Do you feel like you’re drowning in debt? Want to get it under control? There are many ways to lower your debt. From avoiding the need to take on debt to strategizing how you spend, there are many factors to consider when managing debt. Here are a few tips you should follow.
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Do you have an emergency fund built up and stashed away, ready to access if you need it? If not, it’s highly recommended that you start building one. An emergency fund is money set aside for large, unexpected purchases or expenses. These are typically held in savings accounts due to how easy and fast it is to withdraw cash. Emergency funds are often used for situations such as a job loss, major car repair, medical expenses, natural disasters, and home repairs or necessary appliance replacements. If you don’t yet have this extra cash off to the side, learn how to build an emergency fund at the Broadway Credit blog!
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It’s tax season, which means millions of Americans are expecting to receive a tax refund after filing their taxes. If you don’t have a plan on how you’ll use your tax refund, it’s time to think of your game plan. Here are a few effective ways you should consider spending your tax return.
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When deciding how to tackle your debt, you’ve probably heard a couple different things. First, you may have been told that it is better to pay off debts with the highest interest. Second, you probably have been advised to pay off smaller debts first and move up to the larger ones later. Which method is better? How should I pay down my debt? Here, we will take a look at two strategies for debt repayment: Debt Snowball Method and the Debt Avalanche Method.
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For those looking to better their financial situation and budgeting skills, you’re probably revisiting your current budget and seeing what you can change. Of course, it’s not always obvious which aspects of your budget should be adjusted. In addition, everyone’s budget will look different based on unique income and expenses. How do you improve your current personal budget? Here are a few things you should take note of.
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Every driver needs car insurance, yet not everyone pays the same for coverage. No matter if you are shopping for car insurance for the first time or are wondering if you could be paying less every month, you will want to get the best deals. Here’s a few tips on how you can save money on car insurance.
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Need to stop to fill up gas for your car soon? The price of gas fluctuates all the time, which can give the misperception that prices are hard to predict. Even though it is impossible to say exactly how much gas will cost at any specific gas station in the next day or week, there are days and times that are more cost-efficient for buying gasoline. Here’s when you should consider filling up.
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Wherever life takes your child, you will want them to be successful at whatever path their heart is set at. To help them along the way, it’s important for parents to teach their kids how to properly manage money, no matter if your child is a toddler or a teen. Here are a few tips for helping children and teenagers manage their cash.
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Do you have some money saved for a different vehicle? Not sure if you have enough? Learn the recommended amount you should put down as a down payment for a car here at Broadway Credit!
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It has been a rough month for thousands of Americans with the COVID-19 situation keeping people at home. Now, with another month extended to the stay at home order, Wisconsinites will need to endure yet another month of carefully managing their finances with reduced or no income. Thankfully, there are ways you can reduce how much you pay every month during quarantine. If you are worried about paying your bills on time, here are a few tips for saving money while at home.
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