Warning Signs you May Have too Much Debt

Warning Signs of Debt

How much debt is too much? It can feel impossible to tell, especially since any debt can feel burdensome. But there are a few ways to tell that you have too much debt and that it’s time to do something about it.

Before you use a credit card or take out a loan, it’s important to determine if you can afford the payment. If it will put you over the edge, it’s too much. Here are some other ways to tell if you have too much debt.

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How Social Media Affects our Spending

Social Media Increases Debt

Social media is a way of life for most of us, but did you know it could affect your spending? You may not even realize the direct connection, but we’ll show you ways that you might be spending more than you intended all because of your Instagram or Facebook feeds.

Comparing Yourself

How often do you watch someone’s feed and think poorly of yourself? Maybe they have something you don’t, or you want to be just like them. What do you do?

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Pay Down your Debt and Put the Interest Money Toward Savings

It’s a common debate consumers face – do you pay down your debt or save money? You want to get rid of your debt, but you also need money saved for emergencies, so what do you do?

What if you could have the best of both worlds?

If you pay down your debt but continue ‘paying yourself’ the interest, you’ll get out of debt AND save money.

Here’s how!

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7 Ways to Avoid Overspending this Holiday Season

Holiday Budgeting

Tis the season to be giving, right? Christmas seems to be a time where people go well over their spending budget because they get caught up in the excitement of the holidays, and they want to give the very best. With the year we have had, it is difficult to imagine us not wanting to spoil everyone by spending a little more this Christmas season.

What if instead, you took a step back and decided to not overspend this holiday season?

Here are 7 great ways to make sure you don’t overspend.

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How to Give Every Dollar a Purpose

Budgeting Tips

Every dollar you bring in should have a purpose or a ‘job.’ This is the premise behind the zero-based budgeting model, and it works for millions. It helps you not only pay your bills on time, but also makes sure you save money every month, something many of us plan for the end of the month only to find that our money is gone.

So how do you give every dollar a purpose? Follow these steps.

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Time to ‘Return to Normal’ for Spending

If you’re like millions of others, you spent a lot less during the pandemic. The stay-at-home orders and the spread of the virus made it easier for us to spend less and save more. Sure, there was plenty of online spending, but much less spending on food and entertainment.

Now that we’re headed back to ‘normal’ what does it mean for our spending? How do you avoid the bad spending habits you had before the pandemic and keep your finances on track?

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Did you Spend too Much this Summer?

If you lost control of your finances this summer, you aren’t alone. After the year we had in 2020, many of us felt like letting loose and living life to its fullest. After all, the pandemic showed us just how short life can be.

But as you tally up your finances and get ready for the upcoming holidays, you might find that you spent too much this summer.

Now what?

You’ve taken the first step, admitting there’s a problem, and now it’s time for the solutions.

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Managing Your Summer Vacation and Debt

Summer is a time for fun and vacation, but bad habits can quickly put you into debt for temporary fun. If you’re trying to stay out of debt, there are plenty of ways to have summer fun while staying within your budget.

Have a Staycation

Becoming tourists in your hometown is one of the best ways to have the best of both worlds. You can have fun and save money. You don’t have to pay the high hotel costs or even need money to eat out. You have the comforts of your own home, yet can venture out and be ‘tourists’ in your area.

You can even keep it free by visiting national parks, hiking local trails, visiting museums on ‘free museum days,’ and using your library’s resources (many offer free passes to local attractions).

Stay with Friends

If you want to head out of town for a true vacation feel, travel to areas where you have friends and see if you can bunk at their place. If you don’t have friends who live out of town or at least where you want to visit, consider traveling with friends and splitting the cost of a rented house versus paying inflated hotel costs.

Look for Coupons before you Travel

You don’t have to be a resident to take advantage of local deals, and do your research before you go. Many tourist service centers have coupon books for travelers, but you can also look on Groupon or the area’s local chamber of commerce page.

Find out where the deals are, including Happy Hour, buy one get one free deals, or even free times to enter attractions (sometimes going to attractions a couple of hours before they close) are all great ways to save money.

Budget your Vacation

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