When trying to save money and sticking to a budget are your top priorities, it can be difficult when you’re single. While living alone brings more independence, a big disadvantage is that there’s no one to share the bills with. It’s up to you and you alone when those bills are due. Being single or […]
Continue ReadingAuthor: Lauralynn
Lauralynn is the Online Marketing Specialist for AdvantageCCS. She is married and has two young daughters. She enjoys writing, reading, hiking, cooking, video games, sewing, and gardening. Lauralynn has a degree in Multimedia Technologies from Pittsburgh Technical College.
Debt Snowball Method Versus Debt Avalanche Method
There is so much debate on this issue in the financial world. Some experts say to pay off the smaller balances first to get instant gratification. While others say, it’s better to pay off the high-interest rate cards first regardless of the balances. The first method (smaller balances) is called the “Debt Snowball Method.” The […]
Continue ReadingSave More Money Because Rainy Days Are Here Thanks To Inflation
A growing number of studies show that American consumers have responded to protracted inflation by cutting back on savings and investing. If you want a recipe to make a bad inflation problem worse, that’s probably it. Inflation is a silent thief that robs people of their purchasing power over time. As inflation rates continue to […]
Continue ReadingWhat Is A Housing Counseling Session And How Can It Help You?
One of the major decisions to make in your life is the choice of housing. Should you rent or buy? This is a long-term commitment, and it comes with lots of responsibilities. You must avoid making costly mistakes on matters that are concerned with housing, and you must be keen to realize optimal outcomes. This […]
Continue ReadingSeveral Different Ways To Deal With Senior Debt
Senior debt is debt that elderly individuals accumulate as they age, such as medical bills, credit card debt, mortgage payments, and other costs that may become overwhelming with limited income or unexpected expenses. Senior debt refers to any amount accumulated by seniors (aged 60 or above) that they cannot repay due to fixed income or […]
Continue ReadingCan Student Loan Forgiveness Remove That Debt From Credit Reports?
Many students take up loans to finance their education; sometimes, these student loans are forgiven. Nevertheless, what is their implication on your credit report? Many forms of student loan forgiveness programs, such as PSLF, Teacher loan forgiveness, and President Biden’s loan forgiveness program, have touched the media too much recently. President Biden’s plan of student […]
Continue ReadingWhy Is It Important To Have A Savings Account?
Having a savings account is essential for one’s financial well-being. It helps individuals prepare for emergencies and reach long-term goals. Regularly putting money into an investment account is important to creating financial security. Many people make the mistake of waiting until a certain age or life stage to begin saving, but establishing a savings account […]
Continue ReadingHow Many Points Does Your Credit Score Drop If You’re Late On A Payment?
A credit score is a numerical rating that represents a person’s creditworthiness. It measures how likely someone is to repay their debts on time based on their credit history. Credit scores are typically calculated using a mathematical formula that considers various factors, including payment history, the amount of debt owed, length of credit history, types […]
Continue ReadingIs Your Emergency Savings Gone And Credit Card Debt Increasing?
Inflation continues to rise, and interest rates are still increasing, so many people are also seeing their savings dwindle and disappear. All of this will undoubtedly lead to their credit card debt increasing as well. Nobody ever wants to be in a position where his or her emergency savings are gone, and their credit card […]
Continue ReadingHow To Get The Perfect Balance Between Overspending And Over-budgeting
Achieving financial balance is a constant struggle for many people, and it often comes down to striking the perfect balance between overspending and over-budgeting. Overspending can lead to financial instability, debt, and stress, while over-budgeting can lead to unnecessary sacrifices and limitations on enjoyment and quality of life. Therefore, finding the sweet spot between spending […]
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