuilding happens slowly. Simply like the commencement time. But there are plenty of things you can do to help you get back to where y'all were. Information technology takes hard work, but it's worth it for the security you'll become in return. LAY OUT A NEW BUDGET During whatsoever rough patch, laying out a new budget to make your money stretch is a great step. While things are probably nevertheless tight, a new upkeep is in order yet over again. Make saving a office of your upkeep. You've heard it earlier...PAY YOURSELF FIRST. Consider automating payments like a regular nib to go along the savings constant. Start small. In one case you attain your goals, found a new spending plan. 2. FIND A SIDE HUSTLE Maybe your income still isn't what it used to be? Consider adding another ...
PAPER or PLASTIC?
| Tip of the Week
Equally we move closer and closer to a cashless club, consumers can apply credit cards to pay for nearly everything, everywhere these days. Simply…that doesn't mean y'all should. Outstanding card debt has now hit its highest point ever, surpassing the $1 trillion mark in 2017 (per the Federal Reserve). Yeah, that's with a "T". No wonder 86% of Americans who have or had credit carte debt said they regret information technology, according to a contempo report by NerdWallet. NEVER put these 5 expenses on credit and why! TAXES It tin be tempting to put an unexpected tax neb from Uncle Sam on Visa or Mastercard. You feel similar "I'll get it over with and worry about it later." Not And so FAST. The Internal Revenue Service volition charge a processing fee of upwardly to 2 percent AND if you utilise a third-party filing software, you'll pay even more than. Why pay interest charges ...
President's Executive Deportment & Your Finances: Educatee Loans, Unemployment, and Housing
| Tip of the Week
What practise these Executive Actions mean for YOU? Evictions: (No Federal Moratorium for Now) The CARES Act had previously created a moratorium on evictions for federally subsidized housing and properties with federally-backed mortgages. Those protections expired on July 25. (Only IN: Moratorium extended through December 31, 2020!!) **You tin view the press release at https://www.hud.gov/press. Apply Bachelor RESOURCES Recollect, first and foremost, you are Non solitary. Many people are working tirelessly on this upshot. If y'all need help, consider reaching out to your local housing resources, including legal help or other tenants' rights groups. NFCC-certified agencies (like this one) can as well help with rental counseling or budget and credit counseling, which may help yous restructure your personal upkeep and debt obligations in order to make your rent payments. Make sure y'all stay informed about your rights, follow any developments in a new stimulus bill, and remain in close advice with ...
SWEET 16 Coin SAVING TIPS …Simply Considering!
| Tip of the Calendar week
Don't buy bottled water. Seems cheap, but it gets expensive fast. Settle for a filter and y'all can use tap h2o! Bonus: Better for the environs too. Make your own coffee. Seems obvious. Apply a coffee maker or even a French press instead. Even if yous add a flavored creamer…notwithstanding much less painful on the upkeep. Throw nearly-spoiled veggies in the freezer. Toss those nearly spoiled veggies in the FREEZER instead of in the trash. Employ for smoothies!! Cuts your waste material down likewise. Break out the tiresome cooker. Cooking in bulk really helps cut down the costs associated with more than individual-size meals. Eat your leftovers. Obviously. Launder with cold h2o. Unless you take serious stains or odors yous're trying to remove, most clothes can wash cold without an issue. And many times, for the better! Lower the temp on your water heater. Check your h2o heater. You by and large don't demand ...
NEW WHEELS? Don't become fooled!
| Tip of the Week
It'southward easy to spend more then you planned when ownership a auto. But spending too much on motorcar creates unnecessary financial stress. Don't go fooled…there are a few steps you can take to stay in your fiscal lane when buying a car. Set a upkeep! Just like you do when shopping for a home, you need to know what you can afford. Prepare a monthly upkeep to determine how much you can comfortably afford for a machine. Deduct monthly expenses, including your allotted corporeality for savings, from your monthly take-dwelling house pay. Y'all tin can utilize the remaining amount for your car payment, insurance and car expenses. Practice your research. Research the car yous want to buy BEFORE yous go to a dealership. Bank check out performance reviews, car values, and more than. The more familiar you are with the automobile that you lot are interested in, the less likely you'll be fooled into paying ...
