"How To Money" With Joel Larsgaard

"How To Money" With Joel Larsgaard

Listen to "How To Money" With Joel Larsgaard on Sundays from 12 PM to 2 PM.Full Bio


How to Money

Online Shopping and Credit card Payment on digital e-commerce Website gateway

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Joel covered a lot this week, so here's a quick outline of what you need to know to get yourself on your way to financial happiness:

Interest rate hikes have been top of mind for a lot of people throughout the past couple weeks. Even though this is already good news for savers, people with credit card debt may not be as thrilled. If this is you, we have some advice. Write down your debts, pay the minimums on all but one, and focus your money on one credit card debt. Do this until you're all paid up. On top of that, you can also use a 0% APR Balance transfer card for a little extra help.

For some good news, banks are eliminating overdraft fees. This means that if you're part of a bank with fees that include maintenance and overdraft fees, it may be a good time to switch banks!

As the seasons are changing, your house is not the only thing you should be cleaning. Now's a good time to spring clean your finances. Here are 10 ways you can do this:

  1. Update your budget
  2. Open a high yield savings account
  3. Consolidate old banks
  4. Roll over your 401(k)
  5. Create a debt payoff plan
  6. Organize your documents and passwords
  7. Sell your stuff
  8. Revisit your goals
  9. Set up your sinking funds
  10. Create a credit card strategy

As we budget our money, we often focus on smaller things such as entertainment and eating out. However, there are some bigger things that you may be able to live without. One of these things may even be your car There are plenty of pros and cons of living without a car so check out the article and decide if it's right for you!

Finally, prescription medicine can be pretty expensive. There are a couple websites that will help you get cheaper prescription medicine, such as costplusdrugs.com and GoodRX. Check them out!

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