What is Lifestyle Inflation?
Have you noticed that even when your income increases, it can feel like you still don’t have more money leftover at the end of the month? That’s because often, when our income increases, our expenses do too. This is a very real phenomenon called lifestyle inflation. It can sneak up on us despite our best…
Read MoreWhat does it mean to “pay yourself first”?
Hi, I’m Saundra Davis, SaverLife’s financial coach. Let’s talk a little bit about the golden rule of saving: pay yourself first. So many people say, “I’m going to wait and save after I’ve paid all my bills and I’ll save what’s left,” but we all know what happens then. Very seldom is there anything left. So the idea of…
Read MoreReady to Start Investing? 6 Tips for Avoiding Scams
You’ve worked hard to get where you are financially, and investing might seem like the next step. But sometimes the financial landscape (and especially the internet) is like the Wild West. Let’s go through some tips to have in mind and common pitfalls to watch out for when you start investing. Know Your “Why” With…
Read More6 Steps for When Your Credit Is Denied
First, let’s start with the facts. There’s a widespread fallacy that a score determines whether or not you get credit. The truth is that lenders use a variety of factors to make credit decisions. These factors include your FICO scores, but also take into account your income, your employment history, and your credit history. This…
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