CareerBuilder vs Indeed: Which Site Helps You Find Job Seekers More Efficiently?

It takes talent to find talent, but the right job board can make things easier. So we’re comparing CareerBuilder vs. Indeed, two of the most popular boards around.

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.

Source: thepennyhoarder.com

How to Get Out Of Debt Fast When You Don’t Have Much Money

The post How to Get Out Of Debt Fast When You Don’t Have Much Money appeared first on Penny Pinchin' Mom.

How do you get out of debt when you are broke? After all, if you had the money,  you would not be in debt in the first place.  Right?

I hear this from people, just like you.  It is often not how much money you make, but the debt payoff plan you are using that is not working.  It is possible to get out of debt with no money; you just need to learn how.

get out of debt

There are plenty of inspiring stories of people sharing how they got out of debt, despite not making much money. In fact, you may feel you relate.  But yet, you don’t think you can do it. For whatever reason, you think you can’t get out of debt as they did.  It is impossible.

Or is it?

My husband and I were living on one income when we decided it was time to get out of debt.  It took us nearly 2 1/2 years but were able to pay off more than $37,000 in debt.  There are countless other stories of our readers who have paid off similar amounts in even less time.

I am here to tell you that you CAN (and should) get out of debt – no matter how little money you may make!!

 

HOW CAN YOU GET OUT OF DEBT WITH NO MONEY?

I am going to share the steps anyone can follow to learn how to get out of debt – no matter your income level.  If you struggle to make ends meet, you already know how to make the most of a dollar, and I’ll give you additional tips so that you can pay down that debt.

I have asked this on Facebook all of the time, and some of the comments include:

“There is no way I can do this. Not with my medical bills.”

“Sure, that only works or some people – not me.”

Many of you may be thinking similar things, and I completely understand that way of thinking. I was there myself and know that it seems like an unattainable goal.  That is why you are reading this right now – to find out how to make this dream a reality.

Debt is NOT a Good Thing.

If you are in debt, it could be because of your own decisions or even those you can’t control (such as health, job loss, etc.).  No matter how it happened, you need to get rid of it. Period.

The reason you need to eliminate your debt is that it genuinely is holding you back. How can you move forward financially with this obstacle standing in your way?  If you found that you needed to buy a new car, you would find a way, correct?  For most, that would probably mean an additional monthly payment – but you would do it because you needed to.  You need to look at debt the same way:

“Getting out of debt is not a desire – it is a need.”

MY STORY

I remember in 2009 when my husband and I thought there was no way we could get ever get out from under our debt.  It was an impossible dream. At that time, I was not working at that time, and so we had one income and two young children to feed.  I initially thought that there was no way at all that we could do this.  It was just not possible.

We started by looking at our finances (oh – they were awful).  Our goal was to live a great life.  We could have kept on and kept just getting by, but that was not how we wanted to live. Just “getting by” was no longer an option.

Knowing our kids would be watching us, we knew the importance of being a good role model for them.  We wanted them to learn how to handle money by following our example.

We both agreed that not having debt was pivotal in having a positive financial future. We wanted this not only for ourselves but also for our children as well. It was also essential for our marriage.  We needed to remove anything that could potentially cause stress – money, and finances being a big one.  Our relationship was good, but we knew we could even make it better.

To begin our journey, we read Dave Ramsey’s Total Money Makeover. We followed much of his advice but figured out some things that worked for us as well. Being debt free is a fantastic feeling that no one can describe.  You have to live it.

 

THE FIRST STEP TO GET OUT OF DEBT

The very first step to getting out of debt is to decide you want to do it.  That was the change both my husband, and I made.  Once we were ready and committed to getting out of debt, we began our journey.

You might be saying that you can’t do that though.  I’m here to say that you can – when you really, truly want to make it happen.

Getting out of debt doesn’t require you to be rich. Anyone can do it.  Even if you have a low income or don’t have much money. Like I said above, knowing that you want to make the changes and pay off your debt is only one small part.  The more significant issue is how in the world you actually can do this.

 

1. Face YOUR Reality

According to CNN Money, the average American family made around $59,000 in 2017. While that is the average, it is also true that many Americans make much less than this.

With a lower income, it is even more critical that you have no debt at all. After all, you are already stretching every dollar to cover your bills. You don’t need additional payments causing more financial stress.

Unless you win the lottery, a wealthy relative leaves you a small fortune, or you find a better job, you know your income won’t change.  That is the truth. You can’t change that.

