All tagged Money

Do you remember the moment you first opened a savings account? Most of us likely opened one with our bank who held our checking account and direct deposit at the time. It seemed standard, but the only thing I really thought separated a checking from a savings was that it was money I should not touch. Many of us learned later that we can only withdrawal money from the account 6 times per statement cycle, we might have needed a minimum balance to maintain the account without fees and it yielded us some interest!

Dave Ramsey followers know if there is anything he hates more than collection agencies, it’s forms of cash value life insurance. He likes to call it “the payday lender of the middle class”. Still, I could only ever really catch bits and pieces of why cash value life insurance was such a scammy product. I needed to know more and as someone who has taken forever to even become insured, I decided I needed to do a little research.

For many of us, it takes several years before we realize we’ve made a mess of our money. We grow up thinking debt is just what people have, it’s inevitable, right? These things are the norm, until we realize they aren’t. Something in our head just clicks at some point. We start caring more about our finances and seeking more information. Then we find out, debt is not the only way to live. We can escape it. 

In the beginning of 2015 I moved into my first place without parentals. I was 21 years old, what should have been a glorious time, but within the same month of signing the lease I was let go from my job as supervisor at a café near Union Square. Apparently, I was not bossy enough (I wasn’t). I’m a very emotional cancer though, so of course I cried, I was extremely stressed, I felt like a failure being the first (and only) time I have ever gotten fired and I just wasn’t sure how I’d be paying rent without a job.