About Us  > Blog

Let’s Get Real About Your New Year’s Resolution

by Prosper on 01/6/12

Well, it’s that time of year again! The gym has gotten crowded and our bathrooms and kitchens are sparkling. But whether our resolutions are about health or wealth, many people will find themselves slipping off track over the next few weeks.

So are you ready to make 2012 the year that you put your finances in order? Then read on, because we have some tips for you!

1. Know What You Spend – Check your receipts and understand what you spend! Then set limits for yourself. Whether you have monthly spending guidelines or a spreadsheet solution, this is the place to start.

2. Understand Your Debt – Does your budget include payments on your credit card balances? If so, find out the interest rate on each of your cards, and sort your cards from highest-rate to lowest-rate.

3. Plan the Payoff – Use your budget to identify extra cash that you can use to pay down your credit card balances faster, starting with your highest-rate cards first. How much extra can you pay each month above your minimum?

4. Don’t Get Distracted – Just as important, remember that there will be weeks when you have unexpected expenses. That’s OK! That’s why you’re making a resolution for the whole year – take a second to breathe, and then get back on track as quickly as you can.

Of course, we would be remiss not to mention that getting a loan through Prosper can be a great way to pay down your higher-rate balances more quickly (and to simplify with a single monthly payment). We encourage you to check your rate if you haven’t already.


Leave a Comment

Prosper moderates all comments and will approve those that are directly relevant to the post. We do not publish comments that are spam, are offensive or appear to pass you off as another person.

(required)
(required) Email will not be published.
 

Comment Policy

 

*
To prove you're a person (not a spam script), type the security word shown in the picture. Click on the picture to hear an audio file of the word.
Click to hear an audio file of the anti-spam word


posted in Borrowers,Prosper News no comments »

Connect with us

Search

Borrowers

Couple’s Dream of Parenthood Comes Within Reach

By Prosper on 07/24/15   [ 0 ]

Posted by Sarah Cain Houston couple Carolina and Alex struggled with getting pregnant. Like one in eight couples in the U.S. that deal with infertility, they learned that their best chance of starting a family would be through in vitro fertilization treatment. The news improved their spirits, until they saw the price tag. The average [...]

Read More

Oregon Woman Brings Small Town Together with Cafe-Flower Shop

By Prosper on 07/15/15   [ 0 ]

Posted by Bill Walker Last year Cynthia Hickman wanted to open a cafe and a flower shop in the small town of Silverton in northwest Oregon. The town is famous for a dog named “Bobbie, the Wonder Dog” that reportedly walked 2,550 miles back to its home after being lost on a family car trip [...]

Read More

Prosper Reaches New Milestones — $4 Billion in Loans Following Another Record Quarter

By Prosper on 07/9/15   [ 0 ]

Prosper Marketplace Reaches New Milestones — $4 Billion in Loans Following Another Record Quarter

Read More

« Older Entries

Monthly Archive


Notice: Blogs and other materials posted on or linked from this page that use the name "Prosper" generally use that name to refer to Prosper Marketplace, Inc. if published before January 31, 2013 and to refer to Prosper Funding LLC if published on or after February 1, 2013.