5 Shrewd Secrets from Women Who’ve Fixed Credit, Paid Debt and Made Fortunes

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5 Shrewd Secrets from Women Who’ve Fixed Credit, Paid Debt and Made Fortunes
Looking for some advice when it comes to managing your money? We have stories from a former Merrill Lynch executive, a mom of nine who overcame a job layoff and a college grad who was able to pay off $100,000 worth of debt — then start her own business. They share their tips and secrets for financial success. You can even start using some of their strategies right now. Secret No. 1: Women Should Invest Differently Than Men Traditional investing companies have never really considered the fact that women statistically get paid less, yet live longer. That’s why Sallie Krawcheck, the former head of Merrill Lynch designed an investing company for women called Ellevest. With Ellevest, you can start investing with as little as $1. Plus, when you sign up through The Penny Hoarder, you’ll get a $25 bonus in your Ellevest account.* When you sign up, Ellevest will build an investing plan just for you and your financial goals. It considers gender pay differences, any potential career breaks and overall lifespan. Even better? It invests your money in women-owned businesses. Thanks to Krawcheck, we can invest exactly for our needs and feel more confident in our financial future. Secret No. 2: Be an Advocate For Yourself (and Your Credit Score) It’s easy to pass your credit score off as some silly three-digit number — that’s what most of us did throughout our early twenties anyways. But what happens when you want to buy a car? Or a house? That seemingly arbitrary number starts to play a huge role in your life. And here’s the unfortunate fact: You can do everything right, but if your credit report has an error (one in five reports do), it could be holding you back — for no good reason. That’s why it’s important to keep an eye on things. Thankfully, a free website called Credit Sesame will give you your credit score for free and help you detect any errors on your report. If you find any, it will even help you dispute them. Salome Buitureria, a working mom in Louisiana, found a major error on her report — a supposed unpaid medical bill that had definitely been covered by Medicaid. Using Credit Sesame, Buitureria fixed the mistake and took additional steps to raise her credit score from 524 to nearly 700.**  Now? She’s focused on buying a home. It only takes about 90 seconds to sign up with Credit Sesame. Secret No. 3: You’re Not Stuck With Your Credit Card Debt Wanna know something? Even if you have loads of credit card debt right now, that doesn’t mean you’ll have it forever. Heck, that doesn’t even mean you’ll have it tomorrow. What? We’re serious. One of our favorite first steps in escaping credit card debt is to refinance it with a personal loan. It might sound counterintuitive — like you’re just moving your debt from your credit cards to a loan — but the truth is, this could lower your monthly payment, save you tons of money in interest over time, and allow you to pay off your debt faster.. If you’re not sure where to start looking, use a website called Fiona. It’ll match you with a low-interest loan (rates start at 3.84%). You can then use that loan to wipe out your credit card debt. Then you’re left with just one bill to pay every month. Pro Tip When shopping personal loans, look for interest rates lower than your credit cards’ and manageable monthly payments. Oh, and don’t take out more than need to pay off your credit cards. Fiona won’t make you stand in line or call a bank. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could save you thousands of dollars. We chatted with one San Francisco resident who struggled to keep up with her credit card debt. She faced a minimum monthly payment of $274 plus $154 in monthly interest plus a $99 annual credit card fee. She said it felt like she was on a treadmill. She decided to refinance with a personal loan, which spared her from what would’ve been $14,000 in interest over time. Secret No. 4: You Can Leave Your Kids $1 Million for $5/Month If you have kids, you’ve probably worried about what’ll happen to them if something were to happen to you… For single mom Rebekah Pearsall, this was difficult to consider. “Since my son doesn’t have a biological father in his life, I wanted to make sure he was secure if something were to ever happen to me,” she said. That’s when she started looking into life insurance. Before you start thinking you don’t have the time or money for that, look into policies through a company called Bestow. It offers $1 million policies starting at only $5 a month. Your application shouldn’t take more than about five minutes. You can change or cancel your plan at any time. Plus, the security of knowing your family is taken care of is priceless. Pearsall had seen firsthand the benefits of life insurance; her childhood friend lost his dad and life insurance helped his family make it through that time financially. It takes only a few minutes to get a free quote. Secret No. 5: You Don’t Have to Have an MBA to Start a Business If you dream of starting a business, don’t let the fact that you don’t have a business degree from an Ivy League school hold you back. (Yeah, imposter syndrome is the worst.) We’ve talked to plenty of women who’ve successfully started businesses on their own. Here’s a story that really resonates with our frugal hearts: The Budget Mom. After graduating college, Kumiko Love had $100,000 worth of debt — student loans, credit cards and medical bills. All that good stuff. Still, she had trouble sticking to a budget. So she gave up. Then she started studying the psychology behind money and that gave her a renewed hope: She started viewing her situation through a positive lens. She combined several budgeting tactics and started logging her process through her blog, The Budget Mom. And guess what? Love is now debt free and she recently quit her full-time job to focus on her seven-figure business, The Budget Mom. *The Ellevest The Penny Hoarder promotional offer is valid for the first 1,000 new clients of Ellevest who enter through this designated landing page. Clients who enroll and fund their non-retirement account will receive $25 added to their highest priority goal in their Ellevest account. Clients who enroll and fund their retirement account will receive a $25 Amazon gift card which can be redeemed by visiting www.amazon.com. Please review Amazon.com Gift Card Terms and Conditions prior to redemption. Ellevest is not responsible for lost Amazon Gift Cards. Ellevest’s processing time for depositing $25 into a client’s Ellevest account or delivery of a $25 Amazon gift card may be up to 60 days. **Credit Sesame does not guarantee any of these results, and some may even see a decrease in their credit score. Any score improvement is the result of many factors, including paying bills on time, keeping credit balances low, avoiding unnecessary inquiries, appropriate financial planning and developing better credit habits. Carson Kohler (carson@thepennyhoarder.com) is a staff writer at The Penny Hoarder. This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017. [...]
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15 Things You Should Always Buy at Yard Sales

