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5 Things to Start Doing When You’re Newly Retired

If you’re newly retired, you might be wondering if you’re on the right track for a happy and stress-free retirement. The first 6-12 months can be challenging because it’s a new lifestyle. You probably spent a lot of time planning in the years leading up to this life event, but is it going as well as you’d planned? Here’s a list of five essentials you’ll want to make sure you have covered if you’re newly retired:   1. Prepare Yourself Mentally One thing is certain: You have a ton of time now. It’s a hard transition from working full-time to doing little or nothing. In the past, you spent most days tending to your job and family. But now that the kids have grown, and you’re jobless, you probably feel like you have too much time on your hands. It’s time to focus on yourself. Now is the perfect time…

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How to Avoid Student Loan Debt

Student loans are a way of life for college students in America.  In 2014, the In 2014, there was approximately $1.3 trillion of outstanding student loan debt in the U.S. that affected 44 million borrowers who had an average outstanding loan balance of $37,172.  If you have any hope of financing a car, getting a decent credit card, or even renting an apartment after college – you need to graduate college with as little student loan debt as possible.  Here’s how! Save your money as early on as possible By saving your cash before and during college, you can help to repay those loans much more quickly once they become due. Get a part time job, have a yard sale, or begin a savings account so that you will have extra money to pay off the loans and payments that will quickly accumulate.  All parents reading this should be advised:…

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5 Tips on Budgeting with a Family

One of the smartest things you can do when you have a family is budget your money. Finances are often a major cause of stress within marriage for 35% of couples according to Sun Trust Bank. Sure, when money is tight, it can be a massive struggle. But if you and your family plan your finances, you could resolve issues before they even materialize! When you plan your expenses, you can gain better control over your finances. Then maybe daily life with kids won’t be as chaotic. You can plan for things like family vacations and purchasing a larger car. If you need help on planning your family’s money, keep reading. Here are five tips on budgeting with a family: Communicate. Every good marriage begins with communication, and this is especially true when it comes to finances. Do you ever feel like your significant other doesn’t understand your purchases? You’re…

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Mobile Apps to Download and Make Money

So normally I would be predisposed to write about financial advice, but I did mention before that I want to talk about adventure. If you are going to go on an adventure, then you need money. Luckily for me and Big Doug, we retired, so we don’t really have a need to make money now. So this is for you young folks! If I remember correctly, one of the things holding me back from my adventures in the past was a lack of funds. That was frustrating, but things sure have changed today! There are a ton of new ways to make money, and they’re sitting in your pocket. Just about everyone has a smart phone today, and with smart phones, there are countless apps to download. Did you know there are tons of downloadable apps that can make you money? Spoiler alert! I just found out about this, so…

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How Do Secured Credit Cards Work?

Credit cards are heavily incorporated into our consumer-driven world. If you have a credit card, then you must know the deal by now. Pay for stuff with the card, and then pay the card balance off hopefully before interest can accrue. It’s a decent system. I sometimes like to look at like a mini loan here and there as you spend with the card, only to be repaid later. While there are thousands of credit cards out there, plenty of consumers cannot get a credit card. Why exactly? Well, they don’t have good credit! What this means is that their history with debt is not exemplary, so they end up having trouble qualifying for a credit card since they are viewed as a high risk consumer. That is where secured credit cards come in. They offer a way for high risk consumers to lower their risk and build good credit….

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How to Pay Off Student Loans Fast

Hey All! I’ve been hearing a whole lot about student loans recently. It’s apparently a pretty big topic and point of contention, especially for Millennials. From my research, I gathered a couple of key points about student loans that I would like to throw at you. First, tons of people in college are taking out student loans; in fact, millions of people are taking out loans! The cost of college is huge, and it has grown considerably over the past few decades. Finally, people are struggling to pay them off whether it is through sheer ignorance or unfortunate financial inability through lack of income or a job in the first place. Well, there are a few decent things to take from all this. For starters, student debt is just debt, and that is certainly not new. In fact, virtually everyone has debt in some way or another whether it is…

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Why You Should Consider a Low Balance Transfer Credit Card

A balance transfer can be a great move to put you ahead on your credit card repayments. Whether you’re drowning in debt or just a little bit behind, a balance transfer credit card can be just what you need to take back control. Companies set these up to try and lure you across from their competitors, and if used wisely, they can get you better rates and better service whilst consolidating your debt. Use caution because there can be high penalties if you miss a payment, so tread carefully. How Low Balance Transfer Cards Work Credit card interest rates vary anywhere from 10 to 20 percent per annum (often referred to as APR), sometimes more. With a balance transfer card, you can lock in a rate of 0 percent APR for up to two years if you’re lucky. Most providers will charge a balance transfer fee of 2 to 3…