More Money, More Opportunities
More Money, More Opportunities
To start 2023 financially fresh, The Penny Hoarder suggests cutting out expenses by addressing credit card debt, homeowners insurance, and grocery costs. They recommend using AmOne to consolidate credit card debt with lower interest rates, SmartFinancial to compare homeowners insurance quotes and potentially save money, and Fetch Rewards to earn gift cards by scanning grocery receipts. These changes can lead to significant savings and a more manageable budget.
The article discusses “revenge spending,” a tendency to overspend after periods of restriction, like the COVID-19 pandemic. Fueled by a desire to make up for lost experiences, this can lead to financial trouble. The article advises readers to avoid impulsive purchases by implementing a “7-day pause,” becoming smart shoppers by seeking deals, finding cheaper alternatives for desired experiences, establishing no-spend days, and budgeting specifically for fun money. Ultimately, it encourages conscious spending and thoughtful financial decisions as
The Biden administration has forgiven up to $10,000 in student debt for borrowers earning under $125,000 annually (or $250,000 for households), with up to $20,000 for Pell Grant recipients. Interest rates and payments on federal student loans are frozen through December 31, 2022. The article advises borrowers to consider their individual circumstances – whether they have private loans, their remaining balance,
