*This post was created by request on behalf of a UNI 101 class about financial literacy.* This post may contain links, please see my Disclaimer
When making the decision about whether you should move in with a significant other, you need to have a conversation about the finances of it all before you go all-in. I know talking about money isn’t sexy, and sometimes it’s incredibly stressful, but these conversations will help you navigate this new stage in your relationship. There are several schools of thought about finances and your significant other, and we’ll list them as follows:
If you get paid bi-weekly, you usually have two months out of the year when you receive that magical third paycheck. Rather than those who
If you’re reading this post, you’re likely sitting pretty on some consumer debt. Or maybe you don’t have credit card debt, but you do have a car payment or student loans that are keeping you awake at night. This post will delve into a couple different repayment methods (e.g. the debt snowball vs. the debt avalanche) and discuss the psychology behind both of them so you can pick the method that works for you.
The “B” word (we’re talking B for budget) is often this thing we know we should be doing, but many of us may not know where to start…so we don’t. Some months (or even pay periods) we’re just hoping that our spending and expenses don’t go beyond our income. Sometimes we get lucky, and sometimes we use credit. That cycle stops now.