8 Personal Finance Blogs to Follow
Each is unique to the other, the reason why every information that you get will help you plan on how to overcome your indebtedness.
Well then, if you want to hear it from the individuals who were able to manage their finances with flying colors, we have collected stories and views from the most followed financial bloggers of the year.
Krystal Yee Give Me Back My Five Bucks
A credit report is a “snapshot” of your credit history. Lenders rely on credit reports and credit scores to help them determine your credit application approval. This affects all aspects of your life that require a judgment of your creditworthiness – such as a bank loan application, applying for a mortgage, buying a car, getting a credit card, and even when you try to rent an apartment.
When you go onto these credit bureau websites, it isn’t clear how to obtain your free credit report. Instead, most links direct you to options where you can pay either a one-time or monthly recurring fee in order to access your information online immediately. That’s how they make money off of you. But if you’re okay waiting for your report to come through the mail, you will be able to access your free credit reports once every year.
Tom Drake Maple Money
Life isn’t just about making and saving money. You also want to spend your money. The things you use your money to make life worth living. Spending wisely — getting the most out of every dollar — is how you enhance your life without ending up in debt. Whether you’re getting a mortgage or capitalizing on credit card rewards, we can help you get the most out of all your spending.
Kerry Taylor Squawkfox
The main reason for keeping a Needs and Wants List is to prioritize purchases and prevent impulse spending. If you stumble upon a sale while breezing through the mall, it’s easier to consult your list and make a buying decision based on documented needs versus wants. Let the list decide, and keep your emotions out of it.
Enoch Omololu Savvy New Canadians
As expected, you will need some type of a budget; you will need to start paying attention to how you spend your money; and, you may need to embrace a “frugal” lifestyle. By frugal, I do not refer to a complete shutdown on living and denying yourself of the pleasures of day-to-day existence. Rather, it means you become generally smarter with your money.
Cait Flanders Cait Flanders
What you don’t have to do forever is live with debt. You don’t have to spend every month calculating how much you can afford to put towards debt repayment, while continuing to use credit, and staying in the never-ending cycle of borrowing money and trying to pay it back. It’s not an easy cycle to get out of; I know that firsthand. But it is a cycle that will not only control your finances, it will control your mind and your life—and our time on this planet is far too short to let debt control your life.
Stephen Weyman How to Save Money
Getting the right interest rate, no matter what type of loan you have, is one of the most important things. Don’t be afraid to negotiate, bargain, and ultimately leave if you’re being offered a rate you’re not happy with.
Barry Choi Money We Have
You’ll then need to prioritize your spending. Buying things and eating out is fun, but your debt should always be your number one priority. Seriously, think about your spending habits because any money you save can be redirected towards debt repayment.
Jim Yih Retire Happy
You might start by writing down on a pad of paper what’s important to you about money. What do you need it to achieve? That’s not as glaringly obvious as you might imagine. Do you want to save as much as you can for an early retirement or do you want to spend everything you have (or more) with no concern for your future (in which case you’re probably not reading this anyway.)
What’s your income and your monthly spending. Perhaps you already have a budget or at least you have your spending under control. Write down all of your debts, what they’re for and the interest rates.
CONSUMER PROPOSAL EXAMPLE
Example Unsecured Debts
|2||Credit card 1||$6,812|
Your Monthly Repayments Would Be
a Consumer proposal $748
(total contractual repayments)
a Consumer proposal $295
(total contractual repayments)
* Subject to creditor acceptance
* Payment subject to individual circumstances
* Credit rating may be affected
* Fees apply, subject to individual's circumstances.