Entries by Elyssa Carlos

How Debt Varies Across Generations in 2024 

Debt is a defining feature of personal finance, and how generations manage it reveals a great deal about their economic experiences and financial habits. In 2024, debt levels and types vary significantly across generations, shaped by factors such as homeownership, student loans, cost of living, and overall financial stability. Let’s take a closer look at […]

How Much Does it Cost to Buy a House in 2024? 

As of 2024, the housing market continues to be a significant topic of discussion among potential homebuyers, real estate professionals, and economists alike. Whether you’re a first-time buyer or looking to upgrade, understanding the cost of buying a home in 2024 is crucial for making informed decisions. Here’s a detailed breakdown of what you need […]

How to Budget When Living Paycheck to Paycheck 

Living paycheck to paycheck can be challenging, but with the right strategies and mindset, you can regain control of your finances and build a more secure future. This article will guide you through practical steps to budget effectively, reduce expenses, increase savings, and improve your overall financial situation.  Understanding the Paycheck-to-Paycheck Lifestyle  Living paycheck to […]

How Important is My Partner’s Credit Score? 

When it comes to relationships, financial compatibility is just as important as emotional and personal compatibility. One key aspect of financial health is your credit score, and understanding your partner’s credit score can have significant implications for your future together. Here’s why your partner’s credit score matters and how it can affect your relationship.  Impact […]

Money Mistakes to Avoid as a Self-Employed Individual 

Becoming self-employed is an exciting and empowering journey, offering freedom and flexibility that traditional employment often lacks. However, it also comes with its own unique set of financial challenges. Without the safety nets and structured paycheck of a regular job, self-employed individuals must be vigilant in managing their finances to prevent debt accumulation. Here are […]

How to Combat Money Ruts 

Money ruts, or frustrating periods where financial progress seems stagnant or regressive, can be frustrating. Whether caused by unexpected expenses, poor financial decisions, or just a series of unfortunate events, finding yourself in a financial rut is a common experience. The good news is that there are effective strategies to overcome these challenges and regain […]

How to Raise Financially Responsible Children 

In today’s fast-paced, consumer-driven world, teaching children the value of money and financial responsibility is more crucial than ever. As parents, instilling these principles early can set your children on a path to financial stability and success. Here’s a comprehensive guide to help you raise financially responsible children.  Start Early: The Basics of Money  Begin […]

What is an Authorized User on My Credit Card?

Credit cards have become an indispensable tool in modern-day financial management, offering convenience, security, and various perks to cardholders. Yet, amid the many features and options available, the concept of an “authorized user” often raises questions and uncertainties for many credit card holders. What exactly does it mean to have an authorized user on your […]

Credit Cards in College: Is It Worth It?

Entering college marks a significant transition into adulthood, and with it often comes the opportunity to establish credit accounts. For many students, this is the first time they encounter financial independence and the allure of credit cards or other lines of credit. However, like any financial decision, there are both advantages and pitfalls to consider. […]

Should I Put My Tax Refund Towards Savings or Debt?

As tax season ends, many individuals find themselves with a welcome financial windfall in the form of a tax refund. Whether it’s a modest sum or a substantial amount, the question arises: what’s the best use for this money? Should you channel it into your savings or use it to pay off existing debts? Let’s […]