YOU CAN DO IT! Ways to Relieve During Quarantine
| Tip of the Calendar week
I know! I know! Yous've tried it. Yous've heard them all. Just have yous?? There are ways to save in this unique time of quarantine. Read on... Set A BUDGET Your budget is your financial lifeline. Listing every income source you have: twenty-four hour period job, benefits, office time, and odd jobs. Detail all your expenses, like you home payment, auto loan, insurance, utility payments and anything that is mandatory every month to pay. Include gas and groceries fifty-fifty though they fluctuate. Create line item budgets for each category. Requite a realistic estimate and check back every couple of weeks to check your condition. Brand adjustments as necessary. REMEMBER: Budgets are a growing, living document. It is a tool. Make certain y'all aren't overspending and all of you money is going where it needs to get. GET A BUDGETING APP You can apply pen and paper or a spreadsheet, just you ...
Rent: What happens subsequently evictions protections end?
| Tip of the Calendar week
If you live in a property covered by the CARES Act, the soonest landlords can ask you to get out is July 25, and the soonest they can file an eviction to force y'all to leave is Baronial 24. THIS PART IS ESSENTIAL: The protections under the CARES Deed only apply to properties that receive federal funds or are financed under a federal programme similar Fannie Mae or Freddie Mac. If you live in a multifamily property with five or more units, there's a tool past the National Depression Income Housing Coalition that's designed to tell yous if the property where you lot live is covered under the CARES Act. Just enter you lot zip lawmaking and gyre through the list of properties looking for yours. There are other online tools that can help connect you lot to other resources. 211.org connects those in need of aid with essential community services. Recently it has ...
ten Warning Signs of Too Much Debt
| Tip of the Week
You spend more than 20 percent of your monthly take-dwelling house (internet) income on consumer debt. (Credit cards, loans, etc.) You lot don't know how much money you actually owe. You miss payments or pay them late. Y'all have been refused credit. You lot take overdrawn your checking account more three times in the past year. You infringe to pay off other debts. You but brand the minimum payment on bills. Debt collectors are calling. You borrow from retirement accounts or employ credit cards to pay monthly bills. You lot accept to take an extra job just to pay your bills. Do You lot have whatsoever of these signs? Your credit counselors tin can assistance! Let'due south talk nigh it...
Savings. Practise it now. It's never too early…or too late.
| Tip of the Week
No matter your stage of life, it's important to have savings. Special buy? Save. College educational activity? Save. First home? Relieve. Retirement? Save. Emergency fund? SAVE. CREATE A BUDGET. You must evaluate how much coin yous accept in and how much money you spend to have control of your financial life. List your income from all sources. List your "stock-still" expenses - the ones that are the same each month. Recall rent, car payments, etc. List your expenses that vary - amusement, recreation, clothing, etc. Write down ALL your expenses (even if seem insignificant) to assist you track your spending patterns, identify necessary expenses, and prioritize the rest. PAY YOURSELF FIRST. This means automatically making a savings contribution or investment with your income before it even reaches your wallet. Consider a payroll savings plan where a sure corporeality goes directly into your savings account each payday. (Ane of the easiest ways ...
Cease the Wheel of Debt. Seriously.
| Tip of the Week
SO you've paid off your debts. You lot're FINALLY free! Now what? The WORST thing you lot could do it successfully pay down your card balances, only to discover yourself in debt over again months or years later. Change the way you lot handle your finances and they style you call back about coin in lodge to keep yourself out of trouble. **If you haven't prepare a upkeep for yourself yet, this is a MUST DO step. It volition help you keep track of your spending each month so you know where every dollar is going. Past using a budget, yous will drastically reduce your chances of falling back into debt. Paper & pen, ledger style, spreadsheet, or even slap-up apps on your phone...there are all kinds of upkeep options. USE Cash Simply FOR NON-ESSENTIALS Cutting upwards those cards to avert farther temptation. Consumers spend more with a credit carte than with a debit ...
ID theft tin can happen to anyone
| Tip of the Week
An acquaintance recently shared this story with me: Ken, I have read your articles on identity theft in the past and have taken many of the precautions you have suggested. I take a great bargain of pride in knowing about all of the precautions, and said "it could never happen to me, I am too careful." I would similar to tell your readers to have identity theft seriously. Recently, I was shopping for a television set, Internet, telephone and cellular service that would meet my needs and hopefully salvage some coin. One of the providers offered me a special promotional package that gave me more for less and saved me approximately $30 a calendar month. I think you would agree this deal was too good to refuse. Again, being a smart consumer, I put the service on my credit card so I could go the reward points from the credit bill of fare ...
