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5 Tips for Saving Money When You Have Low Income

Most of us want to save money so we can build wealth and plan for the future. We have goals we want to reach (like traveling) or things we want to buy (like a dream home). However, this can seem impossible when you’re surviving on low income. According to CNN, 25 million American households are living paycheck to paycheck. When money is tight, saving any amount can be the last priority on your list. You’re just trying to get by. So how do you save more money when you’re making minimum wage? How...
Tags: Motivation, Saving Money, Marketing, Debt, Investing, Cnn, David, Frugality, Irs, Make Money, EITC, Better Yourself


LendingTree Study Finds Cincinnati, Milwaukee and Minneapolis are the Best Places to Pay Down Debt

Charlotte, NC – Jan. 14, 2019 (PRNewswire) LendingTree®, the nation’s leading online loan marketplace, today released its study on the best places to pay down debt. Americans’ debt balances continued climbing in 2018, with total consumer debt tracking to top $4 trillion by the end of that year. With balances climbing high, many borrowers will want to use the new year to prioritize paying off debt. LendingTree analysts wanted to find out whether some major U.S. cities afford their residents more...
Tags: Real Estate, News, Minneapolis, Milwaukee, Los Angeles, Debt, Austin, Radio, Ohio, Detroit, Lendingtree, Cincinnati, State, Charlotte NC, Riverside Calif, Real Estate News


How to Prevent Your Credit Card Issuer From Canceling Your Card

If you’ve had credit card debt in the past, or you have an older card you don’t really use anymore, you’ve probably read the advice that you shouldn’t actually cancel your card, rather keep it open to boost your credit score (more on how that works here). In theory, it’s a nice plan. But if you’re not actively using…Read more...
Tags: Personal Finance, Credit Cards, Money, Debt, Lifehacks, Credit Score


11 ways to be more self-sufficient in the new year

Self-sufficient living is all about providing for your own needs— and the needs of your household— without resources or help from the outside. To become more self-sufficient, you need knowledge and skills, plus motivation and a spirit of independence. The reasons for living a self-sufficient lifestyle can be political, social or personal, but whatever the motivation may be, learning how to become self-sufficient can offer a feeling of security, even in the event of a disaster. There isn’t a han...
Tags: Food, Garden, Gardening, Design, Cook, Food Storage, Debt, Features, Plastic, Sewing, Bright Ideas, Green Living, Natural Cleaners, Emergency Kit, Clean Eating, Natural Materials


How to Handle Multiple Automobile Loans at Once?

Debt consolidation plans, when used in the appropriate scenario, can make life and finance management much easier for you. Did you know that you can get all your cars refinanced and yet pay lower for their mortgage? That’ possible and can help you handle your business loans much smoother. Businesses and organization do buy vehicles for official/ business use Often it happens in many businesses and organizations that you have to invest in a lot of automobiles like cars, trucks, buses, two-wheel...
Tags: Business, Finance, Sales, Debt, Financial Planning, Loan, Automobile, EMI


Ask Your Student Loan Servicer to Ungroup Your Loans

One way to pay off your student loans faster is to, well, make extra payments. But rather than applying additional funds to interest payments only, you can request that they be applied to the principal balance. We’ve written about how to go about doing that here.Read more...
Tags: Personal Finance, Money, Debt, Student Loans, Lifehacks


Canada's housing market is slowly but surely imploding, and Canadians are more exposed that the US was in 2008

After 20 years of unprecedented lows, Canada's central bank is gradually raising rates; this, combined with strict rules on new loans, empty house taxes in overheated cities like Vancouver, and mandatory ownership disclosures (which keep money launderers out of the market) are depressing the Canadian housing market, and the prognosis is not good. Canada's economy is heavily dependent on construction (8% of the job market) and consumer spending, and both of these will fall as cheap capital e...
Tags: Post, News, Time, US, Toronto, Debt, Economics, Canada, Property, Vancouver, Calgary, Graeber, Urban Theory, Toronto Canada, CIBC, Mendes


Our top 10 economic forecasts for 2019

The global economy started 2018 with strong, synchronized growth. But as the year progressed, momentum faded and growth trends diverged. The US economy accelerated, thanks to fiscal stimulus enacted early in the year, while the economies of the Eurozone, the UK, Japan and China began to weaken. These divergent trends will persist in 2019. IHS Markit predicts global growth will edge down from 3.2% in 2018 to 3.1% in 2019, and keep decelerating over the next few years.One major risk in the coming ...
Tags: Asia, Europe, Japan, Politics, Money, Mexico, China, Angela Merkel, Russia, Global, US, Debt, Economics, Bank Of England, European Central Bank, Turkey


