Resource Center - Budgeting

Choose from the resource categories below to discover and learn more about personal finance across the topics of budgeting, debt, income, insurance, investing, and retirement.

9 Financial Skills You Should've Learned in High School

There is a movement that is working on teaching basic personal finances to high school student before they graduate. Many students graduate without learning how to manage the basics or without solid financial skills. The sad truth is that many parents do not talk about to them either because they either are embarrassed by their current situation or they do not know enough about finances to teach it to someone else. Here are nine things every high school student should know about finances before... Read More >>>

Is Consolidation a Good Option for Me?

In finances, consolidation occurs when someone pays off several smaller loans with one larger loan. Often the larger loan has a lower interest rate than the smaller loans. Additionally, the term on the loan is often longer which will lower the amount the consumer needs to pay each month. There are several types of consolidation loans available. It is important to choose the right consolidation loan. 1.  Student Loan Consolidation... Read More >>>

Should I Switch Banks to Save Interest on My Loan?

When you are shopping for a loan or for a mortgage, you may be able to save a lower interest rate if you open a new account when you do it. The percentage is usually 0.25 percent on the interest each month. This can be an appealing offer, because who does not want to save money on the interest, but it can be a pain to switch accounts and to track everything.... Read More >>>

What If My Spouse Won't Combine Finances?

Once you are married, it is best to combine finances. This allows you to work together toward common goals. When you are married, you have the legal protections that allow you to safely combine finances. Before you get married, you should not combine finances. You can also work more quickly toward your goals if you are fully combining your finances. You can have the tax advantages of filing your tax return jointly, and also work towards your savings and retirement goals together.... Read More >>>

How To Stop Using Your Credit Cards

If you find yourself using the credit cards each month to cover the last week or two or to hold you over to payday, you may be wondering how you can stop using credit cards. It is important to stop relying on your credit cards because it adds to your debt each month and it prevents you from building wealth. Credit cards cost you enormously in interest payments, and it is important to act quickly to stop the cycle.... Read More >>>

Is Your Poor Credit Stopping You From Landing a New Job?

If you have a poor credit history you may have a difficult time with your job search. Some jobs require that you undergo a criminal background and credit check before they will hire you. Often these checks are not run until you reach the final stages of the interview process, but it can be discouraging to know that your credit may affect your opportunity to land a job. No credit history shouldn't hurt you since it is different from a poor credit history. Before you move on to a new job, you may... Read More >>>

Ways to Save on Interest on Your Loans

If you are shopping for a loan, or you want to find lower interest rates on your current loans, you can use these strategies to help you save money on your loans. The lower your interest rate, the less you will spend on interest, but it can also affect the total payment amount and how long it takes you to pay off the loan. These loan strategies can work for most of the loans that you have. 1.  Look at Credit Unions First... Read More >>>

Should I Pay Off My Student Loans Early?

t is very common to graduate with student loans. Many people carry the student loan debt with them, even when they do not have any other debt. You may be wondering if you should include your student loans in your debt payment plan or if you should worry about paying off your student loans early. The truth is that you should pay off your student loans as quickly as possible. These seven steps will help you pay off your loans more quickly. 1.  Lower Your Debt to Income Ratio... Read More >>>

How To Lower Your Credit Card Interest Rate

It is surprisingly easy to lower your interest rates with your credit card companies. You may run into difficulties if you have a history of late payments, but you may be able to work out something with the credit card company anyway. It is important to be persistent. The credit card companies wants to continue to make money off of your account, so generally they will not bring your interest rate down to zero. However, they want to prevent you from transferring all of your debt to a lower intere... Read More >>>

Should I Switch to an Online Bank?

Many people have begun to switch to online banks for savings accounts. You may choose to work primarily with an online bank for all of your accounts. Since many people use direct deposit and online bill pay they rarely go into an actual branch. If you rarely do transactions at your physical bank, you may want to consider the benefits that an online bank can offer you. Online banks can offer higher interest rates on savings accounts and lower bank fees because the operating costs are lower withou... Read More >>>