Tag: credit

Emergency Funds

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Saving money can be really difficult for some people, but it’s something you must do so that you can stay in good standing financially. Bad things can happen to good people and sometimes those things can cost you a lot of money. That’s why everyone should have an emergency fund. An emergency fund is a stash of money set aside to cover the financial surprises life throws your way.

Here are some of the top emergencies people face:

  • Job loss.
  • Medical or dental emergency.
  • Unexpected home repairs.
  • Car troubles.
  • Unplanned travel expenses.
  • Legal issues.
2 major benefits of having emergency money.
  • It helps keep your stress level down.

It’s no surprise that when life presents an emergency, it threatens your financial well-being and causes stress. If you’re living without a safety net, you’re living on the “financial” edge—hoping to get by without running into a crisis. Being prepared with an emergency fund gives you confidence that you can tackle any of life’s unexpected events without adding money worries to your list. Continue reading →

2015 Recap/2016 Resolutions

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2015 has been such a good year for me.

I started the year off working a three-month long temp job assignment, I was in a long distance relationship with my then-boyfriend, and I was living at my parents’ house. By MARCH, my temp job had turned into a full-time permanent position with the company. My boyfriend who came down South to visit for Valentine’s Day ended up never going back to his hometown in New Jersey. In MAY, we signed a lease for our own apartment and we moved into our first place together in JULY. In AUGUST, I went to Las Vegas with my girls for the first time. Shortly after, I started cooking the recipes that I saw on Pinterest and playing fantasy football with my boyfriend and his friends (my record was 10-3). In SEPTEMBER, I went to Washington DC for the first time (I know, I should’ve been there years ago) for a family reunion. My “boyfriend” became my fiancé in NOVEMBER. And now here we are at the very end of DECEMBER where I just had an amazing Christmas with my soon-to-be in-laws.

It may be hard to do, but I believe 2016 will top the amazing year I’ve had in 2015.

These are the things I am claiming for my 2016:
– Get back in the gym! I really slacked off on my workouts in 2015, but I’m trying to be in the best shape of my life in 2016.
– Build up my emergency fund. I have a good cushion in there right now, but you can never be too cautious.
– Get MARRIED! Or at least set a date and know the details of my nuptials.
– Have a 750+ credit score. I’m already in the 700 club, but there’s always room to improve.
– Get on a good schedule with my blog posts. This is another area that’s been neglected in 2015. I really like blogging, so I have to do better.

Student Loans

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Student loans have been the source of stress for many college graduates. Today the average amount of student loan debt that college graduates have is around $30,000. I can vouch for that because that’s about how much debt I graduated with. Fortunately, I’m not struggling to pay back my student loans at this point but I do sympathize with those who are struggling and I agree with many people that some type of reform needs to take place.

WHY STUDENT LOANS SUCK

The main reason why student loans suck so bad is because they will never go away. There’s literally no way to get out of paying them back. Now I don’t believe that people shouldn’t pay back their debts because I’m clearly paying mine, but I’m also not so naive that I think things will be as easy for others as they have been for me. And it’s more so the idea that you have no way out that’s so daunting. It also sucks to be in your early twenties and thousands of dollars in debt. Especially when you took on said debt to make a better life for yourself. It’s the irony of it all that makes the situation so screwed up for a lot of people. Continue reading →