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...

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.

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.

Squeezing more income out of your assets is always a good thing for retirees.

Writing a hardship letter to one or more of your creditors can help you get through a tough financial time. With an understanding of your circumstances and evidence to support your claims, lenders may be willing to give you a more manageable debt payment plan. What Is a Hardship Letter? A hardship letter explains to […]

The new, simplified FAFSA finally launches (barely) after a 3-month delay. There's no time to spare in getting it done. What you need to know.

Find tips on how to save money fast on a low income. Easy tips to help you make a savings plan and live on less without feeling poor.

If you're wondering if you can survive on a low income in today's world, keep reading for tips to budget money on a low income.

A few months ago, I went to pay for a salad at my local deli with a $20 bill, when the cashier looked at me and said, "We no longer accept cash." As