The snowball method, founded by Dave Ramsey, a personal finance expert, is a common type of debt repayment method. It's a debt-reduction strategy where you prioritize your debt from paying the smallest balance first and work your way to your largest balance.
Creating a budget can often seem so complex. The more complicated it seems, the less you might be to make the effort. Unfortunately, you need a budget to help keep your spending in check and to ensure progress toward your short and long-term financial goals.
Spring cleaning your home is probably not new to you. You declutter the garage, clean windows, wipe down baseboards, clear out your basement, and more. But, what about your finances? It pays to spend some time spring cleaning your finances too. Below are seven ways to get your finances in order.
In this day and age, it’s very easy to fall into the category of ‘living beyond your means’. With everyone sharing their lives through social media, it’s simple to get caught in the trap of wanting more than you need. Combine this trend with the ease of spending money, especially online, and it’s the perfect formula for spending more than you can afford.
While some surprises are wonderful, not all are quite as welcome... and that includes unexpected expenses. Whether it's a car repair or a medical bill, a leaky roof or a lost job, emergency expenses can take anyone by surprise. Chances are high that you'll experience the stress of an emergency expense at some time in your life.
Saving money is hard, especially when the majority of Americans are living paycheck-to-paycheck. It's a sobering statistic considering most American households are labeled as middle class. Some families have dealt with an unexpected situation that has caused them to fall behind financially.
Before the pandemic, most employers shunned the idea of their staff working from home. Fast forward a year, and many employees are happy to find this arrangement may become more permanent. Working from home provides many perks, including a slew of financial benefits you should capitalize upon immediately.
The average American eats out around four to five times per week. Even if you're just eating fast food, that can add up quickly, and it makes it hard to stick to a budget. If you're trying to save money, it helps to avoid the restaurants, but that's easier said than done when you have a busy family.
Pets are family. They are amazing companions that bring joy into our lives. It doesn’t take them long to work their way into our hearts. However, pets can be expensive.
Did you know that a large portion of your creditworthiness is defined by your ability to make payments on time? If you take a look at your credit history from your credit report, you'll notice that each lender reports monthly if you made a payment, how much you owe now, and whether or not that payment was made on time.
