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.

Is Early Retirement a Pipe Dream?

Is Early Retirement a Pipe Dream?

No matter what your age, most people plan to eventually retire. However, not everyone has planned well for retirement. Some Gen Xers, for example, have either not saved anything for retirement or not saved enough. This may make retirement difficult for them. But what about people who wish to retire early? Is early retirement a pipe dream? 1. It Depends on Your Lifestyle One of the factors that may determine whether early retirement is a pipe dream for you or not is lifestyle. How do you plan to spend money during your retirement? If traveling and eating out frequently are part of your retirement expectations, your monthly budget during retirement will likely be higher than it currently is. For some people that means early retirement could be out of the question because they need to continue working in order to afford those retirement goals. But if instead you plan to live more frugally during your golden years, you may be able to get by with less money each month. This could make the difference between early retirement and late retirement. 2. Preparation is Important In the past, retirement was thought of as the time when people get to finally kick ...

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Should You Buy Using 0% Financing?

Should You Buy Using 0% Financing?

To some people, the idea of being able to get what they want now and pay for it later sounds great. The problem is that the bill eventually comes do and must be paid. So when you see those offers that promise you can buy now and pay later, should you take advantage of them? What about when it comes to 0% financing? In those cases, you aren’t really wasting any money on interest, as long as you follow the rules. But, before you sign on the dotted line for 0% financing, make sure you consider these things. 1. Know What You Are Getting Whether or not it is a good idea to take advantage of such offers as 0% financing depends on several things. For example, will you be in a financial position to pay off the balance in full before the payoff date? What happens if you have unexpected bills pop up that prevent you from being able to pay off the balance before the due date? You should know what you are getting into before you automatically accept such a method of financing for your purchases. What you are getting is basically a credit card. 2. Understand ...

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DIY Gone Wrong! 4 Reasons DIY May Cost More Than Hiring a Professional

DIY Gone Wrong! 4 Reasons DIY May Cost More Than Hiring a Professional

Many people these days are trying to cut costs in their budgets. One reason for this is because of the ever increasing costs of the goods and services they enjoy. Another is because wages don’t seem to be keeping up. No matter what the reasons are for high costs, however, there are ways you can save. For example, you could save money by DIY-ing when you have items that need to be replaced or repaired around your home. But DIY-ing may not always be the answer. In fact, sometimes you end up with a DIY gone wrong. Here are 4 reasons DIY may cost more than hiring a professional. 1. Lack of Expertise Unfortunately, as a renter or home owner, sometimes things get worn or break in your residence. You may not have the expertise needed to replace or fix it, though. If you attempt repairs without the proper know-how you could be asking for trouble. Let’s say you have a leak in your kitchen plumbing. Trying to diagnose the problem on your own could result in you having a major water leak in your house. Should this happen, you could end up with thousands of dollars of property damage. ...

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Should You Buy These 5 Kinds of Supplemental Health Insurance?

If you’ve ever worried how you would pay your bills should some catastrophic event occur to you or another family member, you might need supplemental health insurance. However, deciding for sure if you should purchase additional insurance or not can be a little overwhelming. Of course, your need may not stem from some devastating diagnosis or other incident. Instead, you might simply need additional coverage for the things your regular health insurance doesn’t cover. Whatever the case may be, the question remains: Should you buy supplemental health insurance? Here’s a look at five of the most popular types of supplemental health insurance to help you decide. 1. Cancer Have you ever wondered how you would cover all of your bills if you or a loved one were handed a cancer diagnosis? It’s only natural for most of us to have those kinds of thoughts from time to time. Chances are someone in your family has been or will be diagnosed with cancer in your lifetime. That means higher healthcare bills in addition to higher household bills for things not covered by health insurance. That is where cancer insurance can help. Obviously different policies cover different things, so you should carefully ...

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How Much Money Can You Save with BillSnip?

Saving money seems to be a hot topic these days. It’s written about frequently and many people are constantly searching for new and better ways to save. Although there’s nothing wrong with that, there’s a point when it becomes difficult to cut your budget any further so you can save more. Once that happens, you might think there’s nothing more you can do to increase your savings. However, what if you could make one more change that could increase your monthly savings and gain you some additional cash? Billsnip could be your answer. You may be wondering just how much money you can save with Billsnip. Below we will talk about how it works as well as what you could be saving. How to Save with Billsnip 1. Gather What You Owe If you have already trimmed your budget down I will assume you already have a good filing system in place for your bills. Therefore, in theory, you shouldn’t have much trouble gathering what you owe. However, if you tend to stack up invoices and statements rather than filing them, now is a good time to fix that problem. Separate what is owed from what isn’t. File what is paid. ...

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