Medical debt is a growing problem in the United States. Compounding this growing issue is a trend of deceptive medical credit card practices, an issue we spoke about just two months ago. Now it has come to light that one of the largest medical credit card issuers, GE CareCredit, is on the hook for a $34 million refund to its customers. Below we’ll explain the details of this refund and highlight other important information about medical credit cards.
Often, the first reaction when we think about changing our budgets is something similar to this: “I can’t possibly cut anymore! I’m already spending the absolute minimum!”
I thought that, too, at one time. It wasn’t until I became brutally honest with myself and my spending that I realized how my spending habits were impacting my lifestyle and my long-term finances. I also realized that many of things I was spending money on weren’t as important to me as I assumed. They didn’t improve my quality of life, or increase my enjoyment.
Once I learned how to closely examine my spending, I discovered that I could cut the things I don’t enjoy from my life, and prioritize my spending so that I can do the things I want.
As you consider how you can reform your spending plan, here are 4 areas to focus on:
When you were a child, did your parents ever tell you that they work hard so you can have a better future and/or more opportunities than they did? Many children who grew up in the middle or lower economic class (myself included) were told this time and time again. However, a recent study shows that this American Dream of economic mobility could be on a serious decline. But you don’t have to let statistics hinder your ambitions. Here’s how to triumph over the numbers and achieve the dream in your own life.
There is a lot of credit advice out there on what it takes to build a good credit score. So how do you know what’s true and what’s false? Below are the myths on how NOT to build credit.
By now we all know that making only minimum payments on a credit card isn’t ideal. However, do you have a true sense of how much it can set you back? The FTC has recently released an article highlighting just how detrimental the “minimum payments only” strategy can be to your finances.
What a great month for the debt destroyers! Despite ups and downs, unexpected expenses, and holiday temptations, our league of super debt destroyers has been destroying debt left and right. From tightening spending to increasing income the motivation and focus on reaching financial goals is inspiring.
At ReadyForZero we strive to always be available and accountable to our users. That’s why we personally respond to every e-mail that’s sent to our support inbox and why we have our pictures on the About page. Now we’re sharing our stories here so you can get to know the fun and diverse people that are working hard everyday to make ReadyForZero better. We hope you enjoy these interviews – and don’t forget to share your thoughts in the comments below!
Time to meet Ben Wolfson, better known around the office as BenWo! He’s an expert developer here at ReadyForZero and works to resolve and improve the ReadyForZero product. With a quick wit and talent for solving the toughest problems, he knows just the questions to ask and actions to take in order to create the best experience for our users. He’s also quite the chef to boot.
Read on to learn more about Benwo!
We couldn’t ease into December without bringing up the (often) dreaded “Holiday Spending.” While Black Friday and Cyber Monday have been archived for the 2013 year, there’s still plenty of opportunity to spend this month.
Do you ever wonder how, when there are financial products and information thrown at us on a daily basis, we can still feel totally lost in terms of financial literacy? Well, the CFPB did. To find out why, they performed a study with The Boston Consulting Group that highlights the amount of spending on financial marketing compared to the amount spent on financial literacy. This is just another step that the CFPB is taking to pave a path to more educated and empowered consumers.
Read on to learn results of the study along with tips to help you navigate through the muck of financial marketing overload to obtain real knowledge.
In personal finance, a lot of attention is given to how you can save more money. But if you’ve pinched every penny and are looking for another way to boost your bank account you should also look at how you can increase your income. Even a monthly addition of $50 can make a big difference in your financial plan.
From small scale to large scale, we’ve compiled 30 different ways you can increase your income. In fact, several of these options could begin growing your income in as little as 30 days. It’s getting close to New Year’s after all and that resolution momentum might be just the thing you need.