Fit My Money: Only Right Money Moves

Emily Morgan, financial writer

Last Updated March 26, 2020

Surviving the COVID-19 Outbreak & Quarantine [Financial Angle]

The global spread of the COVID-19, a new type of coronavirus, lasts from December till now and won’t stop soon. The situation in the world has heated up after the border closure in Europe and the U.S.

Lots of people are seized by panic, while mass media spreads the newest information and makes a disappointing forecast. Truly, there is no reason for dread. Keeping the basic safety instructions and staying at home, you reduce the risks of infection.

Another trouble is a financial crisis. The global economic situation has completely changed in the last few weeks, and the course of future events is still uncertain.

Emily Morgan, financial writer

Last Updated March 27, 2020

How Much Should You Have in an Emergency Fund? (Expert Roundup)

You have definitely heard the advice that you’d better have an emergency fund to pay for unexpected expenses thus protecting yourself from unanticipated events. Money philosophies may differ, but most financial experts agree that for a healthy financial plan it’s necessary to have some cash set aside for emergencies.

We are sure that guessing is not the best way for making financial decisions. So we decided to ask financial experts what would they answer to a person asking “How much money should I have saved in an emergency fund?” And we’ve got a bunch of great tips we can now share with you.

Emily Morgan, financial writer

Last Updated March 18, 2020

Lifestyle Inflation Definition and How to Cope with It

Has the quality of your life changed since graduation? Have you started making more purchases once you’ve been promoted?

Did you know that such changes in life have a special name? We are talking about lifestyle inflation.

What does it mean? Why does it happen? Are there any negative impacts it may have on your financial stability?

Read on to learn more about this notion and the best ways to manage your lifestyle inflation.

Emily Morgan, financial writer

Last Updated March 24, 2020

Where to Find Help to Pay Rent? Here Are a Few Prompts

Considering the fact that many people tend to live paycheck to paycheck trying to make ends meet and don’t have emergency savings ready to support through the hard times, it’s not surprising that many consumers need help paying rent.

Often this short-term hardship happens during the employment changes, important life events or urgent health issues that require lots of funds. As a result, people think “I need help paying my rent asap”.

Here are the best options and the most comfortable ways out of this temporary issue. Select the most affordable and suitable solution for you.

Good Nelly, financial writer

Last Updated February 14, 2020

Debt Avalanche – How You Can Use It to Get Out of Debt

The person, who has been in debt, can understand the real pain. All the time you feel stressed and think about how to solve the problem. Well, you can give it a try to solve your debt problems yourself before resorting to professional help.

One of the DIY methods to solve your credit card debt problems is by using the debt avalanche method. You can use this method to repay your multiple bills and get out of debt completely.

Check out how debt avalanche method can help you to repay your debts.

Emily Morgan, financial writer

Last Updated February 14, 2020

How to Get Medical Bill Assistance When You Can’t Afford the Cost

Even those who are young and healthy need to think about their future beforehand. A medical emergency may hit you or anyone from your relatives all of a sudden leaving you unprepared. The healthcare is really expensive in the USA, so facing an urgent illness or medical procedure can reach thousands of dollars.

How can you afford to pay the hospital bills?

Here is your guide on how to get medical bill assistance and cover the costs even if you don’t have health insurance.

Jim Blankenship, CFP®, EA

Last Updated February 28, 2020

Social Security – Your Most Frequent Questions Answered by Jim Blankenship, CFP

Here you'll find the answers to the following questions:

Social Security is a social insurance program, designed to provide retirement, disability, and survivor benefits to those who are eligible. The benefits are paid for by the withheld tax on current workers’ earnings.

That is to say, those individuals who are retired, or disabled, or whose spouse or parent has died, are able to receive Social Security benefits because other individuals are currently working, earning dollars that are taxed by Social Security.

Emily Morgan, financial writer

Last Updated February 26, 2020

How to Repair Credit? Do It Yourself or Apply to the Best Credit Repair Companies

"In times past, your social security number was the most influential number known to man… However, there is a three-digit number that is giving the social security number a run for its money…"

- Cornelius J., The Credit Repair Book: The Credit Repair Company's "Secret Weapon"

Have you ever thought about improving your credit score? Do you know how many benefits you may get if you finally manage to do it?

In fact, boosting your score may result in having lower interest rates for various loans and better lending options.

Emily Morgan, financial writer

Last Updated February 14, 2020

DoughMain Financial Literacy Foundation – Interview with Robert M. Church

Emily Morgan, financial writer

Last Updated March 16, 2020

How to Reach Your 2020 Financial Goals with Budgeting Worksheets

Annual income – twenty pounds, annual expenditure – nineteen six, result – happiness. Annual income – twenty pounds, annual expenditure – twenty pounds, result - misery.

- Wilkins Micawber, a clerk in Charles Dickens's 1850 novel David Copperfield

Americans know they need to create a household budget and stick to it. But do you know how many Americans follow it? Well, the answer may surprise you.