Clear Debt By Cutting Back on These Things

2 Things You Shouldn’t Give Up To Get Out Of Debt

Paying off debt isn’t easy.

No matter how positively you look at it, there’s no way around the truth: Getting rid of a high amount of debt is hard. But it is also a worthwhile goal.

There is a fair amount of strategy that goes into paying off debt.

But it’s not the budgeting or finance-tracking that trips most people up; it’s the sacrifices that they have to make. However, as The Simple Dollar pointed out, it’s important not to give up everything. This could discourage you and lead you to spending even more.

Retired By 40, a personal finance blog, explained there are plenty of ways to find a less-expensive version of your favorite pricey purchases.

Tax Deadline: What To Do If You File For A Tax Extension

April 6, 2016
Tax Time
Tax Season

Tax day this year falls on Monday, April 18th. That means that everyone’s taxes must be filed by this deadline.

Completing this annoyingly complicated but necessary task can be a daunting task. There are a lot of forms you need to collect and even more you have to fill out. And sometimes it’s hard to get everything together on time.

The IRS is sympathetic to cases in which someone hasn’t completed his or her taxes on time, TurboTax explained. People in this predicament can apply for a tax extension, which will give them another 6 months to complete their taxes.

It’s free to file for the extension, though it has the same April 18th deadline.

Should You Be Looking For A New Auto Loan Interest Rate?

When you bought your car, you likely had to take out a loan to make the purchase.

Buying that car was probably at the top of your list of priorities – something that had to be done, despite what your credit score was.

An Improved Score Opens More Doors & Means A Better Auto Loan Interest Rate

Now, after many months of paying your monthly bills on time, your credit score is looking better than it once did.

Why?

How to Manage Your Credit Score Before 30

How To Fix Your Credit Before You Turn 30

A survey from Credit Karma found that more than two-thirds of Americans experience at least one significant “credit fumble” that resulted in a lowered score before they reached their 30th birthday.

Nearly three-fourths of respondents stated that better/more financial education could have prevented mistakes they made in their younger years that affected their credit.

Few participants said they received some sort of financial education before they went to college, and more than half that did said they received it from their parents.

Learning about how to maintain a good credit score and why it is crucial is important.

Trick Yourself Into Saving For A Down Payment

Most Americans hope to one day own their own home.

But buying a home is not something the average person can do on a whim. Most people will have to take some time and save up for the down payment.

The average down payment for a home in the first quarter of 2015 was $57,710, according to RealtyTrac. Though this was a decrease of $282 from the first quarter of 2014, it’s still no small chunk of change.

Fortunately, there are plenty of ways Americans can begin saving for a home today so they are ready to make that down payment in the future.