Some deals are worth waffling on
| Tip of the Week
Baronial ane, 2010 Have you e'er noticed how easy it is to rationalize your spending habits? At that place is nothing like something gratuitous, reduced, on sale or marked with a clearance sign to get the quondam shopping adrenalin going. I was walking through a store the other day, and as a good consumer, and following my own advice, I was checking out the sale and clearance aisles in the shop. As I browsed the shelves of bargains, I found i of those things I couldn't alive without, a waffle maker. Up to that point in my life owning a waffle maker had never crossed my mind, and I would accept never considered purchasing ane at total toll. But this hidden jewel was too skillful to reject. It was the display model, without the box or manual for but $9. I was going to save 80 percent; that'southward right fourscore percent. ...
Saving is tough, only information technology can exist done
| Tip of the Week
Dear Ken: You keep talking about saving for emergencies. Only my wife and I are having a difficult time making ends meet. We know we should save, simply it is near impossible. Exercise y'all have whatsoever special tricks that might work? A: Saving in tough times, or for that thing, saving anytime is tough. In that location are two basic rules of saving — spend less than you earn and have a reason to save. Part of the problem is the perception that we take to make a huge cede to save. When times are tough, the temptation is to cutting dorsum on saving and focus on surviving. However, when people offset thinking about ways to relieve and get-go cutting dorsum a little in several areas, they find they tin save more than. Here are a couple of thoughts for y'all to ponder. First, become the entire family involved in the procedure.Let everyone ...
Having the 'coin talk' with spouse
| Tip of the Week
June is simply around the corner, wedding bells are i n the air and I can "feel the beloved." If at that place was one affair I could share with newlyweds, it would be that sometime between "Yes, I will marry you," and "I do," you need to have the "money talk." Couples don't fight over honey. They fight over money. They fight because they can't balance the checkbook or one of them makes a major buy without talking to the other person. Whether the issues are big or pocket-sized, money will affect your marriage. Here are the four things y'all need to include in the money word that will give you some insight into how money will flow through your marriage. • Assets and liabilities. Take a look at what you both have and what y'all both owe. Assets are bank accounts, investments, cars, houses, and all of the other "stuff." ...
Foreclosure purchase not always a deal
| Tip of the Calendar week
Dear Ken: I read your column on ownership a dwelling house. What practice you recollect well-nigh buying a foreclosure dwelling? Answer: In that location's a myth that all foreclosures are deals considering they tin be purchased for pennies on the dollar. But non all foreclosures are deals and steals. Foreclosures often are purchased below market value, but the reduction in purchase price may but exist ten- to 15-percentage of the market value of the home. That savings should exist considered confronting some of the risks. Basically, at that place are three ways to purchase a foreclosure belongings: >> 1) pre-foreclosure sales; >> 2) foreclosure auctions or sheriff'south sales; and >> iii) from the lender after the foreclosure sale. In a pre-foreclosure sale, you purchase the property from the owner before it goes to auction or sheriff'due south auction. Sometimes this may exist at a discounted price or may be a short sale (a sale for less ...
Means to alleviate debt stress
| Tip of the Week
Dearest Ken: We are in a financial crisis. My hubby is a carpenter and in the concluding year and a one-half work has been difficult to come by. I am currently working at a manufacturing plant job and have had my hours reduced. Nosotros are having a hard fourth dimension making all of the payments on our credit cards, medical bills and mortgage. Nosotros have used up our retirement savings and accept had to utilize credit cards to survive. The stress is getting to u.s.a., and we don't know where to turn. Where do nosotros go to get aid? A: I guess our agency is still one of the best-kept secrets in the county. What you need to do is contact our agency for a financial assessment. The procedure is quite simple and non-intimidating. Yous call the function, we ship you a simple worksheet and when it is completed you lot call for ...
How prepared are yous for the unexpected?
| Tip of the Week
Are y'all ready? Not too long ago, I was with my mother in the hospital. We were at that place because my father had some serious wellness concerns and we were because the options facing the family. I was amazed at how well my mother and father had planned in example something would happen to either one or both of them. I know that we are all going to die sometime. Our financial planning is important, and the details are worth spending a little fourth dimension and consideration on. If something such as expiry or serious illness hits, are nosotros ready, or are our spouses or survivors fix to take care of the fiscal matters? All too often I have seen a spouse or survivor in a total quandary in these circumstances. Hither are a few things yous might not have thought of or considered in getting it together. First, practise you know ...
