Banks vs. credit unions, student debt, savings strategies, stress reducers and more.

1. Banks Vs. Credit Unions: 5 Key Differences You Totally Need to Know About

The Penny Hoarder — Not many people understand the difference between banks and credit unions. In fact, I don’t think enough people investigate credit unions when they’re looking for a place to put their money. Lisa thinks that’s a mistake, too. She says credit unions “are a terrific alternative to traditional banks.” I agree.

The third difference attracts many customers: “Credit unions have a neighborhood feel.” Banks are usually nationwide institutions while credit unions serve a more local area or region. As a result, banks usually offer additional products, but credit unions generally have lower rates and fees. Read her post and you make the choice.

2. 10 Great Ways to Minimize Your Student Debt

Frugal Rules — We all know about the student loan debt situation. If you don’t, then lucky you — I guess. Kayla says a college degree “can lead to a rewarding and well-paid career upon graduation.” Maybe. But it also leaves many younger and older people in serious debt. But there are ways to lessen the burden in advance.

For example, she says “study online.” This method offers more “flexibility,” which helps if you work days or nights. But make sure you investigate the college thoroughly. She says lowering your food bill also helps. Stop buying pizza and start eating at home or in the dorm. Preparing dorm meals gets tricky, but a microwave helps.

3. 5 Best Money-Saving Strategies Proven to Work For Anyone

Money Crashers — We’ve unveiled dozens of money-saving strategies over the years. But now Amy found a poll that highlights the ones that really work for people. She lists them “with some advice on how to make them work for you too.”

I like the fifth one, but don’t practice it enough: “Live like a minimalist.” She says this lifestyle usually “means a smaller house, fewer clothes, and fewer ‘toys’ like fancy electronics.” Minimalists pair down their belongings and declutter their lives. Many believe their experiences make up their lives, not the things they own. Check out her post.

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4. 5 Easy Ways to Save on Your Cell Phone Bill

Money Talks News — Christine says you’ll spend less on your cell phone bill if you “only pay for what you use. For example, as far as data: “pay only for the data you use.” Makes sense. If you don’t know how much you use look at your monthly bill or download a data tracker.

The fourth way makes complete sense too: “Ditch international rates and try free networking apps instead.” She says speak to friends and family across the world via Skype and WhatsApp. Check your cell phone bill this month before it becomes too expensive. If you stop paying it, it could ruin your credit.

5. 8 Low-Cost Ways to Reduce Stress 

The Dollar Stretcher — Stress impacts us all. And financial stress is especially brutal. But relieving stress shouldn’t cost you money. And with Veronica’s eight cheap ways, we can eliminate, or at the very least, reduce stress without busting our budget.

I love the fifth one about laughing. She actually quotes the English Romantic poet Lord Byron: “Always laugh when you can; it is cheap medicine.” No doubt. I’m a firm believer in the eighth one, too: exercising. Do a mixture of cardio and weights or take a long walk. Just exert yourself. It seriously helps.

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Article last modified on May 23, 2017. Published by Debt.com, LLC .