Understanding How Pay As You Earn (PAYE) Works
Post By: Admin / USA Frugal Club
Many Americans struggle when it comes to paying off their student debt and often look for debt forgiveness programs. PAYE is one such program that helps make student loan payments easier to manage and complete, and after a certain period of time, your loans can even be forgiven. We take a closer look at what PAYE is, how it works, the pros and cons of the program, and whether or not you qualify for it.
How You Should Structure Your Bank Account
Post By: Admin / USA Frugal Club
How you decide to structure your bank account is important. It may determine many of your spending and savings habits whether you realize it or not.
Break The Cycle Of Living Paycheck To Paycheck
Post By: Admin / USA Frugal Club
Many Americans are shocked to find that they still find themselves living paycheck to paycheck even after getting a raise. Here is how to break that cycle.
How To Make An Emergency Fund
Post By: Admin / USA Frugal Club
After the COVID-19 pandemic hit us last year, we are now more aware of how vital having an emergency savings fund can be.
Pay Off Credit Card Debt With The Debt Avalanche And Snowball Methods
Post By: Admin / USA Frugal Club
One uncomfortable financial situation is facing credit card debt but there are some methods that can help you stay on track paying off debt. I explore the debt avalanche and debt snowball payoff methods that will suit my lifestyle.
The Ugly Truth To Buy Now, Pay Later Programs
Pos By: Admin / USA Frugal Club
More companies are featuring payment installment programs such as Afterpay or Klarna that seem tempting with the “buy now, pay later” model but there are a couple of things to consider before committing to this type of payment program.
A Beginner's Guide To A Frugal Lifestyle
Post By: Admin / USA Frugal Club
Living a frugal lifestyle may seem like you have to give up a lot but it is more about having a balanced lifestyle when you spend more intentionally, leading to becoming more financially savvy and making the most of your finances.
Should You Be Using A Credit Card?
Post By: Admin / USA Frugal Club
Compared to the brick-and-mortar times when cash was the only way you could buy a product or hire a service, financial transactions have come a long way. Now, more businesses accept credit card payments than ever before. For the average consumer, this means well! With credit rewards that can get you almost anything, the decision to go cashless seems enticing, but one can wonder - “should I be using a credit card?”
What Is A Roth IRA And Why Should I Have One?
Post By: Admin / USA Frugal Club
A Roth IRA (Individual Retirement Account) is a way of making your money grow free of tax. Not only is it growing tax-free, but the retirement withdrawals you make don’t have any deductions, too. The contribution limit for a Roth IRA in 2020 was $6,000 for adjusted gross incomes lower than $139,000, and if you’re older than 50, you can contribute an additional $$1,000.
How To Raise Your Credit Score Quickly
Post By: Admin / USA Frugal Club
On certain occasions, having the highest credit score possible can hold several advantages for you.
Perhaps you want to start refinancing your mortgage. Maybe you're trying to recover from bad debt and apply for a credit card.
Whatever the reason may be, having a high credit score is always beneficial. You'll also be glad to know that if you're struggling with a low credit score, you're in a much better position to make strides toward a high score than a person who already has one.
How To Choose The Right Life Insurance Plan
Post By: Admin / USA Frugal Club
While some people might consider life insurance as simply another expense, it is one of the most essential financial decisions to make! Life insurance doesn't only help offer protection to your home and family in the unfortunate event of your demise but also prevents your loved ones from experiencing financial hardships. When it comes to learning how to pick the right life insurance policy that suits your needs, there are multiple factors that you need to take into account. Here, we have prepared a mini-guide to help you make an informed decision. So, let's get started.
The 3 Best Identity Protection Services
Post By: Admin / USA Frugal Club
With the rapid advancement in the tech industry, unauthorized use of an individual's information or simply identity theft is becoming a recurring problem. If you are too concerned about data breaches and someone else using your name to execute unethical or illegal tasks, it is best to sign up for identity protection services right away, Before you hire a company, you must weigh the benefits that the service provider has to offer. After conducting extensive research and carrying out the necessary comparisons, we have prepared this guide to the 3 best identity protection services on the market to help you make an informed decision. So, let's get started!
How To Recover From A Major Credit Drop
Post By: Admin / USA Frugal Club
One of the worst things that can happen this year afterCOVID-19 is a credit drop. Most Americans don’t bat an eye when their credit score starts dropping. However, they face constant rejections when it’s time to request a loan. Lending institutes use borrowers’ credit scores to determine their probability of returning your loan on time. If you want to increase your credit score, here are our 4 tips that can help you improve your credit ratings.
How To Get the Most Out Of Your 401(k)
Post By: USA Frugal Club
Nowadays, most people don't even have a pension plan. Because of this reason, having a secure and ever-growing 401k plan is vital to have a safe retirement life. But with that said, paying close attention to some effective strategies can ensure you get the most out of your 401(k). To help you get started, here are some strategies.
Should You Pay For That Extra Warranty?
Post By: Admin / USA Frugal Club
An extended warranty can be found anywhere. It doesn’t matter if you’re buying a car, a phone, or an electrical appliance; getting one is almost always a waste of money. That is because the object you get an extended warranty on won’t ever break on its own.
On the rare occasion something does break, the minimal repair you’ll require won’t cost you as much as the money you pay for the extended warranty. Sure, some enthusiastic buyers can save money with the help of an extended warranty, which is great. But before you decide to get one, ask yourself the question: why would a brand want to offer you one in the first place?