For some of you, children might be the furthest thing from your mind right now (says the girl who’s drinking a Bloody Mary as she’s writing this), but if you’re entering your late-20s/early 30s, they seem to be everywhere. One minute you’re pounding tacos at 2am after a night at the bars and the next you’re going to bed at 10pm to be prepared for a farm-themed 1st birthday party the next morning. It’s inevitable, and even if you don’t want children, odds are some of your friends will. Get ready.Read More
Did you know that if you take out a $30,000 student loan during college, you could end up having to pay back a balance larger than that?
College graduations are just wrapping up, which means in 6 months, those who are entering the work force are about to meet their worst enemy: student loans. And for many, they may be surprised that their balance is higher than they originally planned. This week, I'm featuring a guest post from Drew Cloud, Founder of the Student Loan Report, that explains how your balance can increase and the insanely good move you should do to make sure it doesn't. Parents, this is a must read for you, too. Check it out and afterwards, head over to his site and learn more about how you can better manage and save on your student loans.Read More
See if you can relate:
You’re in your 20s or early 30s and always manage to pay the bills on time but your savings account never seems to grow.
You can’t afford a gift for your friend’s bridal shower but always have the means to buy drinks at the bar at 2:30 in the morning.
You buy the latest and greatest Mac but have no emergency fund.Read More
I remember waking up feeling like a failure. A tired, stressed, defeated failure.
No major event had happened to spur this feeling. I hadn’t lost my job or ended a relationship or put on weight. Instead, it came to me in small enough pieces so that I had no idea what I was heading towards until the last puzzle piece was in place.Read More
It's officially wedding season, and if you are in your 20s, you don't need me to remind you. (I had NINE weddings one year in my mid-20s, two of which I was in. Talk about some 27 Dresses business.) Since I have not yet tied the knot, I don't have much experience in planning a wedding; however, Katie from at Quills and Crystals does, and this week she's sharing what she's learned about finances during her engagement. Take a read and share your thoughts below!
On a scale of Pinterest-perfect centerpieces to spontaneous courthouse elopements, my wedding plans always fell somewhere in between (messy chalkboard art, perhaps). The closest I’ve ever had to a “dream wedding” was during a family trip to Disney World, where we spotted a bride and groom head towards their happily ever-after in a horse-drawn carriage. My jaw dropped. “I want to get married here,” I announced. I mean, why wouldn’t I get married at Disney World?Read More
It’s that moment when the storm has calmed. The movers have left, your furniture has been arranged, and you look around your new place….and see emptiness. Absolute emptiness. Because while your stuff seemed to overflow at the apartment you shared with your college roommate, you now notice how sparse your new place looks. Oy vey.
Don’t worry – I’ve been there, too. When I bought my home, all I brought over from my previous apartment was my mismatched bedroom furniture, and I went into a tizzy trying to figure out how I was going to furnish everything and not completely deplete my bank account. (I mean, let’s be honest, my down payment had already done a pretty good job of that.)
But then I realized that Rome wasn’t built in a day, and my home wouldn’t be, either. If I wanted the feel I was going for (within the budget I had set), I knew it was going to take some time to pull it all together. And that’s when I got creative.Read More
I wish you could have seen me in the first few weeks of owning my home.
First of all, picture a house that has no dining room table, fold-up chairs serving as seating in the living room and your grandma’s 1980s coffee table being used as a TV stand (that lasted for more years than I care to admit). I’d try to throw a meal together using what little kitchen utensils I had on hand and then eat said meal off of a paper plate in a chair my parents had spent many evenings in watching my soccer games. And why?
Because I had no idea of what it actually took to outfit a home. Multiple trash cans? I now need multiple trash cans?Read More
Exactly 4 years ago around this time at the ripe old age of 26, I was smack dab in the middle of house-hunting. I had been saving for a down payment for a few years and had finally hit my goal, so off I went into the world of starter homes and cute bungalows to find a house for this single gal that would be mine and all mine. Well, mine and the bank’s. At least for 15 years.
Luckily I didn’t have to deal with some of the house-hunting nightmares that others have had to endure, and I found a cute little place in the area I wanted for a great price. We were still coming out of the recession so it was a buyer’s market, and with interest rates so low, I jumped at the deal.Read More
I know most of you think your credit score isn’t a sexy topic, but did you know having a crappy one could potentially cost you a year’s salary?
When I bought my home in 2013, we were just beginning the incline out of the recession that had blindsided (most of) us in 2008. It was a buyer’s market, meaning homes were priced to sell and there were a lot of the market. On top of that, my credit score was sitting pretty in the high 700s, meaning I qualified for the lowest interest rate on my mortgage. Did I know prior to that point how much money that score saved me? Absolutely not. But when I started crunching the numbers on my house situation, I soon found it.Read More
Complete honesty moment: saving money is second nature to me.
Even as a teenager, when you’re supposed to be a little reckless with your cash, I was hoarding the dollars I made in that amusement park ice cream stand like I’d never make another. In college, when my friends were complaining of bank accounts with less than $20 in them, I never went below $1,000. And in the past 3 years, I have managed to save $60,000 as a single lady all on her own, and that even excludes anything I contributed to retirement. Like I said, I’m a natural.
However, this isn’t the case for most millennials. In this 2016 GoBankingRates study, they found that 72% of young millennials (18-24) have less than $1,000 saved, and 31% have no savings at all. It doesn’t get much better for the older millennials (25-34) either: 67% have less than $1,000 and 34% have nothing saved.Read More