Past Articles From the Money Motivations Personal Finance Series, Designed to Motivate You to Live Debt-Free!
When the unimaginable or the unbearable happens, and you lose a spouse, parent, child, or sibling, the last thing you want to deal with is collection agencies calling you to ask you to pay for your loved one’s debts. Unfortunately, many family members experience exactly this and aren’t sure what their legal responsibilities are or what their consumer rights are.
Read MoreIf you die without a surviving spouse, and if your will specifies certain assets (cash, property, etc.) should go to your child(ren), sibling(s), or parent(s), keep in mind that your estate will have to pay your debts and financial obligations throughout the probate process first.
Read MoreWhat should you do financially to get through the coronavirus COVID-19 pandemic? Regardless of the current or coming health effects of COVID-19 on you or your family, the pandemic has affected and will continue to affect household finances for months and possibly a year or more. Having a plan, prioritizing spending, and using resources efficiently will be key to your financial stability.
Read MoreFinancial freedom usually means having enough savings, financial investments, and cash on hand to afford the kind of life we desire for ourselves and our families. It means growing savings that enable us to retire or pursue the career we want without being driven by earning a set salary each year. Financial freedom means our money is working for us rather than the other way around.
Read MoreUsing the Fingerhut Advantage credit card can help consumers build their credit rating, but it comes at a high cost due to the high-interest rate and a high risk for falling into overspending on Fingerhut and other consumer goods, especially since Fingerhut targets those with poor credit.
Read MoreWhile many couples have planned for their big day, prepared for their honeymoon, and even put together projects for their future home life, too many have neglected to discuss and agree upon how they will set up and manage their household finances.
Money has become the number one topic of argument among couples in this country.
Read MoreThere is a growing amount of evidence that financial wellness programs offered in the workplace have the power to alter the trajectory of employee lives for the better.
Read MoreMoney Fit by DRS whole-heartedly supports financial literacy month while also encouraging our partners, citizens and clients to promote financial wellness year round.
Read MoreWhen visiting a grocery store, you must know ahead of time what you are looking for. Plan your trip after going through your pantry, fridge, and kitchen shelves. Delay your trip if you have enough to last the week. Avoid overstocking your pantry or fridge because it may lead to old products expiring before being used. That is the biggest waste of money on groceries.
Read MoreWhen household income decreases during periods of unemployment, plan your expenses for the month and consider how to prioritize them. As needed, reduce or eliminate your lowest priority spending, working your way up your priority list until your income covers all planned expenses.
Read MoreFacing the front side of a financial crisis can feel overwhelming. Keep up your hope, make some phone calls, send some emails, do some research, put in the required effort, and soon you’ll find yourself on the other side looking back, feeling stronger, wiser, and even more financially stable and secure than ever.
Read MoreLearn how to fix your bills and make managing finances easier. The more fixed your expenses are, the better. The more periodic your expenses are, the more financial crises you will likely experience.
Read MorePerhaps because I’m approaching my mid-50s, but many of the books I want to read in 2021 address preparing for some sort of post-employment life. I deliberately do not use the word, “retirement,” because it means so many different things to so many different people. To me, retirement still looks very busy, but a busy that I choose all day every day. Books I want to read this year will address financial freedom and how to build a life that allows you to go beyond 8-5.
Read MoreLet’s discuss the four rules you should consider following before even thinking about applying for a credit card or a store card. Following these rules will greatly improve your chance at successfully managing and building your personal credit portfolio.
Read MoreBankruptcy is not the end of the line and does not spell eternal financial doom for filers. Both our research and our experience with former bankruptcy filers show that recovery from bankruptcy comes in all shapes, sizes, and speeds.
Let’s take a look at what life may be like after filing for personal bankruptcy?
Read MoreOne main problem with most retirement budgets have involves their over-optimism and their reliance on rose-colored glasses! Budgets must account for the real-world spending dynamics we all live with, but they often miss these crucial “one off” items that aren’t always so “one off” after all.
Read MoreSince its launch a little over a year ago, Money Fit by DRS’s My Life My Choices – Student Edition has given nearly 5,000 students from more than 350 schools in all 50 states and Washington DC, 54 countries, and six continents the chance to learn the value of prioritizing their personal expenses through a hands-on, risk-free activity.
Read MoreWhether you love or hate Christmas shopping (or fall somewhere in between), there are ways to make your experience better. Saving money, time and energy can make just about any experience more enjoyable and less painful.
Read MoreDo you feel like you constantly lose track of your money? Even if you budget you regular bills, you may feel like you cannot keep track of where your money goes. Sometimes even the best-laid plans fail, especially when large, unexpected expenses occur.
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