Are Credit Cards A Good Idea?

Are Credit Cards A Good Idea?

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Credit cards can be a huge relief, especially when you hit a rough patch, and if you’re like me your credit card is incorporated into your everyday life. Credit cards have numerous benefits, but if you’re not careful they can go from being a great financial safety net to being a source of grief really fast! So how can you make sure credit cards are never a pain? Before I even begin, do the following descriptions pertain to you? I use credit cards to purchase items that I could not otherwise afford with my debit card I don’t pay off my credit card in full every month If either, or both, of the preceding statements apply to you, then no, it is not a good idea to use credit cards. Stop using credit cards, or stop using them until after you read through this. It’s easy to think of a credit…

What To Do When You Run Out Of Money Before The End Of The Month

What To Do When You Run Out Of Money Before The End Of The Month

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… I Have Too Much Month Left At The End Of My Money We’ve all been there: It’s barely week 3 and you’ve gone over your spending allowance for the month. You might be in one of 2 situations: 1) You make a budget, you try to stick to it. You’re doing well, and then suddenly something unexpected happens.  2) You’ve just been naughty. You eat out all week and make that cheeky purchase (hey, I don’t judge). But whatever the case might be, you’ve run out of money and there’s too much month left at the end of your money. It’s too late to tell you you should have saved more in an emergency fund and it’s too late to tell you not to have bought the pair of shoes that were on sale since you can’t get a refund now (or you’re too fond of them). So what…

Read This Before You Invest In The Stock Market

Read This Before You Invest In The Stock Market

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A lot of people have asked me to write a post about how to invest in the stock market. I love the fact that young people are excited about investing and are trying to become the CFOs of their personal economies, BUT there are a few things one has to do before investing. So before you set up your brokerage account, or buy Apple stock (as a lot of young people do), make sure you’re not overlooking these essential rules: Pay off high interest debt: Any debt that is high-priced, which is credit-card debt for most people, should absolutely be paid off first. Most credit cards have interest rates between 16-18% and if you are stashing money in your 0.5% interest (or in some cases 0%) savings account each month, rather than paying off your credit card bills, you’re committing financial suicide! This is the most important step! Emergency Fund:…

March Money Madness: How to Save $500 in 30 days

March Money Madness: How to Save $500 in 30 days

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Saving is hard! Very hard. No matter what anyone says! The money you tuck away in your savings account could be providing you pleasure right this moment! No one wants to save, simply because it is unpleasant. I find myself asking, “Why can’t I just buy the shoes now?? Life is short”. Even when I know I should save! But what if saving could be very easy! As in superrr easy? This 30-day challenge will help you save close to $500 and get your finances in order! If you already save money, then this would just help you save an extra $500, which is awesome! Now not all challenges are made equal. Some are easy like this one, while others are just not meant to be. Believe me, my 30 day squat challenge ended on Day 3! Before you start planning your finances, start from the very beginning: you need to know…

Saving Is Awesome, Spending Sucks!

Saving Is Awesome, Spending Sucks!

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Saving is hard. No matter what personal finance blogs say, arguing about the future, and just how much money one will have in the future, the fact remains that you do not have that money now.  That $300 that could be used for clothes, movies, video games, or my personal weakness, computer parts, is now tied up in a savings account. Well that’s boring. It’s hard to convince people that saving money is more appealing than spending that money on goods that benefit you immediately.  As a random finance blogger, however, I am going to attempt to convince you that saving is awesome, and that spending has less benefits than you may imagine. My first challenge is trying to convince you that spending is icky.  I want you to try and remember your last big purchase of a physical item.  Do you remember how you felt before the purchase, and…