Category: Tips
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Sinking Funds are a Lifesaver
First off, let’s talk about what Sinking Funds are, just in case you haven’t heard of them. A sinking fund is a savings account that is specifically for one purpose. To be honest, I started using them before I knew there was a name for them. I used to keep money in one savings account…
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Paying Off Credit Card Debt Pt. 2
Let’s dive right in with three more tips to get rid of your credit card debt faster. Final Thoughts The balance transfer can be a slippery slope if you didn’t already address the root cause for the debt. This is personally what I did to crawl out from under my debt, which was a hell…
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Paying Off Credit Card Debt, Pt. 1
According to Bankrate, as of August 2024, 50% of Americans are carrying credit card debt and 3 in 5 are carrying it for more than a year. If you’re part of the half that has credit card debt, I have some tips for you to help get you out. I’m not saying it’s going to…
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Credit Scores
Although it’s not the most riveting subject to read about, in order to beat the game: we need to know the rules! What’s a good score? Credit scores range from 300-850. Why do I need a good credit score? A good credit score will ensure that you pay the least amount in fees, interest, or…
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7 Tips to Stay Motivated on Your Journey to your Goals
I was listening to a discussion on motivation today and I thought I might share some tips with you because achieving financial goals requires a lot of motivation and we don’t always have it. Hopefully these tips will help you keep yourself going when motivation starts to wane. Remember that you don’t always have to…
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The Benefits of Using Credit Cards Responsibly
I did mention that when I was in college I had credit card debt. That really sucked. I didn’t know how to use credit cards responsibly and, to be honest, I was so broke that I would’ve racked up debt anyway. The thing that sucks the most about being poor is that every little unexpected…
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Fall is here!
Happy Autumnal Equinox! Fall is officially here! It’s the perfect time to assess where you are financially. I personally like to check in with my finances every three months to make sure I’m still on track for the year. I’ll be posting my quarterly update after September ends. I like to track: Prior to me…
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Where to Keep Your Emergency Fund
Understanding Your Financial Needs When deciding where to keep your emergency fund, the first thing to consider is your financial needs. An emergency fund should be easily accessible in times of crisis, such as unexpected medical bills or car repairs. Think about the potential situations where you might need quick financial support. Liquidity: Accessing Your…
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Emergency Fund
We never know exactly how our lives are going to go on a daily basis. We can have plans and goals, but life happens and things go wrong. We might have a car accident, a sports injury, storm damage on our home, the list of possibilities is endless. One thing you can count on in…
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S.M.A.R.T. Goals
We all have certain things that we wish for or hope for. However, they can be more than just wishes! In order to make them reality, we must plan. Today we’ll discuss how to set yourself up for success by creating S.M.A.R.T. goals for yourself. What is a S.M.A.R.T. goal? S -Specific M -Measurable A…