5 Personal Finance Habits for the New Year

Now that we are well into 2013, you may have broken all the resolutions that you drunkenly made on New Year’s Eve like checking Facebook less often, you can start concentrating on some of the more important changes to make in your life this year.

One of those should be to become more financially stable and financially independent.  This is not an easy task to accomplish, but don’t worry, we are here to help.

The key to financial awesomeness is good financial habits.  If you are in the habit of spending all of your money just as you get your paycheck, you won’t have any money left over which is no good.  But if you get into the habit of saving a chunk of each check, you’ll have some serious money in your savings account in a little while. Continue reading

Personal Finance for College Graduates

One of the most difficult financial times in your life is when you graduate college and begin living without your parents acting as a financial safety net.  Not only that, but you also probably have some good student debt racked up.

This isn’t an easy situation for anyone to deal with, but it is not impossible to get out of this situation as a grown up with less or even no debt.  It just takes a little bit of ingenuity, frugality, and foresight.

Your early twenties is an interesting time in your life where you want to do a million things but don’t necessarily have the money to fund all of them.  In fact, you probably don’t have the money to fund any of them, especially if you are still working on those. Continue reading

Choosing the Right Credit Card

Some people manage to go through life without a credit card.  I don’t know how they do it, (as I am not one of them) but they are to be commended.  But for the rest of us a credit card is quite often a necessary thing.  So, for those of us that require one, it makes good sense to know what to look for when applying for a new card.

Less than Perfect Credit
If you have less than perfect credit, you are going to be limited in your choices, and you are going to pay a higher rate of interest.  There’s no way around that.  But you do have some choices.  Do not choose the first credit card offer that heads to your e-mail or your mailbox.  Compare the rates of interest, the penalties for late payments and other such fine print. Continue reading