Home > Author Archives: Kayla Sloan

Author Archives: Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

Should You Pay to Date Online?

Should You Pay to Date Online?

Dating someone is an adventure of sorts. Each person has a chance to get to know the other, have some fun, and discover whether or not they are compatible. But it can also be expensive. Just a single night out on the town can run anywhere from $40 to $100 if not more. If you go out more than once a month that’s a serious chunk of change. And there’s no guarantee you will find your match either. If you have been thinking about joining an online dating service, be prepared to add even more to your dating costs. Signing up for a dating site could run you an additional $20 to $60 per month. Is all of that expense worth it to find Mr or Mrs Right? Should you pay to date online at all? Paying May Motivate You to Use It Similar to gym memberships, some people sign up and pay for online dating and then never use it. However, if you do invest the money in a dating website you may be more likely to actually use it than not. If nothing else, the guilt over paying for the membership and not using it could motive you ...

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Pros and Cons of Buying Used Electronics

Pros and Cons of Buying Used Electronics

There is no doubt we are living in the age of technology. This is evidenced nearly every day as you look around you. Almost every individual from teens to adults has an electronic device of some kind. Even children younger than kindergarten age know how to use them. It’s also indisputable that technology has many advantages. For instance, you can talk to nearly anyone at any time from your smartphone. You can even use electronics, such as Amazon Echo, to run your house. But many of these useful electronic devices come at a price and it isn’t cheap.  Consider that smartphones now cost several hundred dollars, a price that has more than doubled from just a few years ago. This is why some consumers are beginning to look for alternatives such as buying products that are used rather than new. However, is buying used electronics the wisest option? Let’s explore the pros and cons of buying used electronics to help you decide what’s right for you. Pros Cost is Lower Of course, one of the first pros of buying used electronics that comes to mind is price. However, just how much difference there is in the price depends on the ...

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Why a Reverse Mortgage is a Bad Idea

Why a Reverse Mortgage is a Bad Idea

If you are a homeowner, have you ever considered getting a reverse mortgage on your home? Plenty of people have gotten them for all kinds of different reasons. For example, some people have gotten them to go back to school, pay off debt, pay medical bills, or start their own businesses. Others have used the funds for retirement, travel, or to buy a second home. At least some of these reasons to get a reverse mortgage sound like good ones. But the truth is that there are a lot of reasons why a reverse mortgage is actually a bad idea. Equity is Reduced A reverse mortgage lowers the amount of equity you have in your home. Of course, your home could increase in value over the course of the loan which may cancel out the reduction in equity. Whether or not it does depends on the amount of the reverse mortgage and how much your home increases in value. That’s a pretty big gamble to take, however. There is always a possibility that housing prices will drop causing the value of your home to dip below the amount of the loan instead. This is one reason a reverse mortgage is ...

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5 Reasons to Never Loan Money to Friends

5 Reasons to Never Loan Money to Friends

There are lots of benefits of having a close relationship with your friends. For example, you have someone to hang out with and someone who “gets” you. You also have someone you can depend on when you need help. Of course, your friends should also have these same benefits in their relationship with you. But what if they use that relationship to ask for something more? When a friend gets in a jamb, you want to help them out. But should you go so far as to also loan them money when they need it? Some people might feel differently, but there are actually several reasons you should to never loan money to friends. 1. It May Never Be Paid Back When you have a friend who needs money desperately, you probably empathize with their situation. But you should be careful to never loan money to friends without a contract in place. Without specifying these details you have no idea when or if the money will ever be paid back. In addition, the friend has no incentive to pay it back because there are no penalties for not paying. An arrangement such as this can also cause both you and ...

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How to Cut Back on Your Holiday “To Do” List and Save Money Too

How to Cut Back on Your Holiday “To Do” List and Save Money Too

The holidays are a wonderful time of year. There is this special atmosphere or holiday spirit that goes along with all the pretty lights and decorations as well as holiday goodies we all enjoy. But preparing for the holidays takes a lot of extra time and work. There are gifts to buy and wrap, decorations to put up, holiday foods to make, parties to attend, and many other things that go along with the season. When your list of tasks is long and your time is short it can leave you feeling overwhelmed. But there are a few ways you can cut back on your holiday “to do” list and save money too. Place a Limit on How Many Gifts You Buy When you read magazine or blog articles about holiday gift etiquette you may see advice about giving to everyone from your boss and coworkers to hairdressers, dentists, eye doctors, mail deliverers, your children’s teachers, Boy Scout leaders, and more. If you took this gift giving advice your list would be nearly never ending. In fact, Christmas has gotten so commercialized that it’s nearly ridiculous. My advice is to place a limit on what you buy and who you ...

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