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Gen Z Can Use A Financial Cleanse To Build Economic Resilience

Generation Z is entering the workforce facing rising inflation, a crumbling economy, and mounting student loan debt with no relief in sight. Things are so bleak that parents of Gen Zers are seeing a significant impact on their own finances, with 67% of Gen Z receiving financial support from their parents, according to a recent Credello survey. As a recession looms and the job market remains volatile, it’s more imperative than ever before for young adults to start off on the right financial foot
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These Signs Mean You Need A Financial Cleanse

Much like a health cleanse can flush harmful toxins from your system, a financial cleanse eliminates bad money habits, giving you a clean slate financial foundation on which to rebuild. It’s a fresh start that won’t have you running to the bathroom every few minutes, if you catch my drift. So, who can benefit from a financial cleanse? Anyone who wants to revitalize their finances can take steps to analyze their money habits and reset them. Whether you’re struggling to rein in your debt, lack a
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9 Things About Your Credit Card You’re Too Afraid to Ask

Money isn’t the most natural thing in the world to talk about. In fact, there are plenty of people who are actually embarrassed, hesitant, or even afraid to ask questions about finances. The fear of judgment is incredibly real and pervasive in society today, especially when it comes to topics like credit card usage and credit card debt. So, let’s talk about it! Using credit cards isn’t always straightforward, and you don’t know what you don’t know — until you ask, of course. Why are people so a
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Nobody Understands How Credit Cards Work but You Can Learn

People are highly confused about how their credit card rewards work According to a 2019 J.D. Power Credit Card Satisfaction Study, only 36% of consumers fully understand the benefits their credit cards provide beyond basic rewards. In the CreditCards.com survey, 23% of respondents felt their rewards needed to be more valuable, 11% were unsure how to redeem them, and 9% found rewards programs confusing. Additionally, 9% of people cited that they were too busy to use their rewards (can you relate
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How To Earn Free Trips With Travel Credit Card Points

Anytime you see something advertised as “free,” it makes sense to scrutinize whether or not the label is too good to be true. What if I told you that you can travel for free just by using a credit card? Think it’s impossible? Think again. There are actual, real-life people who regularly use credit card points to travel. These aren’t billionaires, either — just smart with their spending and taking advantage of the perks that come with travel rewards credit cards. A recent Forbes survey found th
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The Top 30 Ways To Improve Your Financial Wellness By 2023

Setting financial goals isn’t the easiest thing to do, but it’s worth it, in the long run, to motivate you to get in great financial shape. You could set goals in terms of investments, paying off debt, completing a month of no-spend, or saving a specific amount by a certain date. A New Year calls for a new plan to pay off debt. Don’t be afraid to use financial tools like MyCredello to help you organize your money and plan to get in better financial shape heading into 2023. 2. Download a fina
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Psychology Explains Why We Impulse Spend

We live in a society driven by consumption. Everywhere you look, there’s something to buy. The pull to spend your hard-earned dollars on something that catches your eye can be tempting, but impulse spending can also have big consequences for your wallet. Even during record-high inflation, 73% of adults admitted in a 2022 survey by Slickdeals that the majority of their purchases are spontaneous. These unplanned purchases can really add up. The same survey found that the average person spends $314
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20 Ways to Fix Credit Card Debt From CFAs

“I mean this literally: go through a few months’ worth of credit card statements to really understand where your money is going,” Samuel K. Swenson, CFA, CPA, CFP, a financial planner with CGN Advisors, LLC, says. “If you’re in debt, you’ll want to eliminate adding to it by removing unnecessary expenses, or those that don’t align with any particular long-term goal of yours. To begin tackling your debt, financial counselor Ana Gonzalez Ribeiro, MBA, AFC, recommends first writing down all your ex
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The Top 35 Financial Apps to Pay Down Debt

Why do you need a debt payoff app? Debt payoff apps are one of the best ways to make sure you stay on track with getting out of debt. If you’re struggling to pay off your credit card debt, chip away at student loans, or manage your money well enough to pay down any debt at all, you’ve probably already tried to come up with a game plan. You know you need to pay down your debt, but between groceries and bills and car payments, it’s hard to find the money to pay more. That’s where these financial
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TikTok’s Top Hacks for Saving Money During the Holidays

