Announcements

This week’s Community Announcements 2.21.20

Maryann
Hi everyone, Hope you’ve had a fantastic week! Can you believe there’s just one more week left in February? It’s that time again! I’m excited to share our member of the month with you all. Can I get a drumroll please? Introducing our member of the month… Daryll Boothe of Hanover, PA is the member of the month. Thank you for your contributions to our community, Daryll, and congrats! There are a lot of great conversations going on in the community this week. The Penny Hoarder’s staff writer...Read More...
As do I!Read More...
Thanks everybody. My pleasure!! I love Penny Hoarder!Read More...
Last Reply By Moore Income · First Unread Post

Community Buzz

Maybe Obvious, Maybe Not

Forum: Save Money
Jenny Waldensi
I haven't seen this addressed, so maybe when you read this you'll think "No brainer," or maybe you'll think "Ah! Another way to save money!" At that, I'll take the risk and pass it on. Here in Missouri, the State offers 2 nature magazines free of charge for any MO resident. (There is a fee for those out of state.) Missouri Conservationist (adult readers) and Xplor Adventures in Nature (for children) are colorful, glossy magazines that inform and entertain. They are great for Home-School...Read More...

Debt consolidation help in Canada

Forum: Debt
Judith Obatusa
I have close to 50k in debts, almost half of which is student loans and the other half credit cards. I recently got my first good job since relocating to Canada as a skilled immigrant almost 8 years ago with 4 children, and am trying to be more financially strong. I heard on radio about debt management nonprofits (in the US) that help consolidate one's debts, but have not been able to find any in Canada. I also heard that with debt consolidation, one can get credit card debt renegotiated and...Read More...

Motley Fool

Forum: Investment
Hi Everyone I'm checking in about a subject that's as foreign as it could possibly be. After a couple yrs now I've come to trust almost any source promoted by PH. I've wanted to take small steps in investing for awhile so just put $100. Into Motley Fool last week. Anyone have sustained interaction with them you want to share + tips or feedback? Lastly, why is it called, M Fool? Thanks in advance!!Read More...

Financial Fitness February: Day 24

Moore Income
The finish line for Financial Fitness February is just around the corner, but my goal is to finish as strong as possible. So here is what went down today: 1.) Sales on eBay Again The pattern seems to be one day of sales, one day with none and then sales again. While this isn't the best pattern, I will still take it since I am making sales still. I actually made 2 sales today. One is for a dropshipped product which has become my second best seller next to the lava lamps. Still only $5 or so...Read More...
Jon, I would love to see the dress you picked out for your wife. This is what came up when I tried to sign up for your Youtube channel. This server could not prove that it is mooreincome.com ; its security certificate expired 189 days ago. This may be caused by a misconfiguration or an attacker intercepting your connection. Your computer's clock is currently set to Thursday, February 27, 2020. Does that look right? If not, you should correct your system's clock and then refresh this page. Do...Read More...
Last Reply By MsKimberly · First Unread Post
what are the benefits of using a credit cardRead More...
The main reason most people get credit cards is the ability to make a larger purchase and make payments on it. Which, of course, builds your credit, which helps when you want to finance a car or home. As mentioned too, most have perks, such as airline miles, cashback rewards and other stuff.Read More...
Building credit (which helps determine your credit score) and getting points/rewards for using it, which works out best if you pay it off every month.Read More...
Last Reply By JeremyM · First Unread Post

Financial Fitness February: Day 25

Moore Income
Today was a pretty good day. Not a lot of financial activity, however I was able to stay busy and get some stuff done. Here is what went down for the day. 1.) Got Some eBay Listings Done I was able to get a few listings done today and I also shipped out yesterday's sale. I have found that when I consistently list 2 or 3 items a day, I end up getting more listed over time than if I try to list a big number which I end up usually failing at. Doing this is encouraging me to just stay consistent...Read More...
@MsKimberlyRead More...
Jon, give your self credit for sticking to it!Read More...
Last Reply By Moore Income · First Unread Post
Hi Team, I use the word team because I feel like we are all on the same team here at PH. I had a conversation at work today about the best way to figure out what business to start. I thought this would be a great place to start for a lot of people in the community. The Filter process. Every day lots of people come up with ideas for possible business, they think oh wow that is a problem I am having and others must have it too. This is a great mindset to have. It takes brainpower to realize an...Read More...

Credit Score impact for paying off an auto loan ?

Forum: Credit
Rick Campbell
I am curious, if I pay off my current auto loan, will it have a negative, positive or no impact? It should not be negative because the account will stay on my credit report but will be paid and closed, but will it impact the credit age or anything? Because the account will still be on my report but it will be closed and paid instead of open with a balance. Not sure if it will help, hurt or do nothing. Anyone with knowledge or personal experience please reply, thanks.Read More...
Hi everyone! Sometimes your credit will take a hit when you pay off your car or any other loan, especially if it's one of your oldest accounts. (This happened to me when I paid off my first car loan. My score fell by around 50 points, but I should note that I was a 20-something without much credit history, so the effect might have been more acute.) Your score usually bounces back pretty quickly, though. I think mine did within a few months. The important thing for credit scores is to always...Read More...
Tagging The Penny Hoarder credit expert @Dear Penny for a quick dose of her wisdom! Also, please take a look at the Q&A archive of the live chat she hosted in January. Lots of great relevant discussion took place that I think you will enjoy reading through: https://community.thepennyhoar...nny-credit-card-debtRead More...
Last Reply By Dear Penny · First Unread Post

Help recovering from slum lord

Jordan Verbjar
Me and my fiancee are thinking about suing my former landlord for lost wages moving expenses and such due to him breaking the lease and withholding security deposit...we have a go fund me page set up for family and friends to help us recover but are thinking of other waysRead More...
You need to be sure to check out tenant laws in Nebraska, most places have pretty strict laws that favor the tenants now. If what he did was illegal, then he is liable for expenses you incur and possible damages. You could see if there is a lawyer who has a free consultation and can review your situation. There are a lot of bad landlords out there and they stay bad because no one wants to fight for their rights as a tenant. In OR, they have 30 days to get you an itemized list of why your...Read More...
Last Reply By JeremyM · First Unread Post

Financial Fitness February: Day 23 & 24

Moore Income
There are some days, no matter how hard you try, you just won't quite be able to accomplish everything you hope to. Yesterday was one of those for me. We had a pretty busy day with church and then hanging out with family and before you know it, time had flown by and the day had past without me getting around to writing my daily post. But that is a good lesson in and of itself, sometimes things just don't go as planned, especially with finances. So instead of worry about it, I figured I would...Read More...
I would love to do mystery shopping, but I don't drive. Do you know if there are any online mystery shopping opportunities? That would be fantastic. Online shopping for Amazon would be excellent. Another would be if they paid to order food in.Read More...
Last Reply By MsKimberly · First Unread Post
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