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Budgeting, debt relief, credit health, career tips and more.
“I never thought I’d consider bankruptcy” Does this sound familiar? As you research the impact of bankruptcy you may be questioning what will happen with your financial future if you move forward. It can be difficult to find resources that describe the aftermath because every bankruptcy experience is unique. While we feel comfortable going to our friends for advice on where to shop, or what kind of car we should buy, financial troubles are rarely discussed.
You found your dream apartment in the perfect neighborhood and the price is right. You pay the $50 application fee but to your surprise and disappointment, the landlord denies your application after pulling your credit score. Not only are you out $50 for the fee, but you’ve added an inquiry to your credit report.
One of the hardest parts about paying off multiple debts is knowing where to start. It can be easy to become overwhelmed and settle with minimum payments across the board, but this leads to being in debt longer and racking up interest and fees. Reprioritizing your debts and pursuing a repayment strategy can help increase your long-term savings and motivation. Two of the most common debt repayment methods are the snowball method and the avalanche method. Although they’re similar in…
Job hunting can be a long and intimidating process. In addition to searching through job postings and filling out lengthy applications, you have to make sure your resume is strong enough to stand out from hundreds of other applicants. Although the writing and updating process takes time and effort, submitting a professional and polished resume can greatly increase the chances that you’ll be granted an interview.
You’ve come across a posting for your dream job. The requirements and responsibilities look like they were tailor-made for you, and the company offers incredible benefits. You’re about to dust off your resume and get to work on the application, but then you read this statement: “Please include a cover letter with your application.” Do you try to skate by without submitting a cover letter, give up and move on to the next job opportunity, or get to work on…
Whether you’re just starting a new romantic relationship, are considering tying the knot or have been married for years, you’ve likely discovered conversation topics that you would prefer to avoid. Money and debt are often at the top of our personal “do not discuss” list, which can lead to major problems down the road. In a recent study of divorced individuals, 36.1% of them reported that financial problems were a big contributing factor to their divorce.
If you’re in debt, you can likely point out the effects that it has on your life. The inability to accomplish your financial goals, facing high interest payments, and dealing with garnished wages may first come to mind, but have you considered the impact that debt can have on your mental health?