Home > Author Archives: Kayla Sloan (page 2)

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.

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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4 Things to Rent Instead of Buy to Save Money

In the past, many people believed you should buy a home instead of renting it. The idea back then was that renting a place to live was the same as throwing your money away. However, if you were to buy a home instead, you were investing in something to sell later and get your money back, which ultimately saves money. But, depending on your individual circumstances, it doesn’t always make sense for everyone to buy a home. Why Renting May Be a Better Move Let’s say you are only going to be living in a place for a short time, say six months to a year, because your job requires frequent moves. In that case, renting is likely the more desirable option for you and would actually save money in the long run. Let me explain. Purchasing a home requires a down payment, as well as inspection fees, closing costs, and realtor fees. In addition, if you don’t have enough money to buy the home outright, you may need a loan. To make it worth paying all those fees, you would need to stay in your home for at least a couple of years to avoid losing money on the ...

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Should You Side Hustle with Your Spouse?

Should You Side Hustle with Your Spouse?

Living on one income is harder than ever these days and many couples still struggle to make it when both spouses work. As a result, many people are taking on a second job or side hustle to make ends meet. Having a side hustle has many benefits. It can help you pay off debt, invest for the future, and supplement your monthly income. Of course, if you have a side hustle of your own, you already know that. But what happens when your spouse wants to side hustle too? Should they start their own or should you side hustle with your spouse? Here are a few things to consider before you decide to side hustle with your spouse or partner. Making Decisions A struggle you could face if you side hustle with your spouse is determining who is in charge. Even if you decide to side hustle as an equal partnership, someone has to ultimately be in charge. Determine this before you begin your side hustle to avoid future knock-down, drag out fights. You must also decide what kind of work you will do and where you will do it. How many hours per week will each of you work? ...

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Why You Should Begin Working on Your Taxes in the Fall

Why You Should Begin Working on Your Taxes in the Fall

Fall brings with it cooler weather, football, and warm, spiced foods and drinks. For many, it is also the time to start thinking about upcoming holiday purchases and activities. But these are not the only thing you should be doing as the season changes and the leaves start falling. There are also reasons you should begin working on your taxes in the fall. 1. File Taxes Earlier Spending time preparing for tax season throughout the year, and particularly in the fall, allows you to file your taxes earlier come January. Instead of rushing around trying to make sense of unfiled papers and receipts you will already have much of the work done. One way to do this is to stay organized. File your receipts, bills, and other important documents as you get them. If you haven’t been doing that, take the time this fall to catch up before the New Year arrives. Another thing that can help is to stay in touch with your tax preparer or accountant. Take time now to set up an appointment with them for late January or early February. You will be able to go over your taxes then and get them filed early. 2. ...

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5 Reasons Budgeting is Hard for Millennials

5 Reasons Budgeting is Hard for Millennials

Millennials are often labeled as lazy or lacking direction if they aren’t demonstrating success at making it on their own. But it’s easy to put a label on someone and make everything their fault. Taking time to understand why millennials have trouble making it financially could show us a different scenario, however. In fact, what appears to be laziness, on the surface, could instead be a problem of not budgeting. But if that is the case, what are some of the reasons budgeting is hard for millennials? 1. The Need to Keep Up It’s difficult to deny yourself of things others have. This is especially true if everyone has it and you are expected to have it too. The price for millennials, though, could be higher debt and difficulty sticking to a budget. One example of this is smart phones. Everyone seems to have them. Not only that, but millennials are almost obsessed by them. Nearly everywhere you go you see them ignoring each other and the world around them. Millennials can check bank account balances, order stuff online, and communicate almost instantly by smartphone. Not having a smartphone, therefore, is very inconvenient. How else will they keep up appearances ...

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