TikTok money saving hacks are a practical way that Gen Z and millennials are taking charge of their finances. Of 600 survey participants, 61% use the viral Cash Stuffing method to manage their money. Just like your favorite hacks for cleaning or organizing from the app, TikTok’s money hacks can help you save on holiday spending. Cash Stuffing is a low-tech way to save big on holiday spending If you find yourself in an endless cycle of swiping your credit card, cash stuffing is one TikTok tip t
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Hack Black Friday Shopping with These 9 Credit Card Tips

Make a list and check it twice with your credit cards in mind Not only do you need to know what gift you plan to purchase for each person on your list, but you’ll also want to determine where you can buy it for the best price on Black Friday. Compare prices online using a price comparison plug-in. When you know where you’ll be shopping and what you’ll be buying, you can then tailor your credit card usage to the purchases you know you’ll make. This takes time and effort, but it will save you mon
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12 Money Hacks to Save on Thanksgiving Despite Inflation

How will inflation affect Thanksgiving in 2022? A traditional Thanksgiving meal will cost about 13.5% more in 2022 than it did in 2021, according to predictions by market research firm IRI. Rising costs of everything from flour and sugar for baked goods to produce for side dishes will make this year’s holiday season a costly one for consumers. Inflation is expected to continue through the holiday season, leaving many families looking for ways to save. Between inflation and a turkey shortage, t
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8 Things To Look Out For With Holiday Shopping Scams

Scams tend to increase alongside consumer spending, and the holidays are prime time for shopping. One place where fraud tends to occur is online. Just since 2019, the amount of online sales made worldwide has jumped 56%, according to market insights from Statista. This year, 57% of consumers plan to make their holiday purchases online, according to data from the National Retail Foundation. Online shopping can leave your personal information open for scammers to engage in identity theft, extorti
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Student Loan Debt True Horror Stories

Why is student debt so scary? Getting out of debt of any kind can be overwhelming, but the stress of paying off student loans can be downright horrific. Student loan debt is the second highest form of outstanding debt in the U.S. behind mortgage debt, so it’s incredibly common, but often difficult to navigate. In 2020, a LendEDU study found that 32% of people in the U.S. who file for Chapter 7 bankruptcy have student loan debt, and within that group, student loan debt accounts for 49% of a borr
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7 Helpful Tools to Manage and Pay Down Your Debt

Why does paying down debt feel so hard? Though extremely common, getting out of debt can be an overwhelming task to navigate. Whether you’re dealing with medical debt, personal loans, credit cards, student loans, mortgages, or tax debt, it takes patience, the right tactics, and the right tools to become debt free. Having a personalized plan that aligns your payoff strategy with your overarching financial goals can help decrease your debt in the way that works best for you. Just like the tech
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13 hacks for Halloween spending during high inflation

How will inflation affect Halloween in 2022? Despite soaring inflation, American shoppers are still expected to spend more than $100 per person this Halloween. In fact, a reported 69% of American consumers plan to celebrate Halloween in some way this year, according to the National Retail Federation’s 2022 Halloween trends report. If estimates hold true, Halloween spending in the U.S. could total a record $10.6 billion. But when you need to trim your spending, extras like holiday decor and part
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10 Hacks for Back-to-school Spending in Inflation

How will inflation affect back-to-school in 2022? Parents are set to spend a record $661 per student in preparation for the upcoming school year, according to a recent Deloitte study. Inflation means spending more on food, clothing, and school supplies, but savvy spending can help lessen the blow to your budget. In fact, 38% of consumers are planning to cut back on spending in other areas to budget for back-to-school in 2022, according to the National Retail Federation’s annual back-to-school s
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The 6 best credit cards for back-to-school shopping

Let’s face it. Kids are expensive. And educating them is quite expensive. In fact, 1,175% more is being spent on education for children today than it was 30 years ago. Here are some more staggering stats on the cost of raising children today if you are interested. However, let’s focus on how you can save money now and still give your child the best education possible. The best credit cards for back-to-school let you save with every swipe, earn rewards, and even help young adults start building c
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Here's How The New Apple Card Family Works — And What Your Kids Can Learn From It.

As your kids grow, you start to share a lot more beyond the last bite of ice cream after dinner. You might share your phone plan, your car, and eventually many, many life lessons. And now, you can also share your Apple Card with your kids thanks to Apple Card Family. Apple Card Family offers a new level of privacy, security, and safety for users so that parents can feel at ease letting their teens learn to use the card. With the same easy-to-use iPhone interface that Apple Card users know and l