Good Financial Cents…Get It?

Hello! Welcome back to the blog. It’s been a while, hasn’t it? Well, I’ve been off on my own financial and life adventures, and I hope you have, too! Now, where were we? Yes, collective groaning about finances and talking about improving credit scores…and continuing on with some info about the current state of Balance Transfers. Well, ready to dive in? Okay!

APR financing stands for annual percentage rate of charge, and although that sounds like a very odd concept to many, it’s one that is really important to understand. I’m sure many of you get emails and snail mail that advertise 0%APR financing for 12 months, 15 months, and so on and so forth…well…that’s great! What that means is that when you sign up with said credit card company you will pay 0% interest on your total balance each month for that many months. No fees!!!!!!!!!!!!!!! Wahoo!!!!! It’s fabulous…and it feels that way, but don’t get caught not paying attention to where you are in the cycle. It’s easy to forget when your introductory period is going to be over…and then watch out…the interest is going to accumulate. You will need to make sure that you are keeping a low balance or no balance when the time is up, because you will certainly notice a big difference in the fees that you owe at the end of the month…and they add up fast. So…I’m here to tell you that with a  little bit of self-discipline (not spending money you don’t actually already have…I’m right there with you on that one, trust me) and knowledge of how the system works…you can create better financial health. Here are several of the top offers on the market for the moment…happy researching!

Although there are currently a range of options when it comes to how long each companies introductory offer, creditkarma.com states that the top 3 credit offers OVERALL (including rate of cash back and other benefits), are as follows:

  1. Chase Freedom Unlimited (heck yes 15mos. 0% APR and unlimited 1.5% cash back on all purchases+$150 bonus after you spend $500 on purchases during the first 3 months of your offer). Yay! Oh, I forgot to tell you…some cards even offer sign-up bonuses. Yep, you get money (if you’re approved and you follow the rules, of course).
  2. Capital One Quicksilver Cash Rewards Credit Card                                                               This is a great offer, and I can say that from personal experience. This is actually one of the cards that I currently have. I have been very impressed with Capital Ones’ customer service and their quality. I love the fact that I can choose a variety of ways that I want to cash out my rewards…even by buying gift cards! I can also rack up my cash rewards without them EVER expiring! The technical deets are: 0%APR for 15 months, unlimited 1.5% cash back, and no annual fee either…YEESSSSS!!!!!!!!!!!
  3. Wells Fargo Platinum Card                                                                                                           This one offers something unique on top of the introductory 0% APR for 18 months offer (wow)! You are eligible for a maximum amount of $600 protection…on your phone…when you follow all of their requirements (always…ALWAYS…follow the requirements, otherwise you will be denied the offers and lose out on money you could have benefited from). That’s worth looking into! They also offer zero liability protection for charges that are reported within a certain amount of time…also seriously worth looking into…Even I might have to look into this…There are a myriad of other benefits as well…                                                                                                                                                                                                                                                       Well…wow that was informational for me as well! As you can see, offers are constantly changing, so keep an eye out for the next best thing, and the next best tip…I know I will be! Keep tuned here for more information, always, and tips to think about on your journey. As always, this information has worked for me, but it doesn’t mean it will work for you and your finances. Although I have found successes, each financial story is different and it really is best to speak to a professional adviser when it comes to the big money choices in life. Please leave comments and questions below, and I will answer asap!  Until we chat again, ciao, and enjoy your next big adventures!

 

Who Owns Your Money?

I get excited every time I go to deposit money in the bank. That may sound a little too much, and maybe it is, but it’s the truth. I like seeing the numbers go up. For a moment I forget that very soon those numbers will go dooooooowwwwnnnn. Rent, health insurance, credit card bills, medical bills, school bills, voice lessons, acting classes, they all take so much money. It can be very overwhelming sometimes. There’s a sense of pride when we see the numbers going up in our accounts, and rightfully so! We’ve worked hard! You know, this is kind of an uncomfortable thought, though…if you think about it, that money’s not really ours. It may be for just a moment (and enjoy it), but in the end, it’s not ours to own. It comes and goes. It’s frightening at the end of the day once you realize that the actual amount of that money that you’ll get to enjoy for YOU is very minimal. Money, in some part, can be compartmentalized in our lives. I’ll explain.

