January 18, 201610 yr I thought I would open a new thread for those of us who want to discuss boring stuff like money. For starters, I have joined the Acorns app but am still waiting for my account to get approved. It's only been 1 business day since today is MLK Day, so hopefully I'll be up and running tomorrow. Feel free to post anything financial in this thread - ways to save money, advice, tax info, cool apps, cool rewards programs, etc. etc.
January 18, 201610 yr Author Here's some info on Acorns: https://www.acorns.com/ Acorns, the app that automatically invests your spare change, raises $23 million - Fortune
January 18, 201610 yr I challenge everybody to do one thing. For 90 just write down every dollar you spend and what it was on. Not a budget, just a where is my money going. You might be surprised what you find out in 90 days.
January 18, 201610 yr Author I challenge everybody to do one thing. For 90 just write down every dollar you spend and what it was on. Not a budget, just a where is my money going. You might be surprised what you find out in 90 days. This is one reason I've started getting more "financial" in thinking. I took a good hard look at my checking account and noted where my money was going.
January 18, 201610 yr Pay off unnecessary debt that has a large interest rate as soon as you can. It's common sense, I know, but some people don't seem to realize the amount of interest that they pay on credit cards and lines of credit.
January 19, 201610 yr Pay off unnecessary debt that has a large interest rate as soon as you can. It's common sense' date=' I know, but some people don't seem to realize the amount of interest that they pay on credit cards and lines of credit.[/quote'] I recommend paying off all debts smallest to largest.
January 19, 201610 yr I recommend paying off all debts smallest to largest. Would you recommend that based on the amounts or based on the interest each one charges?
January 19, 201610 yr Author I do it by amounts regardless of interest. I just paid off two over the weekend and have 4 more to go.
January 19, 201610 yr Would you recommend that based on the amounts or based on the interest each one charges? It's easier to pay off the smaller ones so you will see results quicker, it keeps you motivated and aggressive in my opinion.
January 19, 201610 yr It's easier to pay off the smaller ones so you will see results quicker, it keeps you motivated and aggressive in my opinion. And makes it easier to roll the money you were spending on the smaller bills into the larger ones. It's like anything, get the easy stuff done and out of the way, and then you can focus on the harder stuff.
January 19, 201610 yr Author I'm hellbent on paying off either my student loans or my car in the next 2 years. I owe almost the same on both but I'm going to attack them aggressively. I'm tired of being in debt...especially for school.
January 19, 201610 yr Author Delayed gratification. I know one thing. I'll be able to advise my kids a little better when they are off to college.
January 19, 201610 yr Author Today's recommended site: Wise Bread | Personal Finance and Frugal Living Forums
January 19, 201610 yr Author What is a good interest rate range for a car loan? My rate is 3.82% Is that good, bad, average?
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