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15 Things You Should Always Buy at Yard Sales
Yard sales are the ultimate form of recycling. Whether your neighbor is hawking a souvenir spoon collection on her lawn or your church has gathered congregants’ donations for a fundraiser, you can dig up some hidden gems. Plus, pat yourself on the back: Giving these items new life will likely save trash from filling up a landfill. Here’s a look at things you’d be smart to snatch... [...]
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EXPO Low-Odor Dry Erase Markers, Ultra Fine Tip (8 count) only $5.80!

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EXPO Low-Odor Dry Erase Markers, Ultra Fine Tip (8 count) only $5.80!
This post may contain affiliate links. Read my disclosure policy here. Grab a set of these EXPO Low-Odor Dry Erase Markers, Ultra Fine Tip for this great price! Amazon has these EXPO Low-Odor Dry Erase Markers, Ultra Fine Tip (8 count) for only $5.80 right now! This is a great deal on these markers! Sign up for a free trial of Amazon Prime to get free 2-day shipping. And don’t forget you can sign up for Swagbucks to earn free gift cards to use on deals on Amazon. Looking for more Back to School Amazon deals? Paper Mate Pink Pearl Erasers, Large, 12 Count for just $4.29 Ticonderoga Pencils, 96-count for just $9.96 Thermos Funtainer 10 Ounce Food Jar in Teal for only $9.03 EXPO Low Odor Dry Erase Markers, Chisel Tip (16 count) for only $10.94 Learning Resources Calendar & Weather Pocket Chart for only $17.63 BIC Xtra Smooth Mechanical Pencils (40 count) for only $6.63 Skip Hop Zoo Kids Unicorn Insulated Lunch Box for just $8.88 Westcott School Left and Right Handed Kids Scissors (12 pack) for only $9.98 when you clip the $2.50 off e-coupon! Elmer’s All Purpose School Glue Sticks, Washable, 60 Pack for just $14.87 Crayola Washable Gel Pens, 14 count for only $7.94 Be sure to check out all of the Best 2019 Back To School Deals! Don’t forget you can also sign up for our daily email newsletter to get all of the best back to school deals emailed to you every week! And be sure to check out my post on 5 Simple Ways to Save on Back to School Deals. Thanks, Passionate Penny Pincher! [...]
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Kinetic Sand Folding Sand Box + 2 Pounds Of Kinetic Sand

