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 We do not publish comments that are spam, are offensive or appear to pass you off as another person.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(required) Email will not be published.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

Hair Salon Owner Takes Her Business on the Road

By Prosper on 06/30/15   [ 0 ]

Posted by Sarah Cain When blow dry bars started popping up across the country recently, Jennifer Johnson saw a new opportunity and a way to refresh her 17-year hairdressing career. She decided to add a mobile service to her current salon, Pro Do Blow Dry Bar, based in Salt Lake City, Utah. Mobile blow dry [...]

Read More

Getting Back on Track Financially After the “American Dream Gone Wrong”

By Prosper on 05/27/15   [ 0 ]

Posted by Bill Walker When Sarah Thomas, a single mother, wanted to provide her young son with a better life, she decided to pursue a Master’s in nursing. She had high hopes for their future, but she found herself instead in the American Dream gone wrong. “I pursued an education and ended up with a [...]

Read More

Prosper Reports Record First Quarter

By Prosper on 05/21/15   [ 1 ]

Prosper Marketplace just closed out our first quarter and we’re very pleased to report that it was our strongest yet. In the first quarter of 2015, Prosper facilitated a record $595 million in loans through the platform, up 200% from the first quarter a year ago. We attribute this to the increasing awareness of Prosper [...]

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.