by on Aug 31 2015 - 0 Comments

There are many financial myths perpetuated by people with good intentions who are sadly misinformed. Don't let these 7 financial myths ruin your finances!This post is by our regular contributor, Erin.

How many of you want to scream “Nooo!” when you overhear someone stating a popular financial myth as fact?

I know I do.

In fact, I was a victim of believing one of the more popular ones, thanks to my parents (oops!).

Most people have good intentions when it comes to spreading financial myths; they simply don’t know any better.

Unfortunately, that’s why it’s so important to speak out against them, especially as some myths can be rather disastrous for your finances.

Here’s a list of 7 common financial myths.

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by on Aug 28 2015 - 0 Comments

Careers that Offer Student Loan ForgivenessThis post is from our regular contributor, Kristi.

Please note: This post presents only a general summary of information regarding student loan forgiveness opportunities. It does not presume to be authoritative or complete, as student loan information changes periodically.

Not having enough savings for college, combined with skyrocketing tuition costs means that college students are looking at an average of $30,000 in debt by the time they receive their degree. As reported by CNN Money 40 million Americans and counting are saddled with student loan debt.

Those high costs of tuition can have a negative effect on certain job markets. No one wants to graduate college with $30,000 in debt only to take a $30,000 a year job in low paying or high risk public service job. In order to fill these necessary community roles, federal student loan forgiveness opportunities have emerged as a way to entice new workers into less than appealing job markets.

Most student loan programs require a minimum period of employment in exchange for debt repayment, cancellation, or forgiveness. Exchanging two or three years of employment for a less than stellar job opportunity may be the answer to your student loan debt repayment problems. Keep in mind that you will not be eligible for any of the below student forgiveness programs if you aren’t current on your payments or if your loans are in default.

That being said, here is a list of careers and their programs that offer student loan forgiveness opportunities.

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by on Aug 26 2015 - 0 Comments

10 Ways to Tighten Your Grocery Budget without Clipping Coupons

This post is by our regular contributor, Kristi.

I have a confession to make that will probably make other frugal shoppers cringe…are you ready?

I hate clipping coupons. Seriously. I loathe, detest, and abominate coupons.

For some people, coupons are a great way to expand their grocery budget. For me though, they’re a never-ending source of shopping regret. Whenever I attempt to be one of those savvy TLC-worthy extreme couponers, I fail miserably. I don’t understand how to double coupons in-store, how to use them to get things 100% free, and I don’t have a knack for coupon binder organization.

Honestly, for me, coupons are not worth the time. Any time I do manage to get my act together and sit down to clip or print out coupons, I inevitably forget to actually bring them to the store or fail to use them before the darn things expire. They always get crumpled in my purse, pockets, or lost to the black abyss of the diaper bag, never to be seen again…that is until 5 minutes after I just bought the item for full price. If I had a dollar for every un-used coupon that could have saved me a dollar, I could probably be in retirement by now.

Just like I have given up on my child-hood dream of being a ballerina, I have embraced the fact that I will never be an extreme-couponer. If you too hate cutting coupons (and even if you don’t) use these 10 alternative ways to tighten your grocery budget and cut your food spending costs every month.

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by on Aug 24 2015 - 0 Comments

Many of us learn financial lessons from our parents as they set a huge example for us while growing up. We see what worked or didn't work. Learn 6 lessons here!This post is from our regular contributor, Erin.

I’m sure many of you have learned, one way or another, how to manage your money based on the example set by your parents. What we grow up with tends to stick with us.

My parents were a mix of good and bad when it came to money management. While they’re frugal, they were kind of forced into it, as they’ve spent most of their lives in debt.

I was able to learn a few lessons on what not to do the “easy” way (from the sidelines), and I’ve always been grateful for that. I can’t imagine what my financial situation would look like now had I not learned these difficult lessons from them early on.

I enjoy passing on the financial lessons I’ve learned from my parents just in case anyone else can benefit, so here are six of them!

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by on Aug 21 2015 - 0 Comments

How a Cash Budget Can Stop Bad Spending Habits This post is by our regular contributor, Kristi.

I doubt that anyone enters into adulthood planning on being irresponsible with or having trouble budgeting their money. It’s easy to fall into bad spending habits like overusing your credit cards though.

I would know. I’m still working on paying off a substantial credit card balance from a pretty financially unsteady time in my life. I learned from my mistakes though, and I am trying my hardest to get rid of bad spending habits. The past two years have been a huge turn around for me and my family as we work towards achieving financial security again.

Are you living within your means? Do you have harmful spending habits? Do you overuse your credit cards? If you answered yes to any of these questions, then you might want to consider living with a cash budget to unlearn bad spending habits.

Bad spending habits are typically formed over a lifetime and not easily forgotten. If your bill payments are late and you’re wondering where on earth your paycheck went to, you might have some bad spending habits that you need to address. If you want to get rid of those bad spending habits, you need to make a plan.
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