Arrest Your Debt

Most people are young adults (or regular adults) when they finally pull their finances together, learn how to budget , and develop a debt repayment and savings plan. You likely struggled with debt for years before you learned the basics of money management — but wouldn’t it have been so much easier if you learned financial literacy when you were young? As a personal finance devotee, you likely want to impart the lessons of smart money management onto your offspring and save them the stress and struggle of debt in young adulthood. Here are a few ways to get started on financial education early in your child’s development. Set A Good Example A study from the University of Cambridge determined that most children develop   their lifelong money habits   before the age of seven years ! Your kids learn from you the moment they enter the world, so it is imperative that you demonstrate good behavior, even when it comes to financial matters. Whenever you spend money, pay taxes,...

I love absolutely love reading! I am a real bookworm.  And I continually search for the best ways to get free books online. Why? Because books can be pretty expensive! I have a Kindle, which I love. While there is something about reading physical books, a Kindle or an e-reader has so many perks that makes it such a great thing to own. There are so  many great author s to choose from these days; it can be hard to decide what to read. Imagine its late at night, and you want to  read a book , but you never made it to the library. With a kindle, you can get all the books you want on the spot without having to leave your house during business hours. Nor do you have to wait for a delivery from a bookstore.   It is also extremely light to if anyone has issues holding heavy books, this is a huge bonus. Kindles are also great if you don’t have a lot of space- instead of having to have stacks of books cluttering your home, you can have them all conveniently located in one s...

Gain financial freedom with these creative money-making side hustles.  With COVID-19 unemployment stimulus benefits running out and  jobless claims  plateauing, people are hungry for new ways to make extra money. Whether you’re unemployed or working part-time or full-time, it never hurts to explore the wide range of side hustles available out there. You can easily start a side hustle from the comfort of your home, and the best part is that side hustles can look good on your  resume . Even if you’re a busy person, you can work to achieve your financial goals with a passive income and these simple side hustles!  25 of the Best Side Hustles in 2020 Sell on Amazon  We are  big  fans of making money on Amazon. When everyone was quarantining this year, it became apparent that E-commerce is a vital and necessary aspect of our lives. So why not capitalize on it and open your e-commerce storefront? Anyone with a computer and initiat...

Buying a used car is the perfect way to set yourself up to be wealthy in the future. I know this is a powerful statement, but it’s true. Most of us love our vehicles and take pride in what we drive. The way our vehicle looks, the new car smell, the reliability of it – all of this comes into play when we decide what ride we want to use for transportation. However, new cars lose their value like a sinking ship. I’m sure you have heard the rumors of how much less a vehicle is worth after it rolls off the lot. To combat this loss of value, insurance companies offer additional insurance known as “ gap insurance ” to supplement our already high insurance rates. Speaking of insurance rates, check out Gabi Auto Insurance . I have been impressed with how cheap their rates are compared to mainstream companies. Buying A Used Car May Be Your Secret Weapon This post will give you everything you need to know about buying a used car. From how old is too old to which vehicles last the longest....

The sad fact is the average American is severely in debt. Our debt culture embraces debt and believes it is a necessary tool to live our lives. Our debt to income ratio is rarely scrutinized unless we apply for a mortgage. We go into debt when we get our first car , we use credit cards when we want to buy the things we don’t have the money for, and we believe we will be paying for our homes for the rest of our lives. We basically use debt to lead our everyday lives. Looking At Debt To Income Differently But what if I told you there was a different way to live – and still enjoy life? While still in our 30’s, my wife and I recently paid off our home and refuse to make other people rich at our expense. If you were to ask the average person how much debt they have, most are unable to tell you because it’s not something we like to acknowledge. Most people roughly know how much is left on their home and their car, but they pay more attention to how much their monthly payments are. The ...

My wife and I began thinking about the possibility of paying off our mortgage in 5 years after we heard of other people doing it. I know in my immediate family, no one managed to pay off their mortgage when they were young, but did that mean  we couldn’t do it? Was Paying Off Our Mortgage Actually Possible? When we first started thinking about it, we had a traditional 30-year mortgage, and the monthly mortgage payment was reasonable. We really had no trouble making the mortgage payment, but we certainly didn’t have a ton of extra money lying around. I was big into finance years ago, and I read about how much money you could save if you were to refinance your mortgage to a 15 year fixed rate. That would mean our mortgage would go up to possibly more than we would like to pay, but much more money would be going to principal rather than interest. Well, about five years ago we did just that. We refinanced to a 15-year fixed-rate mortgage and decided we would do everything in our p...