However, what you can and must do is take the steps you can to work yourself out from under the mountain of debt you may be facing. You need to first create a budget, determine how much debt you have and then the steps to pay it off, no matter how much money you make.

 

2. Fully Commit

If you are not 100% ready to make changes, then you are destined for failure. It may be blunt, but it is true. If you can’t “go all in” and fully commit to making whatever difficult changes necessary (trust me, it will be challenging), then you need to stop reading right now.

If you are ready to make this lifestyle change, then read on. You’ve already made huge strides to make changes in your life.

 

3. Create (and use) a Budget and Debt Snowball Form

Knowing where your money goes is paramount to getting out of debt, no matter how much you make. Without your budget, you can’t even consider getting out of debt.

If you have never created a budget, it can be overwhelming.  But, it will also be eye-opening.  In addition to your budget, you should create a debt snowball, start using the envelope system and take better control of your money.  By doing this, you will get a better picture of your debts and how you can tackle them.

Look at paying off debt like a football team.  Each part of your finances is involved in the game:

Home Team – This is you and your family
Visiting Team – These are your debts and expenses
Your End Zone – This is where you will be debt free
PlayBook – Budget and debt snowball forms
Football – Your money
Refs and Penalties – Unexpected instances which set you back in reaching your goals

You would never expect a team to run onto the field and play the game without having the proper plays in mind. The same is true for you;  If every one of the members of your family has a different idea as to how to get your money down the field to pay off your debts, you will never make it there.

Instead, you design smart plays and work together to get there.  You work to get your money past all of the expenses you need to dodge.  There may be setbacks, and you may have to move back before you can get forward.  However, with hard work, you will get there.  You will get onto the scoreboard – and end up claiming victory!

 

4. Find extra money

Before you jump in to try to pay off your debts, you need to have savings.  The reason is that if an emergency comes up, you need to pay for it – in cash.  You do not want to run to your credit card to cover the expense.  It is best to have at least $1,000 in the bank before you get started.

So, before you jump in to pay off those debts, you listed above, make sure you’ve got money in the bank to cover your unforeseen expenses by creating an emergency fund.

Once you have that done, then you are going to have to find a way to squeeze everything you can out of every cent.  For some, it may mean no longer dining out.  For others, it could be shutting off cable television.  Where there is a will, there will always be a way to make this happen.  You just have to do what you can!

I share this true story in our budget post, but I’m putting it here again for you!  My husband and I gave up dining out. No joke. We ate dinner out very infrequently.

While I look back and think it might have been once every couple of weeks, I asked my husband recently, and he said that we were lucky to eat out once a month! It was painful, but now that we’ve cut down out all of our debts, we have income freed up so we can have dinner out more frequently (if we so desire).

For even more inspiration and ideas, you may have to find some radical ways you can get cash to help you get out of debt.  Do whatever it takes (legally and within reason, of course), to help you get out of debt.

Read More:  60 Creative Ways to Save or Make Money

 

5. Find ways to get more money (i.e. side hustle and selling items)

To be honest, if you are struggling to make ends meet on a low income, you won’t be able to just cut enough out of your budget to pay off your debt.  Like my mom use to say – “You can’t get blood out of a turnip” – which means if it isn’t there-there is nothing you can do about it.

That is the truth, and I’m not trying to lie to you. I am realistic and know that if you are making barely enough to cover your expenses, you won’t have any extra money for your debt.  I get that.

You can’t save enough money on your budget to eliminate your debt.  Well, I guess you could, but that is going to take a very, very, VERY long time.  So, what do you do when you’ve saved all you can and still can’t pay off your debts?  Well, you just have to get creative.

For some this may mean finding items you no longer need, which you can sell to raise money.  When we did this step, we had the same issue.  We could not cut anything more from our budget.

For us, this meant selling items we no longer needed. We did a large cleanout and got rid of furniture and other things we were holding onto, just in case we needed them. By doing this, we were able to come up with several thousand dollars — 100% of which went immediately towards our debt.

If that isn’t an option, you might want to consider getting a second job or side business to bring in income to indeed help you get out of debt.  We also did this. I started my website.  Now, let me be Frank in saying that this is not a great way to make money.  Most blogs make little to nothing in the first couple of years.  I was lucky, and we did pretty well, and I was able to bring a bit more each year – all of which helped us to pay off our debts.

