5 Frugal Fitness Options
- Created on 15 April 2015
Losing weight and dumping debt have similar features.
Both can lead to a more fruitful future.
Both can leave you feeling lighter.
Both can take you on journey of triumphs and setbacks.
Both require constant attention in order to see results.
Both can seem like pure hell if you're not naturally inclined to work out or manage money. It doesn't matter. Developing an affinity for both is a good thing. The sooner we accept it, the better off we'll be. There is no need to sacrifice our health while detangling from debt. However, taking on a gym membership or working out with a personal trainer may not be in the best interest of your monthly budget. Consider the following fiscal options instead.
Master Your Money - FREE Webinar
- Created on 11 April 2015
Saving for college? Preparing for retirement? Repairing your credit? Just wish you were better at managing your money? Sign up today for one of many financial education programs during Money Smart Week® April 18-25, coordinated by The Federal Reserve Bank of Chicago and hundreds of local partner organizations in your community.
Money Smart Week events are open to the public at businesses, financial institutions, schools, libraries, nonprofits and government agencies on topics including kids and money, credit building, managing student debt and retirement. Event information is available at www.moneysmartweek.org.
How to be Down When You're Un-Frugal
- Created on 07 April 2015
The universe overflowth abundantly with websites devoted to unlocking your frugal inner diva (or dude). Frugal food sites. Frugal fashions. Frugal fix-it up for anything - all by your lonesome. If you can name it, frugal can be applied.
By some of us.
Frugal is the current in thing. Sure, we support being economical in consumption and/or spending while avoiding waste. That's how the dictionary defines frugal. You'll get no argument from me.
I'll admit I find some ideas fascinating and the associated pictures inspiring. However, I generally stop at good for them. The frugal receptor just doesn't fire for everyone when it comes to finances, cooking, or living life in general.
The Best Debt Dumping Approach
- Created on 02 April 2015
The proverbial fence sitter is back folks! I'm doing a little research for my upcoming book (yes, you are the first to hear it straight from the source - more on that soon) about the best approach to dumping debt.
Everyone has an opinion - and so do I. The best approach is the one the works best for YOU! Can I be anymore noncommittal?
I should have come of age in the 70's.
When it comes to dumping debt, I'm all about peace, love and harmony - i.e. doing what works for you.
Avoid For-Profit College Scams
- Created on 31 March 2015
For-profit colleges and programs are receiving a lot of bad press lately. For good reason.
The Consumer Financial Protection Bureau has sued Corinthian Colleges for predatory lending practices. How does a college qualify as a predatory lender? This is crazy.
Predatory lending is a practice that tricks a borrower into accepting terms that are unfair through deception, misinformation, or other coercive tactics. In this case, Corinthian College is accused of taking advantage of ill-informed students by steering them into huge loan programs to fund programs of questionable credibility.
Corinthian is not the first for-profit academic institution to inflate their results. I have a few thoughts on how students can protect themselves from being victimized by the next educational scam that presents as a wolf in sheep's clothing.
Students Declare a Debt Strike
- Created on 28 March 2015
This is an interesting turn of events. Former students of the for-profit Corinthian College system are going on strike and refusing to repay their student loans.
According to one member of the Corinthian 15, students have been duped into assuming exorbitant loans for sub par educational services and left with little means of finding work in their area of study.
Add to that, Corinthian College - one of the largest for-profit university chains in the country - was forced to sell 50 campuses and seek bankruptcy for another 14 last year after being sued by the U.S. Department of Education.
Budget Friendly Baby Birthday Bashes
- Created on 18 March 2015
In the past few weeks, I’ve been on the pewee party circuit. Including mine, we’ve celebrated a 1, 2, and 3 year old birth fest in the past month alone.
In my case, I didn’t have children while working out of $107,000 of consumer debt. So kid’s clothes, social itineraries, and other necessities – 3 hots and a cot for instance – were not on my financial radar. Fun stuff sacrifices didn’t impact little cuties with puppy dog eyes and smiles that render parents senseless.
However, we’re diving in (more like being dragged) to the social participation end parenthood. Kid’s parties are all over the map. Gone are the days of cake and ice cream, a few manually inflated balloons, or your dad’s made up games in the back yard.
Buy vs Lease: The Debate Continues
- Created on 16 March 2015
At least at my house. Why is this still a topic of conversation?
Because two rational, intelligent beings with the same ultimate goal can view a topic from different perspectives. Uuugh!!!
So this conversation has been ongoing - mainly in joking form - for some time. My husband continues to point out lease commercials on TV, in print, or online. I assume he likes to push my buttons. I'm trying not to react...not always successful.
I have a deep, visceral aversion to leasing cars. I've written about it a number of times:
Do That One Thing
- Created on 13 March 2015
Can you relate?
You’ve been on a roll, making good – no scratch that – GREAT progress toward goals and then it happens. Something interrupts your flow. It could be a financial emergency. Maybe a relationship situation emerges and sucks your energy and attention longer than seems appropriate.
In my case, a planned surgery turned into an extended recovery fog. I’m glad the surgery is behind me. I’ve just gotten out of my routine and getting back on track has taken longer than anticipated. How does one reclaim the lost momentum?
Well, I’m trying this approach - do one thing.
Credit Score Importance While Pursuing a Debt Free Lifestyle
- Created on 23 February 2015
The FICO (or credit) score is a measure of how you manage credit - or debt. A FICO score is a three digit number created via a top-secret formula by the Fair Issac Company.
The FICO score is calculated based on the amount of debt you have, your payment history, and the length of time accounts have been open among other things. A score closer to the maximum of 850 connotes good things about your risk worthiness in the eyes of the financial industry.
As someone who encourages a break from the reliance on debt, theoretically I should also rail against an appreciation of all things FICO. Most famously, Uncle Dave (Ramsey) calls the FICO score an "I love debt score". He's known to tout his zero credit score and freely shares a disdain for all things FICO.
I get it. I do.