Debt Free Life Hacks: Managing Money Like a Boss

 Saving money and budgeting may come easy for some but can be a struggle for others. While you may have no problem restraining yourself from spending or overspending, there are some people who are very good at spending - and sometimes blowing money. Find an Accountability Partner No matter which category you fall into, I bet you know someone who is just the opposite. Maybe it's a spouse, a relative, a friend. These individuals can serve as  accountability partners . Wikipedia describes an accountability partner as "a person who coaches another person in terms of helping the other person keep a commitment."  If you are a spender, having an accountability partner who is more so a saver could benefit you greatly. If you are a saver, reach out to a spender you know and offer to be their accountability partner. What a wonderful opportunity to help yourself or someone else! What does an Accountability Partner do? You establish the rules. Say the spender has a goal to spend less...

There are two types of people in the world. Those who pay interest and those who EARN it. Which are you?  Me, I'm no fan of paying interest. That's why I try to keep debts to a minimum, if not nonexistent. I recall having a car loan twice in my life. The first time the interest was close to 6% and the second time, just under 3%. That 3% difference is a big deal. While I paid the first note off early and the other on time, the one with the higher interest rate still costed me more as far as what I paid in overall interest.  So what is the point?  Do not get caught in the neverending car loan cycle. I've heard countless stories on how people have long-term finance agreements, paying small amounts monthly, but when you look at what they pay in interest over the life of the loan it'll make your jaw drop. I mean some end up paying for the vehicle twice once you factor in the interest. Oftentimes those small notes are not even worth the trouble.  Instead of paying interest...