It may not be a blog, but perhaps babysitting, or cleaning houses, raking leaves, shoveling snow — there are all sorts of ways that you can make money.

Read More:  Unique Ways to Make Money From Home

It is not the income that is holding most people back, it is the understanding and knowing even where to start.  You might have to scale back on various spending aspects of your life, but when you get to scream from the rooftops — WE’RE DEBT FREE!!!! — it will be worth it all.  I promise you!!!

 

get out of debt

The post How to Get Out Of Debt Fast When You Don’t Have Much Money appeared first on Penny Pinchin' Mom.

Source: pennypinchinmom.com

The Half Payment Budget Method Explained

The post The Half Payment Budget Method Explained appeared first on Penny Pinchin' Mom.

The half payment budget method might be what you need.  If traditional budgets do not work, you really might want to consider this method instead.

 

half payment budget method

 

If you do any research, you will find many ways to budget.  However, many times, the options you find do not work for you.  That is why it is important to find the right budget for your needs.  A new one you may not have tried is the the half-payment budget method.

This system helps many people stop living paycheck to paycheck.  Simply explained, it is where you take your regular, recurring payments and divide them in half.  Each payday, you set aside the necessary money out of each check so that you have the full payment available when it is due.  The half payment is not paid at that time, but rather you hang onto it and pay it on the due date.

If you are just learning about budgeting, you will want to check out our page — How to Budget. There, you will learn everything you want to know about budgets and budgeting.

HOW TO USE THE HALF-PAYMENT BUDGET METHOD

In order to explain this in a simple manner, here is how this system might look for you:

Monthly income: $2,500 (paid $1,250 every other week)

Recurring monthly payments (other than utilities):

Mortgage/Rent: $900
Vehicle Payments: $450
Auto insurance: $100

When you apply the half-payment method, your weekly budget would look something like this:

Paycheck #1 – $1,250

Set aside $450 for rent/mortgage
Set aside $225 for vehicle payments
Set aside $50 for insurance

Leaves $525 out of your paycheck for other expenses

Paycheck #2 – $1,250

Take $450 from previous paycheck and add $450 and pay $900
Take $225 from previous paycheck and add $225 and make full $450 payment
Take $50 from previous paycheck and add $50 to make $100 payment

Leaves $525 out of your paycheck for other expenses from each check

 

Now, let’s compare this to the method that many use – to just pay when the bill is due:

Paycheck #1 – $1,250  

Rent – $900

Leaves $350 for all expenses

Paycheck #2 – $1,250

Vehicle payments – $450
Insurance – $100

Leaves $700 for additional expenses

If you do the math, you will notice that you still have the same to spend over the course of a month, however, you will see a difference in the amount from each paycheck.  You might show that you have more money left after your 2nd paycheck of the month, but will you really save that?  Most people do not. If they have extra month to spend, they just spend it.

 

How to Start

I would not recommend that you jump in and change all of your bills so that they are paid using this method.  That may be too much and you might quit before you even really get started!  Instead, select one bill, such as a car payment, and try using the half payment method for a few months.  Once you see it works, you can transition other bills into this same payment method.

 

Why it Works

So, why would you use the half payment method?  For many it works better because you have around the same income to spend out of every check, rather than cutting your spending in half like you see in the second example.  For many, there is always that paycheck that makes spending tough.  When you have to pay a few larger bills all out of one check, it often leaves little to no money left for other purchases.

By changing to the half method, you are still paying your bills, but you are just earmarking money to pay a bill due later in the month.  You still have the same income.  You still pay your bills on time. However, you have more disposable income every two weeks by doing it in this way.

What is great about this method is that it works no matter how you are paid.  If you are paid monthly or weekly you might try using a quarter payment method every week (breaking out your check to leave spending weekly).

 

If you want to learn more about understanding your money attitude, change your spending habits and get out of debt once and for all, check out the Financial Rebook eBook.

The post The Half Payment Budget Method Explained appeared first on Penny Pinchin' Mom.

Source: pennypinchinmom.com

Is Taking Social Security at 62 a Huge Mistake?

When your 62nd birthday approaches, you’ll have a big decision to make: Should you take Social Security at 62 and accept lower benefits? Or should you delay Social Security to get a higher benefit amount? The answer to whether taking Social Security at 62 is the right move for you depends on several factors: your […]

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.