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Kinetic Sand Folding Sand Box + 2 Pounds Of Kinetic Sand
This would be a great gift idea to grab now and use later for your kiddos. You can order the Kinetic Sand Folding Sand Box + 2 Pounds Of Kinetic Sand for only $20.69. You will be saving 31% on this purchase it is usually $29.99. Be sure that you grab this deal soon because ... Read More about Kinetic Sand Folding Sand Box + 2 Pounds Of Kinetic Sand The post Kinetic Sand Folding Sand Box + 2 Pounds Of Kinetic Sand appeared first on Penny Pinchin' Mom. [...]
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Use ‘Virtual Malls’ to Rack Up Airline Points on Your Next Hotel

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Use ‘Virtual Malls’ to Rack Up Airline Points on Your Next Hotel
Savvy travelers know that if you sign up for a hotel’s rewards program you can earn points redeemable for future travel. Even savvier travelers know that if you make your booking with a co-branded credit card that partners with the hotel chain, you can earn even more points for the same stay. But not many... June Casagrande is a writer at NerdWallet. Email: travel@nerdwallet.com. The article Use ‘Virtual Malls’ to Rack Up Airline Points on Your Next Hotel originally appeared on NerdWallet. [...]
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Is Dollar Tree Raising Prices?

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Is Dollar Tree Raising Prices?
Did you hear about the possibility of Dollar Tree raising prices?! I really hope this doesn’t end up affecting how much I love Dollar Tree!! {Be sure to check out my lists of 25 Things to Buy at Dollar Tree and 5 Things You Should NOT Buy at Dollar Tree!} Not everything will be $1 at Dollar Tree anymore?? Wait…what?! Isn’t that the whole point of Dollar Tree? I was sad to see that Dollar Tree recently announced they’re introducing multiple price points on some of their merchandise. These items will be called Dollar Tree Plus! multi-price point products. For now, it looks like this pricing will only be tested in select stores across the country to see how it goes. Have you noticed this pricing being tested at your store yet? Nothing is official quite yet, because depending on how consumers respond to the test, they may or may not keep this multi-pricing model. Does that mean Dollar Tree is raising prices? Well, not technically! The good news is that during this testing phase, they will not raise prices on their current assortment of products that are already priced at $1. I’m hopeful that the test phase won’t be successful and Dollar Tree will stick with their original pricing. Why I love Dollar Tree so much The main reason I love Dollar Tree so much is that I know I can go into the store and expect everything to be $1 or less! That’s the beauty of it! I really hope this doesn’t affect the great $1 value items you can currently get at Dollar Tree. I also wonder if I’ll eventually have to update my list of what NOT to buy at Dollar Tree. We’ll have to see! Have you noticed any of these price changes/tests happening at your store? Let us know in the comments. Related Links: My 25 Favorite Things to Buy at Dollar Tree 5 Things You Should NOT Buy at Dollar Tree 21 Valentine’s Day Deals at Dollar Tree 23 Stocking Stuffer Ideas from Dollar Tree [...]
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Old Navy Flip Flop Sale 2019

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Old Navy Flip Flop Sale 2019
This post may contain affiliate links. Read my disclosure policy here. Woohoo! The Old Navy Flip Flop Sale is BACK again this year! Get ready to score flip flops for just a buck, plus there are some fun twists this year!! {Looking for more summer flip flop fun? Don’t forget about Tropical Smoothie Flip Flop Day, too!} Old Navy Flip Flop Sale 2019 Mark your calendars! Old Navy will once again be having their incredibly popular $1 Flip Flop Sale this year on Saturday, June 15, 2019. You’ll be able to get select styles of solid color flip flops for just $1 in-stores or online. There’s a limit of 10 pairs when you shop in-store and a limit of 5 pairs when you shop online. If you’re shopping in-stores, I recommend getting there early, because they usually sell out super fast! Free Flip Flops with Purchase But that’s not all! If you make a $24+ purchase before 12 p.m., you’ll get a FREE pair of flip flops! Just make sure you make your purchase before noon local time in-stores and before noon PST online. Find The Golden Flip Flop It looks like they’re adding some extra fun this year for a bit of a twist on their traditional flip flop sale. This year, they’ll be hiding golden flip flops throughout each store and within the pages of their online site. If you find a golden flip flop, you get a 24% off coupon online or a $24 coupon in-stores. You’ll also be entered to win $24,000 in a sweepstakes giveaway. Go here to get some tips on finding the golden flip flops. Will you be grabbing flip flops at Old Navy this year? We’d love to hear in the comments! [...]
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