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When you’re a young adult and just beginning to establish your path in life, saving money is probably not on the front burner. You have life goals, but you haven’t connected them to a financial plan. Thinking about how to save money in your 20’s might seem like daydreaming. But this is the best time to lay down a healthy financial foundation. Building Healthy Financial Habits Developing healthy financial habits during your 20’s is key to your future financial freedom. The steps you take during this decade will help you accomplish important financial goals in your 30’s. The reality of student loan debt and possibly also credit card debt certainly creates challenges to visualizing and goal setting. Finding ways to save money in your 20’s requires strong financial discipline. Discipline and Consistency Possibly you’re setting yourself up in the world for the first time—a rental home, furnishings, car, fun. Your spending discipline plan helps you be careful to live within your means. You don’t add to your debt. And even though your finances may be challenging, you should not delay saving until “later.” Later will come sooner than you think. You need to save money for retirement, emergencies, life events ...

The post Tips to Help You Save Money in Your 20’s appeared first on Peerform | Peer to Peer Lending Blog.

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Can You Get a Medical Loan With Bad Credit? Healthcare costs are plunging more and more Americans into debt. This reality has been created by a number of converging factors, all of which work against you: skyrocketing costs of medical care, higher costs of health insurance premiums, and more out-of-pocket and uncovered medical procedures. If you find yourself with no savings, and you need an uncovered procedure what do you do? You get a medical loan. It’s much better than using your credit card. But can you get a medical loan with bad credit? Yes, you can. Medical Bills are Overwhelming Consumers The Consumer Credit Bureau reports that 72 million Americans were dealing with medical debt at the end of 2018. One in five Americans were holding medical debt. 52% of all debt in America was due to medical expenses. More recently, an American Cancer Society study published in the Journal of General Internal Medicine found that over 50% of all Americans are struggling with healthcare costs. Even more troubling, people are so worried about medical debt, they are not getting the medical treatment they need. Poor health impacts every aspect of your life. Postponing visits to the doctor or ...

The post Medical Loan with Bad Credit appeared first on Peerform | Peer to Peer Lending Blog.

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The number of adult kids living at home is on the rise. Aside from the challenges of living peacefully with adult children who have some autonomy, this trend is putting parents at financial risk. According to recent statistics reported in Yahoo Finance, more than 14 million young adults between the ages of 23 to 27 are living in their childhood homes. This is 12.7% more than in the year 2000. These statistics seem to run contrary to the reality of a much-improved employment market. Student loan debt and the high cost of housing, especially in certain urban markets has forced many millennials to seek financial shelter in their childhood homes. Is This Okay? As parents, you want to help your children, even if they are old enough to be living on their own. At the same time, you want to do everything possible to help them lead successful, independent lives. Here’s a 4-prong test to help you determine if living at home is really the best strategy for your adult children. Are they employed or actively engaged in looking for employment? Or, are they seriously engaged in earning an education or skill that is marketable? What level of effort are ...

The post Adult Kids Living at Home: Protect Your Finances appeared first on Peerform | Peer to Peer Lending Blog.

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Mother’s Day is only a week and a half away. Time to start thinking about Mother’s Day gifts if you haven’t already. Making the day special for Mom does not mean you have to go into debt. Back at the beginning of the year, when you were making your 2019 budget, hopefully, you remembered to plug in stuff like this: holidays, vacations, special events and so forth. But, if you’re like most of us, you didn’t think about everything, just the major stuff. So now, you need to find affordable Mother’s Day gifts that you can buy with the money you have on hand. And remember, if you are going to use your credit card, don’t charge more than what you can afford to pay off when the bill arrives. 7 Mother’s Day Gifts Your Mom will Love Some are more expensive than others. If you have the cash saved up, hey why not, splurge on Mom. But remember, one of the most precious gifts you can give to Mom is free—Time. Spend the day with Mom. Everyone is busy. Especially today. Moms are busy taking care of young kids, older kids, even adult kids. And many Moms are also ...

The post 7 Mother’s Day Gifts that Mom Will Love appeared first on Peerform | Peer to Peer Lending Blog.

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The next two months are filled with events, including graduation ceremonies. If your kids or friends’ kids are graduating from school, now is a good time to start thinking about graduation gifts. Protecting your budget during these months is going to require a lot of discipline. And according to all the statistics, most American’s are living on a very tight budget. How can you afford to give awesome gifts and not go broke? Make a list of all the little and big graduates in your life. How many gifts do you need to buy? How much money do you have available for graduation gifts? Stick to your budget and avoid using your credit card unless you can pay off the balance in full. Consider free gifts, such as an invitation to sign up for our blog which is filled with tips on how to budget, save, increase income, reduce debt and how to build a financially healthy life. As you put together your gift list, remember graduation gifts should be useful, memorable and affordable. Here are 10 Awesome and Affordable Graduation Gifts Kindergarteners When thinking about graduation, we usually focus on high school or college. But one of the most ...

