Category: Financial Basics

How To Save For Travel When You’re Young, A Student, Or Even Broke

Travel is one of the greatest wonders in life. It teaches you more things than you could ever imagine about yourself and the world. But how can you save for travel when you are young, a student, or even broke? These three things obviously present some obstacles but it isn’t impossible. All it will take…
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What If You Could Choose Where Your Tax Dollars Go?

If you have read any of the past work on Young, Dumb, and NOT Broke?! then you have probably caught on to the fact that I despise taxes. I can’t stand them. Every two weeks, I see my paystub and the amount that is taken out makes me feel sick. It feels like my hard-earned…
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Why The Internet Makes Me So Curious About Money – And How To Make It Online

I can distinctly remember the first time dollar I made from a product online. I didn’t create the product with the intention to sell it but it would forever spark my interest in what else the internet could offer me. That was more than six years ago now and that product was a Microsoft Excel…
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Can Credit Card Debt Be Rolled Into Your Mortgage? – A Simple Guide

Credit card debt haunts thousands of people per year and most are looking for a way to get rid of it as fast as possible. A way to do this is to roll your credit card debt into your mortgage. This way out of debt is becoming more popular. The big question is can you…
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Why Are Student Loans Considered Good Debt? – Explained Simply

Most people that go to college end up with student loan debt. Often it’s seen as a means to an end, as in you have to spend a little money (or a lot) in order to improve your life. Most of the time we try to stay away from debt but could this kind actually…
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Is There A Difference Between Debt, Loan, and Line Of Credit?

Debt, loan, and line of credit are terms that are often used synonymously but they don’t all mean the same thing. What is the difference between debt, a loan, and a line of credit? Loans and lines of credits are two different types of debt. Debt is an amount of money borrowed from one party…
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Why Your Credit Score Is 0 Or Doesn’t Exist And What That Means

We have all heard that having a good credit score is important but what does it mean if you have a credit score of zero or no credit score at all? Having a credit score of 0 or no credit at all is no reason to panic. All that it means is you’ve never had…
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Should You Pay Off A Credit Card Or Auto Loan First? How To Decide

Debt, specifically credit card debt and auto loans, is one of the most crippling pieces of most people’s financial story. What seems like a good purchase at the time quickly becomes years and years of payments. Those payments include tens of thousands of dollars of interest to the bank. And for what? A car you…
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What The Fed Cutting Interest Rates To 0% Means For Young People

The Federal Reserve has been cutting interest rates and it has been raising alarms. But what does this really mean for young people? The Federal Reserve cutting interest rates is going to affect the interest rates on your savings, money market, and other interest-bearing accounts. Along with that, your credit card interest rate may drop…
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3 Thoughts On The $1,200 Stimulus Check (Economic Impact Payments)

I’m a little late to the party with this post on the 2020 stimulus checks as some of you have already received yours. But I keep getting asked questions so I’d like to try to answer some of them. Before I answer those questions, let’s just set the stage here. Imagine you are trying to…
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