If you’re struggling with credit card debt you’re not alone. In fact, the average card-carrying adult has a balance over $5,000 on their plastics. You may be in good company, but you’re not in a good position! Once you’re in debt those credit card interest rates can to start accumulate quickly, making it hard to get on top of your finances.
Whatever special event you may be planning, budgeting is essential to ensure costs don’t spiral out of control and put you in debt. Even professional party planners will tell you that when there are multiple vendors and fees it can be easy to lose track of expenses. So, before calling the caterer or DJ, make sure you have a good idea of what you can reasonably afford and set a budget.
Ready to pop the question, but not sure whether you can afford the ring? Luckily you don’t have to derail your engagement plans over the high cost of a forever stone. We’ve compiled some advice on how to set a ring budget and pay for it, and pop the question – all without derailing your financial goals.
We all look forward to a fresh start in the new year, and our finances are no exception. Last year one of the most common New Year’s resolutions for 2017 was to save more money, but 80% of all resolutions had failed by February. You don’t have to become a statistic this upcoming year by setting unrealistic goals or failing to commit.
The holidays are supposed to be a happy time, but for too many people, the financial strain of travel and gift-giving can cause a great deal of stress. This year could be even worse than usual: The American Psychological Association’s 2017 Stress in America survey found that the U.S. is already at its highest stress level on record going into this holiday season. Yikes!
Three years ago, we introduced the #MyProsperStory as a way to get to know our community, and better understand how Prosper can positively impact financial wellness. This year the response from the Prosper community was overwhelming!