Fruclassity – Laurie believes that while you’re “working toward serious money goals,” finding a “balance between spending and not spending” is difficult. Your personal life can also suddenly turn difficult. As an example, she cites how people who were once friends have now basically condemned them for getting into serious debt.
Laurie and her husband don’t care. They’re busy paying off their debt and finding a new “life balance.” And if you’re in the same situation, they’ve provided four tips that may help you find your inner happiness. Check out their advice and after you’re done, read this blog on reaching goals.
10! Ten Factorial Rocks – Mr. TFR examines two charts from a “well-researched American study” that he hopes will clarify your retirement prospects. The first chart reveals more than 50 percent of Americans have saved less than $25,000. It also reveals two other facts you should read about.
The second chart shows us the reasons why so many people aren’t saving enough for retirement. The first reason, and the largest contributing factor is, “Cost of living/day-to-day expenses.” For additional information, here’s a video providing basic advice on how much retirement savings you need.
Frugal Rules – Chaos can strike at any moment. And as John says, it also appears in many forms: “death, loss of a job, divorce, etc.” For John, chaos appeared when his father recently passed away. Even though his death wasn’t unexpected, the subsequent months were still filled with trauma. And the last thing John and his family wanted to worry about was money.
In this blog, he provides strategies that will help you avoid financial mistakes while you’re coping with chaos. The third strategy is: “Watch the urge to sooth with spending.” For many people, spending money makes them feel good. But that good feeling never lasts. Read on.
Money Talks News – Almost $1.3 trillion. That’s how much Americans owe on their student loans. And if you’re a student or recent graduate, you probably owe money, too. If that’s the case, Maryalene’s advice may help you reduce your debt.
She thoroughly goes through the government programs, such as deferment and income-based repayment plans, as well as your third-party payback options. If you choose a third party, check out Debt.com’s student loan solutions. This is a must read post.
Dough Roller – Aliyyah found a study that reveals “62% of Americans have less than $1,000 in savings.” With so little savings, Americans who fit into this category must decide if a financial situation is an emergency or just a regular expense.
Aliyyah lists “five ways people misuse their emergency” fund. She also provides three questions you should ask yourself before you spend the money. The first question is: “Is this expense unexpected?” If your hot water heater blows up, that’s unexpected. A last minute vacation is not unexpected. After you’re done reading, check out his post on emergency funds.