Buy Now Pay Later Can Hurt Your Credit Score

Companies such as AfterPay, Sezzle, Klarna, and Affirm have been a blessing for consumers who wanted to shop for their favorite brands with just four easy payments. The convenience and affordability gave consumers a way to shop without killing their budgets or affecting their credit scores. This has come with much criticism from the financial… Continue reading Buy Now Pay Later Can Hurt Your Credit Score

Why Lenders Want Student Loan Payments to Resume

As the talks are continuing to extend the student loan payment pause there are lenders who want these payments to resume and in fact, are lobbying for this to happen. Large private loan lenders are lobbying congress to resume payments on May 1st. According to Yahoo Finance, large lenders such as SoFi and CommonBond are… Continue reading Why Lenders Want Student Loan Payments to Resume

Four Sinking Funds You Should Start in 2022

What better time to start organizing your finances in 2022 than the beginning? One way to do this is to create a sinking fund to save for your large occurring expenses. This possibly can be outside of your monthly expenses however they are recurring. This could be the planned vacation (once we are able to… Continue reading Four Sinking Funds You Should Start in 2022

Why Renting Is Becoming Impossible in America

Housing demands have spiked though this has been an issue prior to the Covid-19 pandemic. It was reported in 2020 renters were paying over half their income to pay for housing, according to CNBC. Though the rule of thumb is only 30% should be used toward housing. However, for many middle-class and low-income renters, this is impossible… Continue reading Why Renting Is Becoming Impossible in America

The Dangers of Not Teaching Financial Literacy

There is a belief that with advanced technology, the rise in online courses, and search engines such as YouTube that most people have extensive knowledge on personal finance. This is not the case according to glfec.org only 33% of adults around the world are financially literate and according to opploans.com 78% of adults in America are living paycheck to… Continue reading The Dangers of Not Teaching Financial Literacy

Supply Chain Issues Continue Groceries Stores Prepare to Raise Prices

As reported in June of 2021 when Shrinkflation which is a smaller amount of food and other items being sold at the same price was first noticed by the public there was a projection that prices would level as a supply chain are able to recover and meet with consumer demands. However, projections made by… Continue reading Supply Chain Issues Continue Groceries Stores Prepare to Raise Prices

The Greenwashing Effect

In 2016 the fashion sustainability movement has gained traction along with the rise of the fast fashion industry. However, these two are more than just a trendy hashtag on social media but this industry has environmental and economic implications that are harming the world economy. For example, according to Vox.com an estimated 25 billion pounds… Continue reading The Greenwashing Effect

What’s the Deal With Shrinkflation

Consumers have noticed that their ice cream containers is just a little smaller or that the paper towel rolls are slimmer. It’s because of Shrinkflation. This is a direct relation to economic downturns or periods of inflation. This has happened before during the 2008 economic rescission ABC.com published an article on how to beat Shrinkflation,… Continue reading What’s the Deal With Shrinkflation

Going Broke to Be Fit

 Millennials and Gen Z are willing to go into debt for fitness In 2020 money was definitely not an obstacle when getting those “Body Goals”. A Compare Cards  February 2020 survey shows 38% of millennials and 41% of Gen Z are either currently in credit card debt or have been because of fitness related purchases. Despite the… Continue reading Going Broke to Be Fit