7 Resolutions to Help You Achieve Financial Freedom in the New Year

A new year, and a new chance to improve your financial situation. We have seven resolutions to help you achieve financial freedom in 2019. A t the end of every year and the beginning of another, we tent to reflect on our lives and look for ways we can improve upon it during the next 12 months. For many of us, January seems like a reboot–a way to look at our lives with renewed energy and focus. We all have different lifestyles, different income levels, and various financial goals. But nearly ev...
Tags: Personal Finance, Marketing, Debt, Financial Planning, Ira, Money Management, Experian, Cnbc, Joe, University of Scranton, HSA, Money and Life, Transunion Equifax, David Bach, Jesse Mecham, Complete Credit Review


In 2019, the Dam Will Break: Student Debt Predictions and Solutions

With the density of colleges and universities in the Boston area, we don’t often recognize how inaccessible higher education has become for the majority of the country. In fact, seven out of 10 college graduates today have outstanding student loans. And while many of us believe that education is a “must-have,” it’s alarming how structurally straining—in many cases prohibitive—the education system has become.In 2018, student debt hit a record high of $1.5 trillion, with no signs of abating. We en...
Tags: Startups, Education, Boston, Trends, Tech, Debt, Vc, Student Loan Debt, Edtech, Boston University, David Chang, Boston Xcon, Boulder/Denver Xcon, Detroit Xcon, National Xcon, New York Xcon


The #1 Reason We’re Still So Stressed Out

Americans are drowning in financial troubles. Credit card debt hit a record high this year at more than $1 trillion, according to the Federal Reserve. Student loan debt has jumped 150 percent over the span of just a decade. And not only are we drowning in debt, we’re also not saving, which further compounds the problem. About 1 in 4 Americans don’t even have a single dollar saved for an emergency. All of this takes a big toll on us, emotionally and physically. A survey by the Ameri...
Tags: Psychology, Money, Debt, Financial Planning, Financial, Jones, New Year's, Money And Financial, American Psychological Association, American Institute of CPAs, Careless spending, Federal Reserve Student, Social Science Medicine Overtime, Dickler


What Are Your Kids Gift Expectations?

I hear people complain that they have to buy expensive things for their kids because it’s what they (the kids) expect. Some don’t know what they are going to do this holiday season as times might be tight for them. How are we going to get little Johnny the latest (insert expensive popular toy here)?!? Here’s what I say – Don’t!! Where do your kids get their expectations from? Do they get them from friends? From television? Those are influences but not the real source. Children get their expectat...
Tags: Personal Finance, Holidays, Marketing, Debt, Gifts, Consumerism, Jones, Don, Johnny, Peter Anderson


Inside the funny accounting that lets the money-losing fracking industry claim to be profitable

Fracking is grossly unprofitable: the fracking industry is losing hundreds of millions of dollars, but it claims to be profitable and august publications like the Wall Street Journal and Reuters repeat these claims as though they were true. How can this be? Partly, it's by cherry-picking which fracking sites the industry analyzes: some sites are designated as "low break-even," able to be quickly profitable because of their favorable locations and other factors. The industry likes to average...
Tags: Post, Business, News, Climate, Debt, Scams, Fracking, Wall Street Journal, Reuters, Joshua Doubek, Hydrocarbonism, Pump And Dump, Justin Mikulka Desmog


Kansas judge tells government debt collectors they can't hound a broke 58-year-old woman until her 84th birthday

In 1991, Vicky Jo Metz borrowed $16,613 to pay for tuition; now she's 59, and has paid back 90% of that money -- and she still owes $67,277. Metz is broke and has filed for bankruptcy. But thanks to a law signed by Bill Clinton, it's almost impossible to discharge your student debt through bankruptcy. That's why the US government sent their most notorious knuckle-breaking debt-collectors, the Educational Credit Management Corporation to argue against Metz's debt being forgiven. ECMC had a ...
Tags: Post, News, Law, US, Debt, Bill Clinton, Kansas, Alan, Metz, Good News, Student Debt, Nugent, Murrays, Somers, ECMC, Richard Fossey


