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Cheri Wool

Cheri Wool
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Sodipo Taiwo

Sodipo Taiwo
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Re: Hello new members!

Melissa ·
Hey there! My name is Melissa. I'm a Community Relations Specialist at The Penny Hoarder. My primary financial goal is to pay off my credit cards!! Credit cards can be amazing but they make it so stinking easy to over spend. A follow up goal of mine, is to track my spending on paper each month and stick to a limit. This way I'll remember each credit card swipe and hopefully I won't rack up credit card debt like this again!
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Re: What are some really effective ways to boost a credit score?

Deven ·
If you can afford to, all at once ! It stops the bleeding immediately. By bleeding, I mean all the interest that's tacked on each month. If you can't do it all at once, definitely cut off the highest interest one first, by paying the minimum payment required on the lower interest rates and throwing the excess on the highest interest one. Once you've reached zero balance on a card, just leave it at $0. You don't need to use it and you definitely shouldn't close it because closing that account...
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Re: What are some really effective ways to boost a credit score?

Adam ·
If you're just establishing credit, a secured credit card might be good. They usually make you pay a deposit to start the card, then after a certain amount of successful payments, they give you the deposit back plus interest and you graduate to a way better credit card with a better APR.
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Re: What are some really effective ways to boost a credit score?

Briana ·
@Deven @Adam thank you, thank you! These are great tips. I actually looked into a balance transfer card to cut out the interest for a certain number of months - that way it holds me accountable to actually pay off the card by that time.
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Re: Hello new members!

Jules ·
Hey everyone! I'm an SEO Specialist for The Penny Hoarder. I'm currently working to pay off some credit card debt, and I'm very excited to join you all on this journey!
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Re: What are some really effective ways to boost a credit score?

Drumtrip ·
@Briana I used to work for a credit card company! Some of the best ways to quickly boost credit scores. 1) Don't close credit cards, especially your oldest one. Instead you can just shred the card if you never intend to use it. This keeps your credit line open on your credit report. 3) Ensure you have enough credit, this sounds counter intuitive but having the right amount of credit in good standing shows that you can handle it and helps in the algorithm, even if you pay it off every month.
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Re: What are some really effective ways to boost a credit score?

Briana ·
These are all great tips! Thank you so much! I was always questioning whether I should close one of my cards or not, so now I have my answer.
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Re: What are some really effective ways to boost a credit score?

Kirsten Cherry ·
I was always told to stay away from credit cards. Even as an adult, I had moved out of the house and lived on my own for 7 years without having a credit card. So what I struggle with is lack of credit. I got my first credit card a year ago and then a few months after that, I bought my first car that required a loan. I have a decent score but hardly any history. I guess I just have to play the waiting game?
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Re: Budgeting for 2019!

Nicole ·
We live on a strict budget but do use the credit cards for everything to get the cash back bonus each December. I have had to create a new budget column (Last August) for hospital parking for when we can't get the free parking on the street. I make a grocery list each month to do our big monthly shop & stick to the dollar amount, there are no extras, milk & produce is bought weekly after that with the remainder. The credit card is paid off in full each month. With the credit cards...
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Re: Hello new members!

Deon Christie ·
As an SEO specialist at the Penny Hoarder, allow me to say " Outstanding Job! ". I would be over the Moon if my blog could be 10% as popular with regard to search traffic.
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Re: Hello new members!

Moore Income ·
Hi all! I am really enjoying being a part of this great community of people coming together to help each other navigate the huge topic of finances. My name is Jon Moore, I am 23 years old and I just got married in July 2018. My wife and I have a little bit of credit card debt to pay off (3 months is the goal) and then a car loan. I have recently been reading a lot of books about personal finances and learning principles such as paying yourself first, living below your means, investing in...
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Re: Hello new members!

