When you take out a car loan, you are agreeing to make all monthly payments on time through the terms listed on your contract. If you end up struggling to make your monthly payment and miss several payments, you could end up having your vehicle repossessed. Not only will you lose your car, truck or […]
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Scores of individuals and families in America are being forced out of homes they can’t afford. If you’re one of these unlucky individuals, you’ll likely need to find a rental after your foreclosure. And that means finding a landlord who won’t put too much weight on the fact that your former home was foreclosed. Remember
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You probably already know that it’s in your best interest not to ignore phone calls and correspondence from debt collectors, but what do you do when a bill collector continues to ignore you? If you’ve been trying to negotiate a debt or want to be considered for a new payment plan, you’ll need to make sure
What to Do When Bill Collectors Won’t Negotiate With You Read More »
As a Money Coach and a proponent of financial education, I’m always on the lookout for ways to inspire people to manage their finances well. One way to do that, I believe, is to share our personal stories of triumph over economic adversity. It’s encouraging for those who are struggling financially to realize that they
A Single Mother’s Ideas On How to Turn Spending into Saving Read More »
Let me also caution you, however, that there are several definite roadblocks to becoming a millionaire. Most are within your power to avoid. However, some are external factors and you’ll have to watch out for those pitfalls too. A few of the obstacles to achieving financial security are: Laziness Unfortunately, some people simply aren’t willing
Don’t Let These Things Stop You From Becoming A Millionaire Read More »
You can probably rattle off what your basic necessities are: they’re expenses like housing payments, food, transportation costs, and so forth. You may need to think a little longer, however, about the things that are important to you. For instance, let’s say education is important to you. Then you might choose to spend a portion
Creating a Millionaire in Training Budget Read More »
If you asked most financial planners and advisors about what goes into a budget, chances are they would tell you that a budget is broken down into certain categories. Some advisors suggest allocating everything into two camps: necessities and luxuries. Other advisors tell you to break your expenses down into fixed costs and variable costs.
Why Most Budgets Don’t Work Read More »
After you write out your goals, I urge you to share them with your spouse, or significant other, and have the person do the same thing. You may be surprised to see what some of your partner’s goals are. It’s helpful to do this because then you both have an idea about where each person
The Couple That Sets Financial Goals Together Stay Together Read More »
If one of your personal or financial goals is to get out of debt this year – or at least eliminate your debt as soon as possible – now is a great time to get started. Becoming debt-free takes work. But it doesn’t have to be an overwhelming chore. Simply following proven strategies below to
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Q: My husband and I purchased our home a little over 5 years ago. We were looking at refinancing since the rates are low now. We have run into a couple of problems. First, we have two mortgages on the house since they would not cover the full amount of the loan for just one
Refinancing Tips If You Are Under Water Read More »
Q: I’ve heard the term squatter’s rent used many times. Can you tell me what is the definition of squatter’s rent? A: Squatter’s rent is the money someone saves up by not paying their mortgage. In many states, it is taking one year or more for someone who is behind on their house payment to
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Let’s face it: most people hate being on a budget. Most people, that is, except millionaires. You see, millionaires not only create personal budgets, they also stick to those budgets religiously. To the millionaire, his or her budget is really a short-term spending plan. It’s a detailed outline of what they choose to spend their
Budget is NOT a 4-Letter Word Read More »
If “frugal fatigue” is kicking in — and you’re getting tired of pinching pennies and watching every dollar you spend — it’s time to re-energize yourself and make a fresh commitment to managing your money wisely. To make ends meet the past three years, Americans have been eating out less, curtailing shopping, making do with
How to Conquer Frugal Fatigue and Stick to a Proper Budget Read More »
If you’ve missed numerous payments on your Sallie Mae loan and the loan is now in default, you’ll need to take steps to bring your overdue loan current. You can contact Sallie Mae directly by calling 1-866-913-6089 to discuss your repayment options and try to set up a more affordable payment plan. Sallie Mae offers
What to Do If Your Sallie Mae Student Loan is in Default Read More »
By federal law, you are entitled to receive one free credit report annually from each of the three main credit bureaus: Experian, Equifax and TransUnion. If you want to know what your Experian PLUS Score is, you typically have to order your credit report directly from Experian. That will cost you money, because Experian does
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