Source: thepennyhoarder.com

Good End of the Year Deals To Look Out For

The end of the year can be a time of profligate spending, but it can also be a time where you can find some pretty good deals. If you’ve managed your budget or your sinking funds so you still have extra money left over in November and December, there are a few things you might be on the lookout for. Remember, just because something seems like a good deal or is on sale, it doesn’t mean that you have to buy it. Consider your needs and your wants in the context of your whole budget before buying any of these items at the end of the year.

Buying a car

Traditionally, the end of the year (November and December) is considered the best time of year to buy a car. This is true for a couple of reasons. First of all, many salespeople and manufacturers are trying to hit their end-of-quarter and end-of-year quotas. That gives them extra incentive to try and make a deal. In their enthusiasm to close the sale, you can often find deals that you wouldn’t find earlier in the year.

The end of the year being a good time to buy a car doesn’t apply only to new and leased cars. Each year in the fall, most manufacturers release the new version of each of their car models. When the 2022 models are introduced in late 2021, that means that all 2021 models have to be cleared out to make room. Similarly, as people lease or buy new cars, they are trading in their old cars. This combination can lead to excellent savings on used cars as well.

Electric car and other tax breaks

Speaking of cars, there are also many tax breaks for purchasing electric cars. These tax deductions and credits can be available at the federal, state and local levels, and often change each tax year. So if you’ve been saving towards an electric or hybrid car, you should make sure that you know what credits you might be eligible for.

Electric cars aren’t the only thing that sometimes have tax breaks — many types of renewable energy qualify for tax benefits. This can include buying or installing solar panels or taking advantage of wind or geothermal energy. And if you’re expecting a new child, one thing to consider is that a child born on December 31st is considered to have lived with you the whole year for tax purposes. That could mean an additional tax deduction and child tax credit as compared to having a New Year’s baby.

Starting a new rental lease

While moving in the middle of the winter and holiday season might not sound like the most fun adventure possible, it may be worth your while. This is because nobody ELSE likes to move in the middle of the winter, so landlords and management companies are often experiencing higher-than-average vacancy and more willing to give good end of year deals.

If you’ve been considering moving across town or across the country, take a look at the leasing listings and see if there are any move-in specials that you might take advantage of. You might get a discount on your first month’s rent, or a lower security deposit. Even if you don’t really want to move, you might be able to take advantage of this phenomenon if your lease is up or you’re on a month-to-month lease. Show your current landlord the other options you’re considering and see if they will cut you a deal.

Post Black Friday deals

As most people know, the weekend after Thanksgiving (Black Friday and Cyber Monday) is probably the biggest shopping weekend of the year. But while there are often very amazing Black Friday deals, most of the truly great sale prices are extremely limited in quantity. Unless you’re one of those precious few, you can often still find some of the same deals in the runup to the Christmas holidays.

It’s somewhat of an open secret that many of the Black Friday sales are not all that fantastic. There may be one or two “doorbusters”, intended to get you in the door of the store or to the website, but most of the other things included in the listed sales will still be available on Cyber Monday or throughout December. The end of the year is a great time to get deals on electronics, appliances, headphones and entertainment, among other things.

The Bottom Line

For many people, money is tight during the holidays and at the end of the year. But if you’ve done a great job budgeting and still have extra money leftover, the end of the year can be a great time to look for deals on certain things. Buying a new (or just new to you) car, signing a new lease or deals on electronics and appliances are just a few things that you can get deals on in November and December. Make sure to stay within the confines of your budget and make smart financial decisions, and you’ll be well on your way to a successful holiday season.

The post Good End of the Year Deals To Look Out For appeared first on MintLife Blog.

Source: mint.intuit.com

What is a BOGO Sale?

The post What is a BOGO Sale? appeared first on Penny Pinchin' Mom.

You’ve probably seen signs through your local grocery store or in retail stores advertising a BOGO sale. But what exactly is a BOGO sale?

Simply put, a BOGO deal or sale, is short for “buy one, get one.” It’s a promotion that’s intended to get you to buy more by offering a discount.

These sales come in many different forms, including buy one, get one free and buy one, get one half off.

Whatever the variation, the allure of getting a product free or discounted is why many stores run these promotions on products. You can get a BOGO offer or BOGO promotion via a coupon or just as part of a broad offer or sales promotion.

To you, the consumer, it’s a great deal. To the retailer, it’s the ability to get rid of inventory quickly while still making money.

It’s a win-win for both parties, right?

Well, it depends.

Here’s what you should know about buy one, get one sales.