BeckAtsila ·
Hey! My name is Becky Oberg and I'm a writer by trade who works in a restaurant by day. Penny Hoarder has helped me get several side hustles going and helps me to live a comfortable life even though I'm on SSDI. I'm trying to pay off my credit card debt and would like to come off disability while still being able to afford my treatment--unlikely, but nothing ventured, nothing gained. I have a blog with occasional money-related posts, but I'm planning on launching an online arts and crafts...
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Re: How To Save Money on Groceries

Nicole ·
I am a big time couponer (in Canada) but I have noticed that the coupons are getting a little more scarce since the fall. I have a recipe box (well 2 actually) that I bought at the dollar store & some blank recipe cards (my MIL gave me hers that she doesn't use) & wrote titles on them to create dividers. One is dedicated to Grocery Shopping specifically. I have dividers for grocery departments such as Produce, Deli, Dairy, Meat, Cereal, etc that sort my coupons into as I get them (so...
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Re: Newest member

Scotirish ·
As I recall, they did. At the banquet we had a Q & A exchange and surprisingly, or maybe not so surprising the parents of the kids had many more questions then the kids themselves. Other community members got involved as well providing tickets to a Sox/Yankee game and donating more baseball card books. The students all received Certificate of Achievement Awards This was all done with just the thought of an idea and follow through and an amazing thing was born.
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Re: Debt Pay Down Tool - Now THIS is Cool!!!

Bonnie Squires ·
thank you this is my biggest thing now credit card debt and a light bill from our old place than my house payment
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Re: How to build your credibility through recognition

Deon Christie ·
Hi Bonnie, A free blog is always a great option on a tight budget. But if you want to actually rank any blog or website a dedicated owned domain is crucial. Like with your second website, the layout of which I admire. Really great design Bonnie, well done! However, I do see one necessity you may want to look into. Your site "bonniestuff" does not have the https protocol enabled. Which can easily be done by contacting your hosting provider. And ask them to register an SSL certificate for the...
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Re: What do you do when you have a surprise expense?

Moore Income ·
My tendency has been to just put it on a credit card, however I don't think this is the most financially sound thing to do. Thankfully there haven't been too many "surprises" recently but it is something I believe we should all take into account. There is a bill coming up that we thought was supposed to be covered by insurance but might not be. If it ends up not being, that will set us back a bit. It might make us not be able to pay off our debt quite as fast as we hoped, but we are...
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Re: What do you do when you have a surprise expense?

Deon Christie ·
Unexpected expense requires planning upfront, something like a linked account to your primary bank account for instance. Money in a linked account cannot be accessed by using your bank card, because you have to transfer money from said linked account. Not all financial service providers may offer the option, but I'm glad that mine do. Every month, just put a few bucks (as much as you can afford) into said linked account. And forget about it, because that is your safety net. So when you do...
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Re: Hello new members!

Deon Christie ·
I know the feeling @Melissa . Also landed myself in the hot water with credit cards a few years back. In fact I paid them all up, and cancelled them. Then worked up a little money on the side. This way I have never really needed credit cards again. I'm a blogger, aspiring writer and affiliate marketer. Which is also how I managed to generate that little backup cash on the side.
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Re: What do you do when you have a surprise expense?

foodie26 ·
I generally put it on a credit card then ramp up my side gig hours to pay it off sooner than later.
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Re: Hello new members!

pikushi ·
Hello, everyone! My name is Jenny, and I am from Schaumburg, IL. I am currently working on paying off my credit card debt! I started last April with about 21k in debt, but now I am at just a little under 14k. Penny Hoarder has given me a lot of great ideas for paying off debt as well as changing my mindset toward finances. Right now, I'm in the process of transferring most of the debt over to card with no interest on balance transfers - another idea I got from PH!
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Re: Hello new members!

Deon Christie ·
Welcome to The Penny Hoarder Community @pikushi . And a great site indeed, I have to agree. This is a very active community I have to add, and growing rather rapidly.
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Re: What do you do when you have a surprise expense?

proffkakap3 ·
If I have emergency money like I'm building, I would rather use that so I will not have any debt. Meanwhile I might use just a little bit of credit card and part emergency fund so I will not to have a lot of debt
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Re: What do you do when you have a surprise expense?

ERoberts ·
I don't have a credit card, so I am limited to pulling from my savings account. While I admit that it IS a visual nightmare seeing your balance drop when your car needs new tires or a cooking accident lands you in the ER for some stitches, I prefer being able to see everything I have to the ominous looming of an unpaid cc balance that might end up costing me more money in the long run. To combat these unexpected expenses, I go on a "lifestyle diet" for the remainder of the month; no more...
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Re: Hello new members!

Maureen Sullivan ·
Hello friends, I am Maureen and I currently live near Charlotte NC. My husband and I are what all Penny Hoarders would call a success story. 22 years ago he was a student, teaching part-time, I was a sales rep, we had a toddler and another one on the way, we received WIC and we had no insurance. Fast forward to October 2018: we bought a 100 year old farmhouse on 2.5 acres, which will be paid off in two years (there is a penalty for paying it off sooner than that). We will be selling our...
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Re: Payday loans - essential or evil?