The post 10 Awesome Graduation Gifts That Won’t Break Your Budget appeared first on Peerform | Peer to Peer Lending Blog.

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Earth Day will be celebrated this Monday, April 22d. The day marks the anniversary of the environmental movement, which began in 1970. Around the world, large and small-scale events are planned to mark the day and to reinvigorate a global focus on environmental protection. In America, policymakers are debating the merits of a proposed New Green Deal. While they do that, there are many things that you, the consumer can do to contribute to Earth Day all year along. These tips will not only help you live an eco-friendly lifestyle but also save you money. Farmers Markets Buying organic food from the supermarket is not affordable if you are on a tight budget. But this doesn’t mean you have to give up on your health goals. Farmers markets are a much better venue for buying the organic produce you love and you will make your contribution toward saving the planet. Green Up Your Energy Consumption In previous posts, we’ve written about greening up your home by using smart technologies. These technologies automate your utility consumption. But there are low-tech and cheap ways to save money on your utility bills. This Earth Day, recommit yourself to turning off the lights when ...

The post 10 Ways to Contribute to Earth Day (and Your Wallet) appeared first on Peerform | Peer to Peer Lending Blog.

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Getting that tax refund can be fun. It feels kind of like a gift. It can be tempting to take it and go splurge. But, now is the time to be smart with your tax refund and pay yourself first. Use your tax refund to fund your financial goals. According to the IRS, the average tax refund this year is $2,873. Consumer surveys indicate that one out of five Americans plans to spend the money on fun stuff, like a vacation. You could do this, but there are much smarter things to do with the money. And don’t forget, while it may feel like a gift, your tax refund is actually your money that you overpaid to the government. It should have been working for you all year. So, let’s put it to work now. Here Are 7 ways to be Smart with Your Tax Refund 1.Credit Card Debt This may not be as exhilarating as a trip to an exotic island but remember…when you return home those credit card bills will be waiting for you. If you are not able to pay off your balance each month, and you are carrying balances forward, be smart and use your tax ...

The post Be Smart with Your Tax Refund appeared first on Peerform | Peer to Peer Lending Blog.

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Money scams propagate faster than weeds. As soon as the scammer is caught and the authorities are alerted to shut it down, a new one pops up. You work hard for your money. You are doing everything you can to build a healthy financial life, such as budgeting, saving, reducing debt, checking your credit report and so forth. The last thing you need is to fall victim to money scams. Fraud.org found that the primary platform that scammers are using today is online retail sites. With the amount of online shopping happening around the world today, scammers have unprecedented access to you and your money. Scams by phone and email come in second and third place. Top 6 Money Scams in 2018 Personal Loan Scams We are a P2p lending platform. Our business is to help you get on with your life by offering online loans to cover your financial needs, such as debt consolidation or weddings, or uncovered medical expenses. Unfortunately, money scams can be found in the online lending industry too. How do you know if the online loan is a scam? They say they don’t need to check your credit score. The online lender asks for an ...

The post The Top 6 Money Scams in 2018 appeared first on Peerform | Peer to Peer Lending Blog.

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We talk a lot on this blog about the importance of budgeting, tracking your money and limiting unnecessary spending. But some things are worth the extra money. At the end of the day, you must weigh the initial outlay, which may be more than you want to spend against the value of a product or service that will save you money down the road. Our ultimate goal is to save money, to move out from the paycheck-to-paycheck existence and to get rid of debt. However, these five things are worth the extra money, because sometimes the adage “you get what you pay for” is true. Mattress A mattress may be the most important piece of furniture you buy. A poor-quality mattress will leave you sleep-deprived and in pain. Your body requires good support during the night, especially your back. If your mattress is thin, or lumpy you will find yourself tossing and turning all night and performing poorly the next day. A mattress is worth the extra money. You don’t have to invest in the most expensive, high-tech mattress on the market, but you should go to a reputable store (not online) that specializes in mattresses. Even the best mattresses ...

The post 5 Things Worth the Extra Money appeared first on Peerform | Peer to Peer Lending Blog.

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After all the cyclone bombs, freezing rain, floods, and blizzards, just about everyone is ready for spring. Spring means a lot of things: taxes, spring cleaning, gardening, and spring break, to name just a few. In this blog post, we’re going to talk about spring cleaning your financial life. Tax Withholding The 2018 tax season is just about over. Hopefully, you have already filed your return, maybe even received a refund. If not, you have a little less than a month to get organized. See here for some last-minute filing tips. If you anticipate a big refund or already received a big refund (which you put into savings or debt reduction), then one spring cleaning task is to redo your withholding statement. Why make a loan to the federal government? You need more money in your paycheck, so you have more money to put toward savings, paying the bills, and getting rid of debt. Debt Reduction How are you progressing with your debt reduction goals? If you’re not as far along as planned, now is a good time to spring clean your goals and strategies. What prevented you or is slowing you down from reaching your debt reduction goals? Will ...

The post Spring Cleaning Your Financial Life appeared first on Peerform | Peer to Peer Lending Blog.

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