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 We do not publish comments that are spam, are offensive or appear to pass you off as another person.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(required) Email will not be published.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

Prosper Reports Record First Quarter

By Prosper on 05/21/15   [ 0 ]

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

Fertility Treatments in the United States: Sentiment, Costs and Financial Impact

By Prosper on 05/20/15   [ 3 ]

Overview From April 16 – 21, Prosper Marketplace sponsored a study of 213 American females between the ages of 25 and 54 from MarketCube, a research panel company, about their experiences trying to conceive a child with fertility treatments. Each respondent had to meet the following criteria to participate: Female Between 25 – 54 years [...]

Read More

Prosper Marketplace Survey Finds Cost is the Biggest Cause of Concern for Women Considering Fertility Treatments

By Prosper on 05/20/15   [ 0 ]

By Cheryl Law In February of 2015, Prosper Marketplace announced that we had acquired our first company – American Healthcare Lending (now Prosper Healthcare Lending). Since that time, we’ve learned a lot about the healthcare industry and the opportunity to bring a consumer-friendly personal loan product to people who need to finance medical procedures. As awareness [...]

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.