Home > Author Archives: Kayla Sloan (page 5)

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.

8 Ways to Avoid the High Costs of Data Theft

It is with good reason the words “data breach” and “data theft” can place fear and panic in the hearts and minds of people when they find out they have become the target of this type of crime. The financial costs of data theft can range anywhere from a few hundred dollars to thousands of dollars. In addition, victims may feel violated and suffer from both financial and emotional stress as a result. But the good news is that there are ways to avoid data theft. Here are some of them. Don’t Give Out Information The act of stealing confidential, computer-based information is considered to be data theft, and it is occurring at an increasing rate for consumers and businesses alike. However, one of the simplest things you can do to help prevent personal data theft is to protect your information. Be careful when giving out your information online by making sure the person or company making the request really needs to know what they are asking for. In other words, legitimate businesses you already do business with will not send emails asking for information they should already have. Update Your Passwords I used the wording “update your passwords” instead ...

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5 Best Uses for Your Next Pay Raise

pay raise

A pay raise doesn’t come to most of us very often, or at least not as often as we’d like. Some people don’t ever get a raise from their employers at all while others may receive a raise just large enough to cover the rising inflation rate if they’re lucky. As a result, when that rare occasion does happen, you may wonder, what is the best use for your next pay raise. Before we get to the end of the year, when some lucky employees may receive a pay raise, here are some ideas for how you can use that money to get ahead financially. Give Yourself a Small Splurge The first thing that comes to mind when you receive a pay raise might be rewarding yourself with something extravagant, and wildly expensive, that you want but would otherwise not necessarily purchase for yourself. This isn’t the best use of your money. Instead, splurge in a small way, such as an evening out with your spouse or significant other. By allowing yourself a small reward you still get the satisfaction of a little something extra without spending it all in one place. The leftover money can then be used more ...

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How to Use Credit Cards to Your Advantage

How to Use Credit Cards to Your Advantage

The advice you get from some finance blogs is to use extreme measures to avoid running up credit card debt. They may suggest things such as cutting up your credit cards or placing them in a container of water and freezing them to prevent you from using them – at least until they thaw. But I know that credit cards can be used to your advantage if you are able to use them with self control. Like anything else, they are a tool. It’s you that determines if they will be an asset or detriment to your finances. Here are some ways you can use credit cards to your advantage. Pay Your Balance off Each Month Don’t run your credit card balance up so high you can’t pay it off each month. Doing so will allow you to eliminate paying interest on your balance and giving away your hard earned money to credit card companies for free. In addition, you potentially have the ability to use that same money to earn interest for yourself for the same time period. If you aren’t able to pay the balance each month, always make the minimum payment and make a larger payment whenever possible. ...

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6 Ways to Avoid Money Scams

Avoid Money Scams

Scams are everywhere these days, and as technology improves and changes, so do the tactics of criminals who are out to take your money. The good news is that there are ways you can avoid money scams. Here are 6 ways you can prevent yourself from becoming the next victim of a money scam. Pay Attention When Shopping Online The holidays are coming up, which means an increase in internet traffic for those who make purchases using the internet to whittle down their gift lists. As you shop, if you need to enter information on a computer, use caution and check to see of the URL of the page you are on starts with “https.” This means the site is secure using an SSL Certificate.  Companies must go through a validation process to get this certificate, and the “s” in “https” stands for “secure.” If no “s” is present, the site could be a scam. Email Scams If you don’t recognize an email address or sender, don’t click on any links or open messages. Watch out for subject lines that include promises like “free vacation” or “you’ve won!”. These suspicious emails are often a criminal’s way of phishing for your ...

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How to Save Money Without Missing It

How to Save Money without Missing It

Usually when you read a post about saving money it involves making drastic, and sometimes difficult, changes to your spending habits in order to achieve your budgeting goals. But wouldn’t it be nice if you could make a few changes, save some money without missing it, and not have to suffer from a complete upheaval of your life? I like my lifestyle and I’m personally not willing to go to huge extremes to save money and pay off debt. Of course, I still want to get more financially secure, but I’m not going to do things like sell my car and bike everywhere, or cut my own hair just to save a few more dollars. (My hair would be a disaster if I tried to DIY it.) Instead, I look for ways to make small changes and save money without missing it. Here are a few ways you might be able to do that same. Switch Off & Unplug Electronics If you aren’t using it, turn it off. This applies not only to the lights and televisions in your home, but to the appliances as well. Some can still use electricity while shut off, so whenever it’s reasonable to do ...

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