A goal everyone should have for themselves is to stay out of debt. However, staying out of debt has earned a bad reputation for itself as being no fun. The truth of the matter is that there are some practical ways to stay out of debt and still enjoy life!
We all know we need to save more money, but did you know that saving money actually has positive psychological effects? For instance, having money saved in an account is linked to higher levels of happiness. Saving money can actually lower your stress level and has the power to change your outlook on life from a negative to a positive.
October is Financial Planning Month, and with the new year right around the corner, now is a great time to make sure you are on track to meet your short and long term financial goals. Here are three tips to keep your spending in check and finish the year out strong:
For better or worse, debt happens. However, when debt becomes overwhelming, it may be time to consider debt consolidation. I'm sure you've turned on the television, or surfed the web, and seen countless ads for debt consolidation loans from hundreds of lenders. Debt consolidation can give you piece of mind and get you back on the right financial track.
Is it better to lease a car or buy a car? It really depends on the specifics of each individual situation and well worth the time to consider both. Take the time to do your research and to think through all of the options that are best suited for you. We’ve put together some information to help you better understand the difference between buying and leasing a vehicle.
Recently, we had a member who received a debt consolidation offer in the mail. She was preapproved for a $90,500 signature loan at a rate of 3.87% to consolidate high interest credit card debt. Understandably, she was concerned that she received this mailing and more so, a preapproval for a loan she didn’t want or more importantly, need.