We know that when you need money, you need it fast! If you were ever in this situation, you probably know already about Payday Loans. These online cash advances rise in popularity among people with bad credit. At the same time, they are controversial for many borrowers. So what is the truth about Payday Loans? Is quick funding worth the risks?
Shortly, payday loans, or same day loans, are small cash advances. Online lenders give you between 100 and 1,000 dollars within a day. A benefit of payday loans online is the high approval rate. Even people with bad or no credit are approved for these loans. All you have to do is submit an online request, you get a decision in a couple of minutes, and receive the money the next day. That sounds about right! However, it is not that simple.
While payday loans are a great help for people with bad credit, they can also hurt your finances. Payday loans are a life-saving product if you need money quickly. They can help you with that. At the same time, they are more costly than usual loans. Moreover, you have to be sure you will repay on time. Otherwise, you might encounter late-repayment fees. You have to make the decision - Is faster financing worth higher costs?
If your answer is yes, we recommend searching for a good provider. Make wise choices and select a trustworthy website. Be sure you understand all terms and conditions. Ask as many questions as you can and be mindful of the payback. We are not here to tell you what’s good and what’s bad! We are here to inform you of your options and help you make the right choice for you!
We plan vacations. We pay off medical bills. We save for retirement. Our entire life revolves around money! We want to help our fellow citizens learn about their assets and how to budget them correctly. Alan Grayson talks about how the country can improve the financial literacy of every American!
First of all, the government is involved in educating about the economy. There is a body called the Financial Literacy and Education Commission. It is associated with the US Treasury Department. It aims to inform citizens about financial matters. Moreover, there is a website where you can find information about governmental actions to reach this goal. MyMoney.gov has information about all daily economic subjects. You can find articles about healthcare plans, purchasing a house, and many more.
Secondly, we support financial writers. Starting from best-selling books to newspapers and journals, we offer necessary information and aid for their development. Our citizens can read issues of the Financial Times or Wall Street Journal to keep in touch with the financial market's economic changes. At the same time, there are many financially oriented bestsellers published by famous authors. From these books, Americans can learn about managing money.
Last but not least, we introduce financial education in schools and colleges. From an early age, our children learn about salaries, prices, and even taxes. By the time they reach the legal age, they will be fully equipped with the necessary knowledge. The financial education plans are currently arriving at many schools and are planned to be in all American teaching institutions.
We do not stop here! Financial will reach all US citizens, with the help of a congressman with guts!
Our children need an education! But can we provide it for them? Every parent should answer “Yes!” to the question. It is because no matter your financial situation, there are plenty of options to get your child through college and into a brighter future! Here are the choices you have!
The future student can apply for governmental funding. The application process is easy. There is only one form to fill out. With it, you apply to all federal aid programs. The government encourages higher education. Therefore, it provides flexible repayment plans. Once you get the federal student loan, you can repay it for a long period. Most students repay it themselves, even after college.
There is also the option of state funding. Most US states offer great scholarships and grants if students choose that exact state for studying. Universities can give students scholarships and full financing too. Suppose the applicant has exceptional extracurricular activities results, such as sports and music. In that case, they can apply for specific scholarships from the university of choice.
Lastly, families can apply for private grants and loans. Banks or other successful companies have scholarship proposals for students. If you are looking for postgraduate education funding, private firms can fully pay for the studies in many cases. You don’t have to return the money if you agree to some terms, such as a mandatory half-year work practice at their firm.
No American should skip college because of financial troubles! Remember that all of us have options if we search for them!
Since we were little, our parents taught us to take care of our health. Now we are adults, and our only response is, “In this economy?”. Healthcare might indeed be expensive for most citizens. But how to reduce costs while still being healthy?
First of all, look at insurance plans. Compare the options of bronze, silver, gold, and platinum insurance. There is a difference of over 3,000 dollars annually between the first and the last one. Take into consideration what each plan provides. Make sure you pay for the services you need. At the same time, review the list of your family plans. You can save a great deal and still be insured.
Secondly, look at what your employer can provide you. Some firms have special health insurance plans for their employees. In most cases, it is more convenient than any of the healthcare plans mentioned above. As long as you have the job, you will be insured. At the same time, if you have a student in your family, make sure you search for student healthcare plans. They are cheaper and provide the same services.
Lastly, plan your budget. Take into calculation your monthly prescriptions. Don’t forget about the recommended checkups. Include some vitamins and supplements in the budget as well. Make sure you leave some room for emergency medical bills too. It takes less than one hour to calculate the annual spending, but you will be grateful you put the money aside on time.
Especially during this time, remember that health comes first. There are many ways to stay financially covered and healthy at the same time. Make sure you research them all!
You’re 20 years old. You are young and have a whole life ahead of you. No need to save for your 60s just yet, right? Wrong! Experts show that the earlier you start saving for retirement, the easier it will be when it is close. Here is why!
When you are young, you have fewer financial responsibilities. You can afford to put away an equal monthly sum for your retirement. While you are still unmarried, have no kids, your spending is minimal. The rest can go to your savings. At the same time, remember about compound interest. The earlier you put the money up to saving, the greater will be the final sum.
Are you convinced now? Let’s take a look at how you can start saving. Firstly, map your entire retirement plan. It doesn’t have to be in great detail. A general picture will suffice. Secondly, calculate how much of your paycheck you need for your daily life. Put the rest in a savings account. Last but not least, don’t touch the money before the actual retirement! Even in a financial emergency, resort to alternative help if possible.
Remember that you can save in many different ways. You can put paychecks up for saving. You can invest in property, in a small business, or even in the stock market. In your 20s, the way you save money is not so important. The main goal is to lay the ground for your future self!
Candidate for Congress (D-FL)
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