If you are looking to save money on groceries, you are not alone. We all know how expensive groceries can be. According to the United States Department of Agriculture, a family of four with kids between the ages of 6 and 11 spends about $1000 a month on groceries. With that being said, chances are you could be doing a better job at planning your grocery store trips. You…
If you are in a considerable amount of debt, you may be considering filing for bankruptcy. This may seem like an easy way out, but there is much more to filing for bankruptcy than most people realize. In this post we will cover what bankruptcy is, how it works and what the difference is between Chapter 7 and Chapter 13 bankruptcy. What Exactly Is Bankruptcy? Filing for bankruptcy is…
If you are looking to reduce your student loan debt, you are not alone. Current graduates are carrying upwards of $1.5 trillion in student loan debt. In the midst of so much uncertainty with the coronavirus pandemic, there is some silver lining. The CARES Act forbearance period for student loans overlaps with the student loan grace period. This provides borrowers with a chance to pay down some of their…
Are you thinking about purchasing a new home within the next few months? If so, you’ll want to know about the mortgage preapproval process before you start shopping around. Typically, you’ll want to get preapproved for a mortgage around the same time you start seriously looking at properties. This is because the preapproval typically expires after three months. In this article, we’ll explain why you need to get preapproved…
Do you dread paying your cell phone bill every month? If you’re like most people, you’re basically tethered to your cell phone, but you hate paying the high cost of using it. If you could save money on your cell phone bill, how else would you use that money? Would you pay down debt or save for the future? In this article, we share five tips for saving on…
Have you ever considered taking a cash advance? If you’re not familiar with the term, it is a short-term cash loan that you can get from a credit card issuer. The loan will be taken against your credit card’s credit line. When you’re short on cash and need quick and easy access to money, a cash advance can seem very appealing. However, like most types of loans, a cash…
If you’re thinking about buying a home at some point in the future, you’ll want to be aware of closing costs you will need to pay when it comes time to solidify your home purchase. Closing costs vary on a state-by-state basis, but they’re typically 2 to 5% of the loan principal. According to ClosingCorp, a real estate data firm, the average total for closing costs in the U.S. is…
Credit card relief during the current coronavirus pandemic may be something you are curious about. Many people are suffering financial hardships right now with lost jobs and wages. If you are already in debt, this is something that can really help you out at least temporarily. With that being said, many credit card issuers are offering various forms of credit card relief to their cardholders. In this article,…
Many Americans are looking for side gigs from home right now. Sheltering in place is still a real thing for many Americans. With certain states seeing surges in Covid-19 cases, leaving the house is something people are not looking to do. But what about work? With so many people losing their jobs, household finances are taking a major hit. With that being said, the gig economy is now booming…
Money mistakes is something you want to avoid during an uncertain time like now. Unfortunately, during times of uncertainty, people will start to make poor financial decisions. Poor money decisions made now can really cost you financially down the line. Here are five money mistakes to avoid making during uncertain times like now. You stop making your bill payments Money is tight for so many people and without…