Dell Sets Return to Public Market With Shareholder OK of VMware Deal

Austin—Dell Technologies is on its way to becoming a public company again. Shareholders of a stock that’s linked to Dell subsidiary VMware approved a plan for Dell to buy out the stock, allowing it to return to the public market.Dell, based in Round Rock, TX, announced Tuesday that 61 percent of the shareholders of the so-called “tracking stock” voted in favor the deal. (About 89 percent of shareholders voted.) The stock, traded as DMVT, was issued when Dell acquired storage giant EMC in 2016 f...
Tags: Deals, Texas, Hardware, Server, Ipo, Cloud Computing, Trends, Debt, Hp, Bloomberg, Shares, Computer, Software, Austin, Michael Dell, M&a


Three Reasons to Love and Hate a 15-Year Mortgage

The following is a guest post from Stephen from The Fire Lane. Interest rates are rising. At the end of 2018, it is still a good time to refinance for many. Nobody can predict the future, however, it's easy to visualize 6%+ mortgage rates in a couple of years. If you are on the fence about a new home purchase, locking in a low rate now could save you thousands of dollars. Wherever you are in your home ownership journey, there may be a lesson in our recent home purchase and the decision that ...
Tags: Marketing, Debt, Stephen, NA


The Top 3 Pros and Cons to Using a Credit Card to Pay Off Debt

Some people use their credit card balance to pay off debts. This has many pros and cons. Through Loanable financial solutions, you may avoid using credit card balance to pay off debts. But we are going to review some of the pros and cons of using the credit card. We will also review alternative methods to pay off debts. Debt management is good as it helps you clear existing loans and helps you to avoid taking more debts in future. Knowing the various options you have towards clearing loans ...
Tags: Marketing, Debt


My strategy for giving away millions

What if we could create millions of dollars only to give it away? How many missionaries could be supported? How many evangelistic outreaches could be funded? How many God glorifying books could be published? How many hungry could be fed? How many lost could be reached? I believe there are lots of people who God wants to use as extravagant givers in this generation. People who will lay down their own agendas, change their pre-conceived notion of ”success,” and humbly obey what God has planned fo...
Tags: Corporate America, Religion, Debt, Giving, Jack, John D Rockefeller, Joshua, Joneses, No-thumb, Biblical Perspective on Money, Obedience, Luke 6:38


New York hospitals illegally billed rape survivors for their rape kits, then sent debt-collectors after them

New York State Attorney General Barbara Underwood has concluded that seven New York hospitals illegally billed rape survivors for their rape kits, at least 200 times, for sums ranging from $46 to $3,000, and then sent collections agents after survivors who could not pay. New York law requires hospitals to bill the state's Office of Victim Services for rape kits; in addition to ensuring that rape kits are available regardless of ability to pay, the rule clears an impediment to reporting rape...
Tags: Health, Post, New York, News, Debt, Arkansas, Alaska, Columbia University, Rape Culture, Graeber, James, Underwood, Eric Schneiderman, Letitia James, Richmond University Medical Center, Late Stage Capitalism


New York City's municipal debt collectors have forged an unholy alliance with sleazy subprime lenders

New York City's "marshal" service is a throwback to the Dutch colonial days; the 35 marshals are appointed by the mayor, draw no salary, and earn their livings by skimming a percentage off of the debts they collect, operating with impunity and reaching around the world. The most prolific and successful NY marhsal is Vadim Barbarovich, who earned $1.7 million last year, making him New York's best-paid municipal employee. Barbarovich grew his income to such untold heights by partnering with ...
Tags: Post, Corruption, New York, News, New York City, Debt, Queen, Graeber, Subprime, Wells Fargo Co, Soliz, Texas Panhandle, Zachary R Mider, Zeke Faux Bloomberg, Cash-advance, Vadim Barbarovich


Ford CEO frankly admits that the car of the future is a surveillance device that you pay to spy on you

The era of finance capitalism is marked by a curious shift in the desire of the business world: to get out of the business of making things people use, and into the business of getting money for owning, extracting and/or liquidating things. The thing is, this isn't a good strategy. Not only did the drive to build up financial institutions themselves precipitate the financial crisis (tanking Lehman Brothers in the process, and bringing the rest to the brink of extinction, forced to beg for g...
Tags: Post, Business, News, Debt, Automotive, Ford, Gm, Lehman Brothers, Jim Hackett, Hackett, Graber, Ford Credit, Surveillance Capitalism, Freakonomics Radio, Zuboff, Euthanize Rentiers


What would happen if America defaulted on its debt?