How does a BOGO sale work?

BOGO sales work differently depending on the store.

Let’s take a look at the most common ways that a BOGO sale is hosted.

Buy One, Get One Free

Although advertised as buy one, get one free, in most cases you’re actually just getting both items at a 50% discount.

You’ll notice this math if you look at your final sales receipt.

Some stores will allow you to still get the 50% off discount even if you only purchase one item. This is great if you only planned on purchasing one item anyway.

In this case, you’ll be able to take advantage of the sale, while not purchasing more items than you actually need.

However, if you know that it is something that you’ll use in the future, then I recommend taking advantage of getting both of the items on sale. I typically do this for non-perishable food items like pasta and canned goods.

Buy One, Get One Free of Equal or Lesser Value

In the case of buy one, get one free of equal or lesser value, you’re not obligated to buy two of the same product. Instead, you can get a different item that is the same price or less for free.

You may find that you’re limited in your choice of items. Nonetheless, this is a great deal when you can find items that are already on your list to purchase.

Buy One, Get One Half Price

The buy one get one 50% off sale is common among retail clothing stores. The premise is as it reads — buy one item at full price and you’ll get the second one half off.

The caveat is that the second item must be of equal or lesser value.

In this case, the discount is taken off of the lesser item. This means that you’ll still need to purchase the more expensive item at full price to get a discount on the second.

Again, you will be limited in your options for which the sale applies to.

Unless you’re already planning to purchase the second item, you’ll just be spending more money than you need to. Instead, you should either just wait to buy the one item that you need at full price without BOGO or when it’s on sale exclusively.

If you are buying two of the same item, it would be equivalent to getting each item for 25% off.

In this case, you’ll have to ask yourself if a 25% discount is worth it to buy two of the same thing.

Which stores often run BOGO sales?

You’ll commonly see buy one, get one sales at grocery stores and retail stores.

Most businesses use these promotions as a way to clear out inventory. So, stores that sell items that are perishable or that are based on seasons will likely have these sales.

How can you find out about BOGO sales and coupons?

Buy one, get one sales and coupons are typically included in the weekly sales pages for their respective stores.

You can find out about upcoming promotions by grabbing a weekly ads page in-store. They’re usually stacked at the store’s entrance.

Unless you’re a couponer, you may not pay attention to these weekly ads, but they’re a great resource for planning to take advantage of sales ahead of time. You may also see signs on store shelves promoting these sales.

You can also find out about these promotions online.

For grocery stores, you’ll find this in the “Weekly Sales” section of their site. You’ll need to enter your zip code and choose the store you plan on shopping because sales often vary by location.

In this particular case, they are running a buy one, get one free of equal or lesser value sale. You would simply click on the item that you’re interested in purchasing to find out what items it applies to.

For retailers, you will be able to find BOGO sale information on the “Sales” tab of their site.

Many stores also use email marketing to promote upcoming sales events and coupons. So if you’re on their email list, you may get access to sales information before the average consumer.

When are BOGO items not worth it?

Taking advantage of a buy one, get one sale is only worth it when you’re truly saving money and you’ll actually use the items that you purchase.

BOGO items aren’t worth it if they’ll go unused.

There’s no need in purchasing something that will just collect dust or, worse, expire. Only leverage these sales for items that you will truly consume or else it’ll be a waste of money in the end.

If you don’t have space for the items that you’re purchasing, then it’s also not worth it. In that case, your focus should be less on buying more goods and more on using or consuming what you already have.

Lastly, if the price is more than you’d normally pay…walk away.

One item that I like to get during a BOGO sale is pasta sauce. It’s something that I know I’ll use and have space for.

However, many times when the more expensive brand is on sale, the per-unit cost is still higher than the store brand that I normally buy.

In this case, the BOGO item isn’t worth it to me. I’d only purchase it if the per-unit cost is equal to or lower than what I’d normally pay.

Final Thoughts on BOGO Sales

Buy one, get one sales are a great way to save some money on everyday items that you purchase.

They provide an opportunity to get more product at a lower price. However, they’re only worth it if you’ll actually use what you buy, have the space to store it, and aren’t spending more than you normally would.

You can always check out your favorite store’s weekly ad, in-store or online, to find out what BOGO sales are happening soon.

–By Fo Alexander

 

The post What is a BOGO Sale? appeared first on Penny Pinchin' Mom.

Source: pennypinchinmom.com