We all need a support system. Sometimes, we need more than one support system. While we often consider the need for a support system when it comes to our emotions, or to various endeavors (such as running a marathon), few of us think of our monetary support systems.
Start by thinking of your life and household as a huge corporation. You have expenses, employees (in this case family members), and also income.
However, that magical number of 100,000 miles weighs heavily on my wife as she has an increasing perception that it may break down at any time.
All this month, I've been talking about ways that you can call on others -- partner with them -- to achieve the goals that are important to you. In this post, let's extend the idea to financial goals as well.
That was where I was, when I decided I could not keep living with all of the debt hanging over me. I was a prisoner to debt. I had more bills than income.
Paying off your debt can be tough, so finding new ways to save can be a real game changer.
We are placing the spotlight on some of the familiar members you see engaging in the Community.
School is now officially out for just about all kids across the United States. For the kids this is fantastic news, for the parents this means more planning, and yes money.
Having recently stepped up my efforts to lose weight and become healthy, I've been facing my own behaviors when it comes to my eating habits. I have a history of binge-eating which has ultimately led to this vicious cycle most people know as the "yo-yo diet" - not unlike the debt cycle for those of you in debt.
My friend and fellow divorce blogger Mandy Walker recently released an ebook "Visioning Your Life After Divorce" it is absolutely free and full of great advice, support and guidance to create your vision of life after divorce.
Discovering the open road in a camper van can be an epic holiday. But it's not always as cheap as it may seem. Here are 12 tips for planning a smooth - and budget friendly - camper van holiday.
I know most people don't like the word "budget". To most people, the word "budget" has a very negative connotation. It means restrictions, meticulous calculations, limitations...basically, it implies a noose around your wallet. But let's face it. We didn't get into debt because we're good with money.
First, it pays to get clear with yourself about what you need and want. Try to lower the barriers of "I can't" and "I shouldn't" and "But that will never happen" that have stopped you in the past. Focus, instead, on the visions of the future that keep coming back to your mind, whether that means climbing a mountain, building your dream house, traveling the world, or feeling more secure in your marriage.
Now please understand, I normally would have helped her out, but she had just returned from her "social life" vacation in Las Vegas and had used her credit card for several purchases. I had to allow her to figure this one out on her own.
We are placing the spotlight on some of the familiar members you see engaging in the Community. These people are taking the time to share their perspective, tips and inspiration about life on a debt relief plan.
I prioritize on paying off debt and always pay off credit card bills in full every month. Whenever I come across a windfall or extra cash, I apply it against any outstanding debt I have.
According to the Federal Reserve Bank of New York the U.S. Department of Education and private sources recent studies show that outstanding student loans will cross $1 trillion this year-proving that Americans now owe more on student loans versus credit cards. So the mystery is how did this happen?
We are placing the spotlight of CareOne employee debt stories.
I'd hit my financial rock bottom when I had to choose between buying my monthly bus pass and paying for my prescription. At the same time, my parents were facing foreclosure on their home and had racked up thousands of dollars in medical bills. Debt was everywhere in my life.
In today's high-tech, smartphone, Wi-Fi saturated, always-connected world, we all assume that our information can be obtained with a touch of a button. It's frustrating when we have to wait for a phone call to be returned, or even worse (gasp), for something to show up in the mail.
Having a workout buddy is like that: it helps to establish a pattern that's easier to maintain because someone else is following that same pattern with you.
Being a big fan of the debit card, I decided this was a worthy experiment for my spending habits. I have always felt that using debit only helped me stay on track because the money comes directly out of my checking account. The recent study referenced above suggests there is a "Pain of payment" effect associated with cash payment, which influences your purchase decisions. I chose a two-week period and decided to give the cash-only strategy a whirl.
We are speaking with Diana Greer for our latest CareOne Community Member Spotlight.
Lifestyle inflation was mainstay in my life, and I didn't have any intention to stop living that way.
The feeling of being that strapped for cash sparked something in me. I had no choice but to make some major changes in my life. For six months, I lived at home rent-free and took every advantage of that situation. I didn't go out. I didn't shop. I didn't even get my haircut!
In addition to the blogs, be sure to check out the new CareOne Groups:
Are you finally out on your own and figuring out how to balance your finances? If so, this is the group for you. In Starting Out, you can talk about the challenges you are dealing with in a group of like-minded people.
Do you feel like you are finally understanding what being a "grown-up" is all about and are settling into your adult life? If so, this is the group for you. In Settling In you can connect with others who are just like you.
Struggling to balance all that an established lifestyle has to offer? The balancing it all group is for you. Discuss the challenges you face when your responsibilities at work, at home and with family and friends all compete for your attention.
Are you currently retired or planning on retiring very soon? If so, this is the group for you. Times have changed and so has retirement. Learn how others are redefining retirement.