I have struggled with money for a long time. It seems that my bills are always higher than what I make. I decided to try an experiment recently. I dedicated every shift at my job to paying off specific bills. Rent came first, then school loans, etc. I began to think of the money that I was making as not my money, but the landlords’ money, the loan organizations’ money, and so on and so forth. It was a harsh way to think about it, but it really opened my eyes to just how much was MY money. Compartmentalizing my money helped me take care of the essentials first, and then I could see how much I had left for anything else. Someday I hope to not have to do that, but in reality I’ve come to realize that money is very much based on a mindset: how we think about it has a lot to do with how we handle it. How do you think about the money you make? Is it yours? How do you compartmentalize? I’m very curious and I’d love to hear your thoughts in the comments section. Happy reading!

Good Financial Cents…Get It?

Hello! Welcome back to the blog. It’s been a while, hasn’t it? Well, I’ve been off on my own financial and life adventures, and I hope you have, too! Now, where were we? Yes, collective groaning about finances and talking about improving credit scores…and continuing on with some info about the current state of Balance Transfers. Well, ready to dive in? Okay!

APR financing stands for annual percentage rate of charge, and although that sounds like a very odd concept to many, it’s one that is really important to understand. I’m sure many of you get emails and snail mail that advertise 0%APR financing for 12 months, 15 months, and so on and so forth…well…that’s great! What that means is that when you sign up with said credit card company you will pay 0% interest on your total balance each month for that many months. No fees!!!!!!!!!!!!!!! Wahoo!!!!! It’s fabulous…and it feels that way, but don’t get caught not paying attention to where you are in the cycle. It’s easy to forget when your introductory period is going to be over…and then watch out…the interest is going to accumulate. You will need to make sure that you are keeping a low balance or no balance when the time is up, because you will certainly notice a big difference in the fees that you owe at the end of the month…and they add up fast. So…I’m here to tell you that with a  little bit of self-discipline (not spending money you don’t actually already have…I’m right there with you on that one, trust me) and knowledge of how the system works…you can create better financial health. Here are several of the top offers on the market for the moment…happy researching!

Although there are currently a range of options when it comes to how long each companies introductory offer, creditkarma.com states that the top 3 credit offers OVERALL (including rate of cash back and other benefits), are as follows:

  1. Chase Freedom Unlimited (heck yes 15mos. 0% APR and unlimited 1.5% cash back on all purchases+$150 bonus after you spend $500 on purchases during the first 3 months of your offer). Yay! Oh, I forgot to tell you…some cards even offer sign-up bonuses. Yep, you get money (if you’re approved and you follow the rules, of course).
  2. Capital One Quicksilver Cash Rewards Credit Card                                                               This is a great offer, and I can say that from personal experience. This is actually one of the cards that I currently have. I have been very impressed with Capital Ones’ customer service and their quality. I love the fact that I can choose a variety of ways that I want to cash out my rewards…even by buying gift cards! I can also rack up my cash rewards without them EVER expiring! The technical deets are: 0%APR for 15 months, unlimited 1.5% cash back, and no annual fee either…YEESSSSS!!!!!!!!!!!
  3. Wells Fargo Platinum Card                                                                                                           This one offers something unique on top of the introductory 0% APR for 18 months offer (wow)! You are eligible for a maximum amount of $600 protection…on your phone…when you follow all of their requirements (always…ALWAYS…follow the requirements, otherwise you will be denied the offers and lose out on money you could have benefited from). That’s worth looking into! They also offer zero liability protection for charges that are reported within a certain amount of time…also seriously worth looking into…Even I might have to look into this…There are a myriad of other benefits as well…                                                                                                                                                                                                                                                       Well…wow that was informational for me as well! As you can see, offers are constantly changing, so keep an eye out for the next best thing, and the next best tip…I know I will be! Keep tuned here for more information, always, and tips to think about on your journey. As always, this information has worked for me, but it doesn’t mean it will work for you and your finances. Although I have found successes, each financial story is different and it really is best to speak to a professional adviser when it comes to the big money choices in life. Please leave comments and questions below, and I will answer asap!  Until we chat again, ciao, and enjoy your next big adventures!