Home » personal finance » Page 7
March 17, 2024
By
The Admiral Staff
This article details a young woman’s journey to paying off nearly half of her student loan debt while earning $15 an hour. She emphasizes that budgeting is key to taking control of your finances. The process involves tracking spending, setting financial goals, analyzing expenses, building a budget (using tools like YNAB, spreadsheets, or pen and paper), assigning a purpose to every dollar, staying vigilant with spending, and being realistic with adjustments. The author stresses that budgeting isn’t rigid and encourages incorporating
March 13, 2024
By
The Admiral Staff
The article outlines two strategies for managing debt: debt consolidation and debt restructuring. **Debt consolidation** combines multiple debts into a single loan or credit card, potentially offering lower interest rates and a simplified repayment plan, but typically requires good credit. **Debt restructuring** involves negotiating directly with creditors for better terms (like lower interest or extended repayment), and is often pursued when struggling to make payments. The best option depends on individual circumstances – consolidation suits those with good credit seeking organization, while restructuring is helpful for those
March 6, 2024
By
The Admiral Staff
Many Americans are unaware of their credit utilization, available credit, and how their actions impact their credit scores. A recent survey found only 9% are aware they have multiple credit scores. The article explores this issue by interviewing people and using the Credit Sesame app to demonstrate how to find credit scores and personalized steps for improvement.
March 5, 2024
By
The Admiral Staff
Bill pay services automate bill payments via website or app, pulling funds from your account to pay bills on time. Options include Prism (free), Quicken Bill Manager (free or $9.95/month), MyCheckFree (free with potential fees), Doxo (free or $4.99/month), and SilverBills (from $50/month). Benefits include organization, time savings, and avoiding late fees, while drawbacks involve third-party access to accounts and potential overdraft
January 30, 2024
By
The Admiral Staff
This article highlights 25 popular personal finance books offering guidance on improving financial literacy and achieving financial success. Recommendations range from classic titles like “The Total Money Makeover” and “Rich Dad Poor Dad” to newer options like “Financial Feminist” and “Get Good With Money.” Topics covered include debt payoff, investing, budgeting, wealth building, navigating financial crises, and understanding the psychology of money. The article also suggests resources like podcasts and browser extensions for further financial assistance.
