Resources and insights to help you understand your debt - one peach at a time.
If you're like many Americans, you may have taken out an auto loan to purchase a vehicle. Auto loans can be a great way to finance a car purchase, but they also come with interest and fees that can add up over time. If you're looking to save money and get out of debt faster, one strategy to consider is paying off your auto loan early.
Shockingly, there is actually a huge benefit to having student loans. Those monthly payments you make can actually lower the amount of tax you owe to the government! But obviously, only up to a certain point.
How annoying is finance in how it uses acronyms for everything? Finances are already complicated enough - why make it so we need a dictionary to understand the simplest things about our wallets? For everyone too embarrassed to ask, we thought it would be great to break down one of the most quoted acronyms - APR.
First things first, let’s define inflation. Inflation is the increase in the prices of goods and services over time, reducing the purchasing power of money. AKA, you’ve noticed the price of eggs has gone up from $3/dozen to $7/dozen this year. Inflation can have a significant impact on consumer debt, affecting both the amount owed and the ability to repay it. Let’s jump into the different ways that inflation affects your personal debt.
We asked ChatGPT for 10 hilarious ways to pay off your loans. Debt is no laughing matter. But sometimes, you just need to find the humor in life to get through tough times. So, if you're feeling overwhelmed by debt, take a break from the stress and check out these 10 hilarious ways to pay off debt that probably won't work.
Credit card debt sucks. There really isn’t a nice way to put it. And what makes it even worse is how predatory the debt is structured. Tons of people end up with credit card debt due to unexpected circumstances or situations, and they’re unfortunately being punished. Credit cards often have high-interest rates compared to other forms of debt, such as personal loans or mortgages. If you carry a balance on your credit card, the interest charges can quickly add up and make it difficult to pay off the debt. If you only make the minimum payment, it can take years to pay off the debt and cost you a significant amount in interest charges. If you continue to use credit cards while carrying a balance, you can get caught in a cycle of debt that's difficult to break.