Former Member ·
I was listening to The Indicator podcast the other day, which focused on payday loans. It shared the story of a woman who got a payday loan when she had a financial emergency, but then it spiraled out of control when she could never catch up after taking out that one loan. She explained that she would use a credit card to pay off a loan, then a new loan to pay the credit card, and so on and so forth. She's in a better situation now, but it helped put into perspective how an emergency...
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Re: The Financial Benefits of Living Your Best Life

Bonnie Squires ·
For me I'm home most of the time with my husband because he needs 24/7 care but i'll be getting a library card and checking out some books to read. To i got a bum knee and need that checked out having problems walking. I use to walk allot its one thing i loved to do and it kept the weight off of me.
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Re: How Did Your Upbringing Shape Your Relationship with Money?

LauraD ·
My parents always tried to give us everything we needed/wanted growing up. Even through we were a single income household and my dad worked 2 jobs my whole life. There was always credit card debt and no savings, so when i grew up and got married it was the same thing with us. My ex-husband never wanted to deny ourselves anything, new car, vacation or eating out. At the time of our divorce i was stuck with some monster debt in my name. I finally woke up and realized that it has to end, i was...
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Re: How Did Your Upbringing Shape Your Relationship with Money?

ERoberts ·
Hi Laura, You bring up an interesting point! Joint finances are not something I have any experience with and I can imagine makes saving so much more difficult when you and your spouse have different money management styles. I think it is awesome that you have taken the time to reflect on the consequences of past decisions and are consciously making a change, especially after a tough life event like a divorce. Thanks for your insight!
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Re: How Did Your Upbringing Shape Your Relationship with Money?

Kirsten Cherry ·
I think one of the best thing I learned from my parents was the never spend more than you have. The thing that has gotten me in the most trouble was having such a negative outlook to credit cards. The two go hand in hand. But it wasn't until I was 24 that I opened my first credit card. I didn't have 0 credit, I had zero credit! As in no credit! It's super important these days to have credit, especially if you want to finance a car or a home. So that piece of financial advise has been the...
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Re: What do you do when you have a surprise expense?

Kirsten Cherry ·
We had some car troubles on both of our cars the last few months. It has cost us around $1200 to get it all fixed and we didn't have to dig into our savings. We decided to pay what we could with our debit card, then put the rest on our credit card and pay off the credit card when we get our next paychecks. It worked out perfect! We used to do something similar with money from our savings. We would transfer it to our checking account to pay a bill, then put it back once we got paid. We hated...
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Re: What to do with this site.

Deon Christie ·
I agree with @Moore Income , the site does need a little work @Bonnie Squires . You may also want to look at registering an SSL certificate. And enable the https protocol. People are more likely to enter personal details like credit card details and email on a secure site. Hope this helps.
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Re: Hello new members!

Deon Christie ·
Hi @ThrifTchic and welcome to the community. The knowledge you have is all you need to generate an income online. I'm an affiliate marketer and blogger. And often turn knowledge into an online product like an eBook. Have you ever thought of turning your knowledge on credit card debt and paying off a mortgage fast into a digital product? I can help you do that and publish on Amazon at no cost.
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Re: Hello new members!

MissyD ·
I don't owe but on one credit card and that will be paid up the end of this month. When I first posted on Penny Hoarder I was looking for a work at home job. I have seen nothing about one since except one man posted they all are not what they seem. I am not looking for public work. I have worked 37 years and no more public work. I was a CorrectionL Officer then after I retired I worked as a substitute teacher for a year. That was enough. I would now like something at home. I coupon and look...
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Re: Payday loans - essential or evil?

Arthur Pember ·
Payday loan companies are responding to a market. They charge the high interest, because they can. Other than the unusually high rate they are not too much different than other companies that offer credit and loans. They all charge what ever the market will bear. Think of the actual rate of interest you pay on a credit card, if you only pay the minimum required amount. People who use their credit cards for convenience paying them off in the grace period or as quickly as possible pay little...
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Re: Budgeting Apps?

Nikki Charlene ·
I think there needs to be a app that includes all 3 credit scores updated whenever there is any type if a change what so ever and have the ability to dispute or fix it in the same app, Also a app that gives you the option to add all of your Bill's, Credit cards and will give you your payment dates and auto pay them for you Kind of like give them access as if they are a personal financial advisor and credit asst where they also do what is best to raise your scores etc... Shows you which cards...
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Re: Payday loans - essential or evil?