Build a 'span' to a happier retirement
| Tip of the Week
I was talking to a friend the other 24-hour interval and he fabricated the observation that a lot of people our age are starting to look erstwhile. I had to agree with him and shared that I had noticed that he and I were aging much amend than a lot of our other friends. He was considering retirement, simply thinks he would still similar to proceed working. I shared that I had read an article about staying young. The article pointed out that if you want to stay healthy after retirement, y'all need to keep working. That is exciting to me — a non and then successful "recovering workaholic." The research and findings were from a written report done at the Academy of Maryland. The researchers found that people who transition from full-time employment to full-time retirement with part-fourth dimension work, experienced fewer major diseases and functioned better solar day-to-day so those who totally quit ...
Getting out of debt takes family effort
| Tip of the Calendar week
Dearest Ken: My wife and I would like to get out of debt. We are stressing out about our coin situation. Nosotros are sick of fighting over money and really would like to piece of work our mode out of debt. What practise we have to practice? A: I am glad to hear that you have accepted the fact that it needs to be a family effort. Debt and spending habits can cause a lot of stress and strain on marital and family relationships. The question is: Are you are ready and willing to alter your lifestyle and spending habits to go out of debt? If you are, you are going to take to change some basic attitudes and habits. The entire family must be involved, not but you and your married woman. Relief is called " positive cash flow." All y'all need to do is spend less than y'all earn. So if ...
Credit carte du jour bailout program does not exist
| Tip of the Calendar week
Beloved Ken: I saw an ad on Telly last night and as well on the Internet that there is a authorities bailout programme for people with credit card debt of more than $10,000. Information technology would allow united states of america to pay off our debts for 60 percent of what we owe. What do you lot know about this program? A: There is no bailout for consumers with credit card debt of any corporeality. What y'all saw is a scam known as debt settlement and information technology will ruin your credit score. Last week, I worked with two dissimilar individuals who paid thousands of dollars to one of these groups. The groups provided admittedly no service and the individuals are catastrophe upward in the legal organisation with judgments existence filed against them. The "credit menu bailout" ads are very careful not to say they are government programs. The ads just imply there is help. In many ...
Scams strike good people
| Tip of the Week
You lot have heard the proverb, "Bad things happen to good people." Last week I heard of 2 people who were scammed past being expert people. It happened in Madison, just outside a credit union. On two dissimilar occasions, a man approached a credit union member, asking each of them for help to cash a personal bank check. He explained that he and his family were stranded in Madison on their style back to New Jersey, and he needed to greenbacks a check for gas and nutrient so they could get back habitation. He said that because he didn't accept an account at the credit union or an ATM card, the credit union wouldn't cash the check for him. So the man asked both people if he could make a personal check payable to them. Both people could cash the checks and keep $10 for their trouble, give him the rest of ...
Use your tax refund wisely
| Tip of the Week
Dear Ken: I just finished my federal and state taxes, and I am getting a nice taxation refund of more than than $3,500. What would you lot suggest I do with it? A: Offset, take a deep breath. If you are like most people, you lot already have plans for that refund, and you should know that by asking me there probably won't be anything fun you will get for your coin. With that said, I would suggest looking at your personal financial state of affairs and what options you have available. So accept a look at your financial goals. If you don't have any goals, at present would be a proficient time to consider some. Hither are a couple of questions and suggestions for you. Practise you have any savings for an emergency? If not, that should be a chief consideration. A possible $500 to $2,000 in a savings business relationship will take a lot of ...
No shortage of mistakes in money matters
| Tip of the Week
Someone asked me the other twenty-four hour period what makes me qualified to give advice on money matters. I replied that I have seen a lot of people make some simple money mistakes. In most cases, poor decisions are because of personal stress and non understanding the consequences of our actions. Hither are some of the most common mistakes I have seen people brand when it comes to dealing with their financial situations: > Not talking to your spouse and family. When situations alter or financial decisions accept to be made, talk to everyone that is going to be affected past your determination. Buying a new car, losing or quitting a job, reductions in household income bear upon everyone. Get anybody involved so you are all on the same page. > Living off credit. Many people recall they are doing OK without a budget, but use their credit cards for gas, dress, and ...
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