Budget Blog

Debt Consolidation 101: Everything You Need to Know

October 16, 2019 By Ryan Luke @ Arrest Your Debt

If you have many different debts with different interest rates, payoff schedules, and balances, it may sound like a good idea to sign up for debt consolidation. Debt consolidation can seem appealing with the promise of a significantly lower monthly payment and a reduced interest rate.

For some people, debt consolidation may be a reasonable solution. For others, they will be making the debt consolidation company rich.

The truth is, debt consolidation salesmen will tell you whatever you want to hear to get your business. Don’t fall for any of the gimmicks or false promises. Before you sign on the dotted line, learn the truth about debt consolidation to find out if this strategy is right for your situation.

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How to Take Control of Your Finances (and Stop Begging for Money)

October 9, 2019 By Melissa Blevins from Perfection Hangover

Has begging for money become the new norm? It seems that the internet has become an easy way for people to become online panhandlers. I’ve shared many ways to make extra money from home, online, and even creative side hustle ideas (i.e. “Dave jobs” for all of you Dave Ramsey fans).

From CyberBeg to BeggingMoney, there’s no shortage of sites available to ask strangers for financial help.

But at some point, you have to get your personal finance s together and take responsibility for your own successes and failures.

Here are four ways to get it done.

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How to Easily Lower Student Loan Interest

September 1, 2019 By Nate from Lendedu

If you’re a current or former college student, or anything like me, chances are high that you have debt. I’m sure that you would also love to lower the student loan interest on that debt. Who wouldn’t?

With student loan debt statistics for 2019 revealing that 45 million student loan borrowers owe a whopping $1.52 trillion, it’s not a surprise that educational debt is a pressing economic and political concern. This is an issue I know personally, having graduated in 2016 with over $55,000 in student loan debt.

Unfortunately, one factor that has contributed to ballooning student loan debt is that it’s difficult and expensive to pay down student loans because of interest.

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10 Super Easy Ways to Earn Extra Money

August 22, 2019 By Adebayo Fasanya @ Dr Breathe Easy Finance

What would you do with if you could earn a little extra money?

Save it? Invest it? Spend it all?!

Obviously, my bias would be to save and lazily invest any new found cash – setting your future self up for financial success.

But, first things first, let’s learn how to put yourself in a position to have to decide! Check out the 10 super easy ways to earn extra money below.

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The Ultimate Guide to Wedding Planning on a Budget

August 18, 2019 By Jessica @ The Budget Savvy Bride

Budgeting is important with every aspect of your life, but it is arguably most important when it comes to wedding planning.

I often say the best places to look to save money on reoccurring expenses are housing, transportation, and food. That’s because they are usually where you spend the most money, so you have the most room to make meaningful savings.

When it comes to one-time expenses, weddings make the top of the list. The average wedding in the United States costs over $35,000 (2016 data from The Knot)! Yes, an average wedding cost more than most new cars!

You know what $35,000 would be if invested for 40 years (with a 7% annual growth rate)?

I do*.

$489,819!

That is why there is a huge opportunity to efficiently plan your wedding on a budget. And with all your new found savings, you can go invest it and watch it grow over time!

*ha. Get it? Weddings… Anyway, read below to get some awesome wedding planning tips.

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