Welcome to our weekly guide to personal finance. Our goal is to provide resources for college students and young professionals to help you to take control of your money and achieve financial independence.
You may have heard the news amid all the craziness of Washington D.C. politics, some politicians want to cancel student loan debt. I am here today to break down exactly what the proposals have looked like, and what you should know about them. Within the Democratic party, politicians and activists alike have recently calledContinue reading “What is all the Buzz with Canceling Student Debt?”
Have you borrowed student loans? Wondering how and when you need to start paying them back? Keep reading below! Most students borrow a combination of private and federal loans while attending college. After you’ve graduated you have a grace period of 6 to 8 months before you have to start repaying those loans. It isContinue reading “Student Loan Repayment”
Hello! Ashley here, fellow college student struggling in 2021. With 2020 came financial hardship, especially for young adults attending college. Most college students were ineligible to receive stimulus checks due to being claimed as a dependent on their 2019 tax return. Many students were laid off from their part time jobs or had to leaveContinue reading “Finding a Job in a Jobless World”
Do not expect a second stimulus check this year. Here is what Congress is talking about instead. Even with coronavirus spiking and new restrictions taking effect, Congress remains stalled on fresh relief for Americans in need. While there’s support from both Republicans and Democrats for sending out another round of payments, it is unlikely AmericansContinue reading “Another Stimulus Check In Our Future?”
Like nearly everything else in 2020, holiday shopping this year will be anything but typical. Fueled by changes in customer preferences and economic situations, as well as a global pandemic, retailers will be adjusting best serve their customers. For starters, shopping will start earlier. Most years, the unofficial start of holiday shopping is Black Friday,Continue reading “Holiday Shopping This Year”
Debt in any form can be overwhelming, but it is especially so when it interferes with your ability to build up your savings. Should you save money, or should you pay down the debt and start saving later? Fortunately, there are strategies for tackling debt and savings simultaneously. The goal is finding a balance whereContinue reading “Is it Better to Pay Off Debt or Save Money?”
What is a budget? A budget is a plan for every dollar you have. An estimate of income and expenditure for a set period. Any budget must cover all your needs, some of your wants and savings for emergencies and the future. We will be covering the 50/30/20 budget, one of many effective budgeting techniquesContinue reading “The 50/30/20 Budget Model”
Prepaid debit cards are becoming more and more popular in recent years for various reasons. I would like to give the rundown of why this is occurring, and the pros and cons of using a prepaid debit card on a regular basis. A prepaid debit card is basically a card that acts as a debitContinue reading “The Pros and Cons of a Prepaid Debit Card”
We all know by now that this pandemic has not only physically made life harder for everyone, but also it has taken a financial toll. We have been given stimulus checks and pardons on bills during the height of the pandemic, but there is one thing that continues to happen even through a global pandemic,Continue reading “Don’t Get Scammed on Social Media!”
An interest rate is the amount a lender charges as a percentage of the principal on a loan. The higher the rate, the more money has to be paid on the loan in interest. The organization that sets the interest rate is the US Federal Reserve. The Federal Reserve sets low interest rates asContinue reading “How low interest rates are impacting home ownership”
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