What’s in Biden’s Student Loan Forgiveness Plan and How Does it Affect You?
On Aug. 24, 2022, President Biden made a historic announcement regarding a student loan forgiveness plan to help relieve the burden of federal student loan debt faced by low- and middle-income individuals and families. Let’s take a deeper look at what the forgiveness plan includes, how it might affect you, and what steps you need…
Read MoreChristmas in July: Preparing for Holiday Spending
The holiday season is many Americans’ favorite time of the year. We travel to celebrate with loved ones. We host holiday parties. We buy gifts and decorations. And food, lots of food. All that celebrating is expensive. The spending can really add up. As a result, many of us are hit with hefty credit card…
Read MoreShould I Save If I’m in Debt?
Saving money is important. Saving might seem difficult, especially if you are struggling to make ends meet or if you are in debt. However, everyone can create a savings plan. Even as you work toward paying off debt, saving is necessary and possible. If you put all of your money toward debt, you won’t be…
Read MoreCan’t Wait for Your Tax Refund? Here’s Everything You Need to Know About Refund Advance Loans
Tax time is an important time for most families. You find out if you’re getting a tax refund. And this year, that assistance is more valuable than ever. For all of those who are wondering, the IRS will start sending out tax refunds in early March. If you anticipate that you will receive a refund…
Read More6 Steps to Become Debt-Free
Think of a goal that you’ve set for yourself. Maybe there’s a book that you want to finish, you want to start exercising three days per week, or you want to take the first step in changing careers. Those are all great goals, and there is one more that I want to put on your…
Read MoreIf I Can Pay off My Debt, Is it Better for My Credit to Pay it off Slowly or All at Once?
I think I’m going to receive a large tax refund this year that could help me pay off my debts. If I’m able to pay off all of my debt, should I do it all at once or is it better for my credit to pay it off slowly over time? Submitted by an anonymous…
Read MoreWhat Should I Do If I Have Too Much Debt?
What should I do if I have too much debt? Paying it off is out of the picture. I am trying to save to move out of my parents’ home quickly due to an eviction. Please help! Submitted by an anonymous SaverLife member. I’m proud of you for reaching out to get help with your…
Read More5 Tips to Stay Out of Debt on Black Friday
Your No-Debt Black Friday Survival Guide As a veteran, I often get eye rolls from my kids when I use military analogies to describe events. But as a financial coach, I can’t help but see Black Friday as an epic battle. You’re knee-deep in the trenches of holiday shopping goals and you’re experiencing the rapid…
Read MoreHow Much Should I Save Monthly if I’m in Debt?
Saving money is always a priority, but the amount you save depends on your other goals, such as paying off debt. A rule of thumb is to save at least $1,000 to cover emergency expenses. Consider labeling your emergency account, “Debt-Proof Insurance.” The title is a reminder that the account exists to keep you out…
Read MoreWhat loan options do I have for helping my child afford college?
Starting college is an exciting time for parents and students alike. But this excitement often comes with stress and uncertainty about how to pay for school. You may be wondering what options are available for you and your child. If you want to help your child cover the costs of higher education, you have many…
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