I love the summer and getting extra time off, but there always seems to be something that gets overlooked. We all know Summer is coming but we allow procrastination to get the better of us. While not bad, per se, it can hinder us in the long run.
The Summer time is when your expenses can skyrocket out of nowhere. Vacations, BBQs, and outdoor activities can consumer a lot of your disposable income. Getting ahead of your finances and taking pro-active steps can help you prepare for what’s ahead. Here are some last minute things to tackle before the start of summer.
Identity thieves will do whatever it takes to swindle you out of your hard earned cash. But it doesn’t always stop there as credit cards are also a viable option.
In the past few years, we’ve watched as several big-box retailers, including Target and Home Depot, scrambled to make amends with customers who were affected by breaches to their payment processing systems.
Those stories were plastered all over the news, but we don’t see nearly as much coverage of the isolated incidents that cost consumers millions of dollars and sabotage their credit each day.
Let’s take a closer look at some common credit card scams:
Money is a complicated matter. There are best practices for handling it, earning it, and for making it grow. The amount of information available on the subject is staggering and certainly overwhelming for most.
With countless resources and money experts, why do so many of us have so much trouble soaking in this knowledge and applying it to our lives? Why do we know all the “shoulds” but we rarely translate them into what we actually do?
When boiled down to the simplest terms, money is simply a form of currency. But if that’s all it was – a physical means of paying for goods and services – we likely wouldn’t have so much trouble with it. Instead, it has come to represent our worth, our level of success and how we’re perceived as others.
Most of us know that some sort of career is necessary. I’m a freelance writer, so my “job” isn’t traditional, but I still have to think about my career overall and make strategic decisions if I want to maintain the earning power that provides me with a place to live and my son food to eat.
If you aren’t entirely satisfied with your career, and you hope to take it to the next level, whether that’s getting a raise, a promotion, or switching to a new job altogether, you need to take the steps that will get you where you want to be.
This past weekend I attended my niece’s 7th birthday party at a local skating rink. Aside from the overflow of kids from at least four other birthday parties, I noticed something else that wasn’t in short supply: gifts. By the end of the frenzied throwing of tissue paper and ripping of wrapping paper, it was clear there were too many gifts for one child to give the proper amount of attention to.
Already knowing how long my niece’s attention span is when it comes to toys and other easy-to-grow-out-of playthings, I opted to buy her something she couldn’t just toss aside: stocks and a lesson in investing.
Planning to move in with your significant other or tie the knot in the near future? There are many exciting discussions to be had, but money matters may not be one of them. In fact, it’s the dreaded topic many couples prefer to stay away from. But doing so can have serious implications for your finances and your credit.
Let’s take a closer look at how your significant other can send your credit to the trenches:
Paying off debt impacts you in many ways – both positive and negative emotions arise during your debt payoff journey. I remember when I was paying off debt I felt both shame and pride, frustration and gratitude, and a host of other emotions, including a lack of freedom. Those all tied back to seeing who was responsible for the situation. It was my actions that led to the debt and it would be my actions that got me out of it.
The credit cards didn’t forcibly remove themselves from my wallet to spend money. I willingly took out the student loans. However, I worked hard and clawed my way out of debt. After becoming debt free, I found myself at a crossroads. I knew I needed to rebuild my credit, as it was in shambles though I had few options. In the end, I turned to a secured credit card to help rebuild my credit.
Looking for ways to rebuild your subpar credit? You may be advised to obtain a secured credit card from a major issuer. To open a secured credit card, you’ll need to make a cash deposit to serve as collateral. This amount usually determines your available credit.
Sounds simple, but what happens if you’re not approved? Do you throw in the towel or seek other alternatives?
For starters, don’t give up. Receiving a notice of denial from a single credit card issuer doesn’t necessarily mean you won’t have success elsewhere.
Credit card debt is easy to get into and difficult to get out of.
Prior to heading off to college, my mother told me that credit cards could be my best friend or worst enemy. She continued by saying that keeping the balances low and making timely payments was the sound thing to do.
Unfortunately, I ignored the warnings and found myself in more credit card debt than I wish to admit only a few years later. Even worse, I figured that only paying what was required each month couldn’t possibly do any harm.
Did you start off 2015 with high hopes of making significant life changes only to end the year with guilt that nothing actually materialized?
You aren’t alone.
The number of Americans that set out each year with resolutions in hand is high – varying reports place the number at somewhere between 40-50% — but the number of people that are still sticking to their resolution past the first rough patch are much smaller. Forty-six percent say they were able to hold strong for at least six months, but a whopping 25% weren’t able to make it past the first week.
Yes, that’s right – the first week.