Low income

A few weeks ago, in response to our article, “My salary is low, is financial independence an impossible dream for me?”, reader and contributor Anand Vaidya pointed out, “those with low incomes are often more irresponsible with money and expenses. I can share two examples” So we invited him to do so along with lessons... The post How families mismanage finances and what we can learn from them appeared first on freefincal.

Banks can be unaffordable unless you can meet the often prohibitively high monthly balance to avoid service fees. But the alternative for many ends up being even more expensive — in the form of check-cashing services, prepaid debit cards and payday loans. An estimated 22% of Americans (about 72 million) were considered unbanked — without...

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When income is low, the ability to save is also less. But trying to save 20% of one’s income is an ambitious target for a young earner. Here's what one can do to save when salary is less.

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It's important to have money saved in case of emergency but do you know how much is enough?

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Reports: Free College Programs Don't Benefit Low-Income Students #college

Demystifying the Housing Voucher Section 8 Program Imagine a lifeline thrown in the choppy seas of the housing market, something that can be a game-changer for qualifying families and individuals struggling to afford a decent, safe place they can call home. This lifeline, my friends, is called housing voucher Section 8. In a nutshell, Section 8 is a government program designed to help low-income Americans afford housing. The unfortunate reality? As of today’s market, a vast number of A...