Overdraft charges result from poor money management. They are clear indications that you need to be more conscious of your spending. Overdrafts happen for two reasons: (1) spending more money than you have or (2) failing to monitor the flow of your money. With a smaller budget, these pesky charges can destroy any progress you’ve […]
In a previous article, I stressed the importance of using a cash budget to help you get out of debt. In it, I suggested using a credit card initially for emergencies. As you implement it though, it’s important to setup an actual emergency fund relative to your budget. One major event (fixing the car, unexpected […]
One of the lessons I learned in college was money management. Particularly because I was really bad at it. In the course of 5 years, I racked up a good amount of debt with credit cards and student loans. I wasn’t managing it though and I started missing payments and over-drafting on my bank account. […]