This week we look at balance transfers, variable income, boosting your credit score and more.

1. Balance Transfers and Consolidation Loans: Yes or No?

The Frugal Farmer – Transferring your credit card balances to a card with a lower interest rate is smart – sometimes. The same goes with taking out a consolidation loan. You could end up paying off your debt more efficiently, and at a cheaper rate. Or you could go further into debt.

Laurie understands this, because she has “used these options and have had them lead to more debt and bigger financial trouble.” One reason she failed at paying off her credit card debt was, her mind was not in the right place. She kept charging, which is a huge mistake. Find out if you’re ready for either of these options.

2. How to Automate Your Savings with Variable Income

Mom and Dad Money – If your income fluctuates, you’ve probably already discovered that automating your savings is difficult. You simply never know how much money will be available for expenses and, as a result, for savings. Matt helps you solve this dilemma by providing seven savings steps.

The first step is consequential. It is: “Create a buffer.” This buffer acts like an emergency fund. When you don’t have enough money for “the basic necessities”, you use the “buffer money.” Check out his other great ideas. Afterwards, read this post on retirement savings.

3. 4 Ways to Improve Your Credit Score

Young Adult Money – There’s probably not another number that’s as important as your credit score. It impacts almost every facet of your financial life. If you have a low number, you might not qualify for a mortgage or other loan – you might not even get hired for a job.

But don’t worry, Catherine created some smart tips that will help you improve your score. One tip is “Use Less of the Credit You Have.” That means don’t max out your credit limits. Review her post, it’s excellent. You can also improve your score by reading this post: Five reasons why you might have a bad credit score.

4. Where to Start When Paying Off Debts

Sarah – When you’re deep in debt, just knowing what debt you should pay off first is daunting. As Sarah says, many people “have no clue where to start.” She also says, you must find a method that best suits your personal and financial needs.

Just because one method worked for someone else, doesn’t mean it will work for you. So she’s “going to help you figure out” what will work for you and your family. One thing she recommends is asking your creditors for a break. Believe or not, some creditor will work with you by lowering your interest rate and more.

5. Is Your Kid a Rebel? That Could Pay Off in the Long Term

Money Talks News – If you have a real rabble-rouser terrorizing your home and neighborhood, don’t lose hope. Krystal found a study that revealed “Your disagreeable, defiant child will most likely grow up to be richer than his or her rule-following peers.”

The researchers believe that children with a rebellious streak will fight harder for raises, promotions and other income-based issues. That doesn’t mean you should reward your tyrannical tyke for acting out. The experts say finding a balance between defiance and obedience is important. While you’re at it, don’t forget to teach them about money.

Meet the Author

Brian Bienkowski

Brian Bienkowski


Bienkowski is a contributing writer and is the face of's 'By the Numbers' videos.


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Article last modified on August 30, 2018 Published by, LLC . Mobile users may also access the AMP Version: Around the Web: Variable Income Savings - AMP.