At the press time, the value was $21.7 trillion dollars.Lots of people know that a default would be bad, but not everybody seems to get how horrible it would be.While the risk is low, knowing what would happen if a default did occur is important information for all voters.The United States government has a lot of debt. I mean a ton of it. At the time of writing, the value was 21.7 trillion dollars and climbing. This comes out to roughly 66,000 dollars per citizen. While the debt to GDP ratio tod...
Tags: Japan, Politics, Congress, Government, Russia, US, America, Debt, Markets, Economics, United States, Capitalism, Social Security, Innovation, Treasury, Argentina


Mortgage Payment Hacks That Can Save You Big Money

Like a lot of people, I struggle with my mortgage payments. According to the Federal Housing Finance Agency, the average mortgage loan amount is about $313,000. The interest rate for most mortgages is just under 5%. The average monthly mortgage payment is anywhere from $900 to $1,500. Most people then have to add on a few hundred extra dollars for additional costs of living, utilities and other monthly housing expenses. Paying down a mortgage is not easy. No one pays for a mortgage in a vacuum ...
Tags: Home, Saving Money, Marketing, Debt, Federal Housing Finance Agency, Finances & Money


Make More by Reducing Debt

So you’d like to get a pay raise, but you are afraid to go ask your boss for a raise? How could reducing debt help that? This is a cornerstone of Financial Literacy. Here is a novel way to get more Net income, pay down debt! By reducing debt you have more disposable income. The arithmetic is simple, less debt payments (after you have paid down debt) means more money for you. This is the simplest of arithmetic problems, yet it seems to be missed by so many people that I feel it is important to e...
Tags: Marketing, Debt, Financial Literacy, Debts


"Sixteen Tons": the student debt edition

When I was a kid, we used to sing Merle Travis's Sixteen Tons in the car on long trips: it's a poetic masterpiece, capturing the clash between a worker's proud and indomitable spirit and his impossible, inescapable poverty trap (chances are you've heard Tennessee Ernie Ford or Johnny Cash perform it). The plight of the worker indebted to a company store analogizes regrettably well to the current student debt crisis: to get paid, you have to incur debt, but the debt is titrated so that it al...
Tags: Post, Copyfight, Music, News, Debt, Social Security, Graeber, Student Debt, Tennessee Ernie Ford, Merle Travis, Sallie Mae, Mark Hall, Steven Brust, Debt Slavery, Poverty Trap, Mark Hall Dreamcafe


Move to Maine and be debt free

Although 36 million tourists visit Maine each year, very few of them seem to want to stick around once the vacations are up and the state is having some difficulty getting young people to actually settle down there. That’s why it has devised the perfect incentive for young adults fresh out of school, who are looking for a place to get started: It’ll help you pay off your student debt. The Equal Opportunity Tax Credit program can be an extremely attractive prospect for out-of-state young profe...
Tags: Travel, Debt, Cnn, United States, Maine, Student Loans, Loans, Student Debt, All, University of Southern Maine, Wildes, Matthew Glatz, Nate Wildes


Average Debt by Age

Here's a list of average debt by age in the U.S.: Under 35: $67,400 35–44: $133,100 45–54: $134,600 55–64: $108,300 65–74: $66,000 75 and up: $34,500 It includes mortgages, student loans, etc. I'm thinking it's a lot better than I would have guessed. Maybe the average is lowered by a bunch of people on the low-end with zero debt? What do you think? [Author: NA]
Tags: Marketing, Debt, NA


Never was So Much Owed by So Many

“Never was so much owed by so many to so few“, –Winston Churchill True Heroes I paraphrase Churchill as a precursor to the latest data from Stats Canada about the National Balance Sheet. Remembrance Day is not far off, but allow me to borrow from Mr. Churchill a bit more. Unfortunately, the phrase is very much in context. The so few, is the banks, unfortunately. Stats Canada published their latest update of the National balance sheet and financial flow accounts, second quarter 2018, and as usu...
Tags: Marketing, Debt, Canada, Churchill, Debt Reduction, Debts


6 Crucial Life Choices for Early Retirement

At the end of this semester, I will be taking early retirement from my job as a college professor. I will have just turned 54 years old. How am I able to quit my job at such a young age? I actually started a retirement plan over 30 years ago. Despite some setbacks and detours, I was able to stick to that retirement plan. I am looking forward to reaping the rewards of my financial decisions soon. I have listed here the most significant financial decisions I made throughout my adult life that mo...
Tags: Career, Europe, Retirement, Marketing, Budgeting, Debt, Paris, Budget Travel, Kids and Money, Money Stories, My Kids College Education


Not Interested In A Lot Of Educational Debt? This Law School May Be For You

Dare I say, this actually seems like a reasonable amount of law school debt.
Tags: Law, Debt, Law Schools, Trivia Question of the Day