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.

7 Ways Being Stressed Can Cause You to Spend More

7 Ways Being Stressed Can Cause You to Spend More

Do you ever feel stressed? If you do, you are not alone. Most people do at least occasionally and some people more often than others. Stress is a normal part of life and can come from many different situations. But have you ever thought about some of the side effects of stress on your life? For example, there are at least 7 ways being stressed can cause you to spend more. 1. Shopping You’ve probably heard of retail therapy. It’s a type of coping mechanism you may turn to when you are stressed. To put it another way, you shop in order to feel better. The problem is that you buy more than you need or things you don’t need at all to temporarily feel better. But the problem is that it can become an endless cycle or even an addiction. Both of these problems can rack up thousands of dollars of debt and be hard to end. 2. Gambling Another way you may try to deal with stress it to gamble. It can distract you from the real problem and, like shopping, gambling can also turn into an addiction. Once you lose on a few large bets, however, you ...

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How to Quickly Build Equity in Your Home

How to Quickly Build Equity in Your Home

As a homeowner, you may want to build equity in your home sooner rather than later for a variety of reasons. For example, you might want to build equity if you didn’t make a down payment of 20% of the home’s value. If that’s the case, you may be stuck paying for private mortgage insurance until you reach 20% equity, like I am. But no matter the reason, there are several ways you can quickly build equity in your home. 1. Use Your Tax Refund Did you get a tax refund this year? If you did and you haven’t spent it yet, you could apply that money toward your home mortgage. By paying down the loan against it you can increase the equity in your home. 2. Increase Your Monthly Payment If you have extra room in your budget, use the money to make larger payments toward your outstanding home mortgage. Make sure the extra money you pay each month goes straight toward the principal on your loan. With some companies this is automatic, but with others you have to specify how you want the extra money you’re paying to be used. If you don’t specify, they may apply it toward ...

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Pros & Cons of Tiny House Living

tiny house living

The tiny house movement has become a big deal in the last couple of years. I think one of the reasons for this is because we are rebounding from the way new homes seem to be getting bigger and bigger. Additionally, more and more people are looking for ways to save money and living in a tiny house can, no doubt, help you save. But along with the savings you get from living in a tiny house, there are disadvantages too, so let’s take a look at the pros and cons of tiny house living. Pros of Tiny House Living: 1. Saves Money Of course, I already mentioned the money savings, but now I will list some examples of how tiny house living can help keep money in your pocket. Maintenance and repairs on a smaller home will obviously cost you less when the home is smaller because painting or siding a smaller area is cheaper. If your tiny house needs a new roof, think of how much you could save when that project needs to be done. But in addition to exterior maintenance there are other money saving features as well, such as lower heating and cooling costs, less ...

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How to Stop Obsessing About the Perfect Job

How to Stop Obsessing About the Perfect Job

According to the Bureau of Labor Statistics, the average late born baby boomer changed jobs every 2-3 years between the ages of 18 and 48. That’s a lot of different jobs over a 30 year period! Of course, some of those job changes may have been necessary. They have been made to escape bad working conditions or intolerable bosses. Others could have been made as people moved up the ladder of success. But there were probably also some job changes made by people searching for the perfect job. The problem with that is there is no such thing as the perfect job. So, is it possible to stop obsessing about the perfect job? Here are some ideas to help. Understanding One thing that may help if you are one of those people who obsess about finding the perfect job is to figure out why you are obsessing in the first place. Some job positions have appeal due to the status you would hold from being in that position itself. There are also jobs that could hold your interest because they are simply higher paying than the job you are currently at. However, it isn’t always that simple. The facts are that ...

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Are Home Security Systems Worth the Money?

Are Home Security Systems Worth the Money?

Have you ever woken up in the middle of the night because you heard a strange noise? Did you wonder if someone was breaking into your home? If you are like many people, the fear of a break in has happened to you at least once. But for some unlucky people, this fear can and will become an unfortunate reality. According to figures from the FBI, there were over 1.7 million actual burglaries in the United States in 2014, and this figure is a decrease of over 10% from the year before. This information makes me wonder if installing a home security system would be a wise idea. Although there are fewer break-ins than in previous years, I do want to feel safe in my home. But are home security systems worth the money? Here are things I’ve been considering while thinking about whether or not to invest in a home security system. 1. Cost Initial home security system installation costs can run anywhere from a few hundred dollars to over $1,000 depending on what type of system you are considering. Although these up-front costs are usually just a one-time cost, you can also expect to pay monthly fees for ...

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