3 Big Mistakes Couples Make With Money

The following is a guest post from CollegeMom at ConsumerFu.com. If you are interested in guest posting at Club Thrifty, please see our guest posting guidelines.

 

3 Big Mistakes Couples Make With MoneyOne of the biggest mistakes couples make is allowing love to render them financially stupid. We’re so afraid of hurt feelings, we fail to sit down and talk about money. We talk about how many children we want, at what age we want to retire, where we want to travel and all sorts of other hopes and dreams. What we don’t do is use common sense to guide discussions about money.

Will you continue to have separate finances after marriage? How much insurance will you buy? Who pays which bill? Will you have joint savings accounts? Will you contribute equally to your IRAs even if one spouse earns twice as much? How will you handle inheritance – expected or otherwise? [Read more...]

photo by: wtl photography

Living on Unemployment: Mission Impossible?

While we are enjoying our vacation, please check out this guest post from Daniel Hilsden from Money Saving Angels. If you are interested in guest posting at Club Thrifty, please see our guest posting guidelines.

 

Living on Unemployment: Mission Impossible?

Could you afford to support yourself on unemployment benefits alone?

Being and becoming unemployed is more of a reality than ever for millions of Americans. It’s apparent enough when we see that even government workers are amongst those finding themselves on temporary employment furloughs – the statistics would have you believe that unemployment rates are gradually decreasing, but some members of the public remain unconvinced by these figures.

The notion of nationwide unemployment poses a rather prominent question: does becoming unemployed mean that you’ll no longer be able to survive modern-day living? Will you be able to keep a roof over your head, food in the fridge, and maintain personal transport?

Is it Possible to Live on Unemployment? [Read more...]

photo by: Dave Dugdale

Student Loan Debt: Why Taking Control is Essential

The following is a guest post by our friend Kevin Watts from Graduating from Debt. If you are interested in guest posting at Club Thrifty, please see our guest posting guidelines.

 

Student Loan Debt: Take ControlBy the end of 2012 student loan debt in the United States had risen to almost $1 trillion. That’s right, trillion with a ‘T’. To put this figure into perspective, total consumer debt at that point stood at $11.34 trillion, which means that student loan debt represented an almost unbelievable 8.5% of all consumer debt.

These figures clearly indicate that student debt is out of control, and current debt problems are only going to get much worse if students do not start taking positive steps to get their debt under control. But just how can you keep your student loan debt within acceptable limits? [Read more...]

photo by: DonkeyHotey

How Much it Really Costs to Throw a Traditional Wedding

The following is a guest post from our friend Jessica at Mo’ Money Mo’ Houses. If you are interested in guest posting, please see our guest posting guidelines.

Mo money Mo houses

Hi! My name is Jessica and I blog over at Mo’ Money Mo’ Houses, the personal finance & lifestyle blog with a dash of sass.

If you’re like most people, you may have dreamed about your wedding day since you were a little kid. But, did you also dream about maxing out your credit cards, asking your parents for money, and still going into debt after the “I do”s? Probably not, but unfortunately that is a sad reality for many couples who may not have crunched a few crucial numbers when deciding to throw a big, fat, traditional wedding.

You may have heard that the average wedding today costs around $26,000. I know that sounds like a ridiculous amount of money to spend on one day, but believe me, it’s not a hard task to do if you aren’t paying attention. I’m actually just a few months away from my very own wedding, and despite being extremely frugal and a personal finance blogger to boot, my wedding is not going to be cheap. It’s definitely nowhere close to the average, but it’s looking like it will cost my fiancé and I about $15,000. And that’s not including both of our bachelor and bachelorette parties in Las Vegas!

So, why are weddings so darn expensive? Here’s a look at a few price tags to give you an idea….. [Read more...]

From Spending to Saving: Tips for Turning Debt Into Cash

The following is a guest post from Dona Collins. If you are interested in guest posting at Club Thrifty, please see our guest posting guidelines here.

 

From Spending to Saving: Tips for Turning Debt into CashA while back, my finances were a mess. Despite my less-than-perfect credit, I managed to get my hands on a high interest credit card, borrowed from some payday loan places and I took out a title loan on my car. Overall, my debt was approximately $3,500. That may not sound like much compared to many other people’s horror stories, but the interest on my debts was so high that half of my paycheck was going toward interest before I even touched the principal balances. I was caught in a vicious cycle that I did not think I would ever get out of. After years of living paycheck-to-paycheck, I finally decided I had to bring things to a halt. [Read more...]

photo by: 401(K) 2013

Managing Your Credit: How To Build It & Avoid Trouble

 

The following is a guest post by our friend John from Fearless Men. If you are interested in guest posting at Club Thrifty, please see our guest posting guidelines.

 

Managing Your Credit: How to Build it and Avoid ProblemsFiscally responsible, financially conscious – these are phrases that will have a lot more meaning to you when you start building your own credit. Why? Because when credit is used it turns into debt, and it’s at this point you will begin managing your credit. Millions and millions of people have mismanaged their credit, and they lose the luxury of using credit for years after. We want to help you avoid those pitfalls. [Read more...]