With some of our spendiest months of the year approaching, we thought we’d try something different in October to get you prepared. We created an easy-to-follow savings challenge for the next five weeks that you can follow along with. We have created a hashtag, #SheSpendsSavingChallenge that you can use on any social media you like to track your progress and connect with other readers who are working through the challenge. We will also be checking in with you in our Facebook group each week.
Ever wonder if you could find an easier way to pay off your student loans? There are actually a few ways you can simplify the process, including refinancing and consolidation. We spoke with Bustle this week about refinancing. We’re also going to break down the two processes for you and help you decide whether it’s right for you.
Today we're tackling "good debt" aka student loans, mortgages and small business loans. These debts are seen as good because they are supposed to increase your net worth as a person.
For week one of our series on debt, we’re just going to talk about the basics. To start, what exactly is debt? Debt is a promise you make as a consumer to pay a person or a corporation back. In turn, they lend you money.