AnnieB ·
The post office does not need to be in the payday loan business. Do we really need the government involved in another industry? They have enough problems. My issue with payday loan companies has nothing to do with interest. Remember, I said up thread that I have worked in the industry. My issue is with the collection practices. If you default on a credit card, you're receiving annoying mail and the occasional phone call. You may even end up receiving a judgment and a garnishment. Do the...
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Re: Payday loans - essential or evil?

Moore Income ·
Wow! That is pretty crazy @AnnieB ! That definitely sounds a lot worse than if someone were to simply fall behind on credit card payments!
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Re: What are some really effective ways to boost a credit score?

Sue sweet ·
Re: What are some really effective ways to boost a credit score?
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Re: REBUILDING CREDIT AFTER BANKRUPTCY

LadyLxD ·
I filed bankruptcy and it was finalized in 2012. My mother put me on her Kohl's card as an authorized user and by her having that card for years, plus her excellent pay history and minimal usage, slowly put my credit score up into the 600's. Fast forward to 2014 and I was able to get my own store card b/c I was already associated with her card and I carefully built my credit from that. In 2016 I was able to purchase a home with my husband, credit was in the 700's, even with the bankruptcy...
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Re: How Do You Effectively Save Money On A Consistent Basis?

mintjulep ·
I rarely buy anything that is not on sale and I double up advertised sales with coupons, and then use money saving apps like Ibotta and Checkout51 to get money back or credit towards gift cards at Amazon or other retail venues. I now own a credit card with a good rewards program match for us, which is cash rebate instead of discounts for gas, travel, restaurants etc, so I charge everything and pay off the balance every month. I would not do this if it was necessary to make monthly payments!
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Re: How Do You Effectively Save Money On A Consistent Basis?

Moore Income ·
Thanks for sharing all those awesome ways to save @mintjulep I should probably visit my local library, (we have several in town) and see if they offer any similar programs. I have been buying a lot of books recently but they take up a lot of space and we are trying to downsize. The library might just provide a good alternative, I don't know why I haven't thought about that! I agree with you on the credit card rewards programs, they can be tricky!
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Re: Can Drinking Coffee Affect Your Finances?

Moore Income ·
I can relate @KellyFromKeene It really does affect other areas when you pay attention to this small area. I had been going 2 or 3 times a week but this month I decided to really cut back. My goal was not to buy any, but I did cave in recently and bought one, but it was mostly because I have been going to the coffee shop and using their WiFi every morning so I figured I should probably buy something or they might catch on and give me the boot. Besides that, I have purchased one other coffee...
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Re: Can Drinking Coffee Affect Your Finances?

Olivia ·
Generally I make my own at home. But for a treat we hit Panera. I get gift cards in exchange for doing surveys, so there's no out of pocket expenses, plus with a loyalty card they throw in free offers.
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Re: How Did Your Upbringing Shape Your Relationship with Money?

BeckAtsila ·
When I was four, my across the street neighbor told my mother "Pennies add up to dimes, and dimes add up to dollars." That made an impression on me for some reason. I come out of an affluent background, but my parents were extremely conservative about money--it was never discussed because it was considered rude, but we always considered money. I developed a trait of bragging when I got a good deal on something--when I moved to Texas it blew my mind that people would brag about how much they...
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Re: How Did Your Upbringing Shape Your Relationship with Money?

mintjulep ·
I never knew we were not rich. I was raised in a small Midwest farm community and there was not a lot of diversity in incomes that I was aware of. My parents were children during the Depression so that ingrained a lifestyle when they were adults that they passed along to me. I went a little nuts when I started making my own income, but I also ran into some very lean years when I had to put everything on a charge card and that "sobered" up my frivolity pretty quickly. It did not take long for...
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Re: Anyone ever use the survey site MyPoints?

Moore Income ·
@Briana I will be sure to keep you in the loop. I am really liking Credit Sesame so far because it gives me a really nice overview at how I am doing financially when it comes to debt. I have been considering taking their recommendation to sign up for a card to increase my debt to available credit ratio but since I just paid off a major balance I think it will put me below the 10% usage that they recommend. If that is the case, I technically wouldn't need the card and I am interested to see...
 
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