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If your goal is to pay off credit card debt in a reasonable amount of time, you are going to have to pay more than the minimum payment. Here’s why.

Congress is working to pass the new administration’s American Rescue Plan to help alleviate the financial strain caused by the Coronavirus Pandemic. While the bill has not yet passed, it may contain the following benefits when it does.

Emotions and impulses influence how we spend our money. To some degree, it is natural to seek emotional gratification from the fruits of our labor, but it is important to remember that emotional spending and impulse shopping are two of the archenemies of healthy personal finances.

Do you ever find yourself buying something impulsively? According to newneuromarketing.com, the average consumer spends more than $5,400 per year on impulse shopping for food, clothing, household items, and shoes.

When you get your credit card statement, does the language look like Greek to you? Sometimes it's difficult to understand exactly what your credit card provider means because credit card companies often write in "legalese."

A traditional budget is an exercise in basic arithmetic. Knowing your fixed income, you set spending targets and try to stick to them. This means, however, that any substantial unexpected expense can upend your budgeting. Some people find it difficult to stick to their budgets due to this inflexibility.

When you think about making purchases with credit, the question to ask is not: "How much will my monthly payment be?" The real question is: "How much is this debt going to cost me?"

Lowering your budget for necessities like food can be a great way to save money even after cutting out the nonessential bills. Here are some tips on how to save money on groceries.

While student loans are in forbearance due to the Coronavirus, this may be the perfect time to consider a student loan refinance. Lowering your student loan debt through refinancing may be able to lower your overall debt if you choose the correct loan.

A good way to save money when refinancing is often to secure a lower interest rate on your new loan since you can’t change the principal without paying it off. However, there are some additional factors that could alter your decision to refinance or not.

If you find that you have more debt than you can manage and are trying to reduce your monthly expenses to help pay down credit card debt, consider our tips on how to save on electricity.