Debt
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I’m in Debt – What Should I Do?
September 2, 2020
Categories: Budgeting, Personal Finance, Savings
While struggling with debt isn’t uncommon, getting out of it as soon as possible is important. Student loans, car loans, credit cards and other payments can lead to your pile of debt getting bigger and bigger. So, what steps should you take if you are in debt? Keep reading to find out. 1. Clean Out Your House & Sell What You Don’t Use Start small and simply sell the things you don’t need. You’d be surprised
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How Do I Pay Off My Debt?
January 29, 2020
Categories: Budgeting, General, Personal Finance, Savings
Extreme amounts of debt can weigh heavy on your shoulders. It has been found that extreme amounts of debt are linked to higher rates of suicide and depression. This is why it’s so important to have an understanding of good debt vs. bad debt and how you can go about paying back your debt efficiently. Don’t Let it Define Your Life You, of course, want to have your debt paid off as soon as possible. However, letting it define the value of your life is counterintuitive to being
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How to Stay in Debt - Crushing Habits
May 23, 2018
Categories: General, Personal Finance
Nobody wants to be consumed with worrying about their finances. Debt for most people is a fact of life. Unless you have a stroke of luck with the lottery, or a Daddy Warbucks, you are probably unable to pay cash for life’s most important purchases: a car, house or your college education. The goal with debt is to take on good debt that will provide opportunities and income advancement. Bad debt is purchasing items with no return on your investment, with their value quickly depleting. Bad
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7 Financial Goals to Make 2017 a Success
January 11, 2017
Categories: Budgeting, Community Banking, General, Mortgage, Personal Finance, Savings, Taxes
Bank of Louisiana challenges you to make 2017 the year of financial prosperity. Complete with an emergency fund, sound credit, and a monthly budget, you can conquer any fiscal goal so long as you keep moving towards it. To optimize your money management potential, we recommend these seven goals: Check Your Credit Score. There are many websites available which allow you to view your current credit score across the three reporting bureaus. However, the only federally authorized FREE
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5 Things to Have a Successful New Year
December 28, 2016
Categories: Community Banking, Investing, Retirement, Savings, Taxes
Want to kick off the New Year with a bang? There’s no better way to help yourself succeed in 2017, than by mastering your money management! Bank of Louisiana offers these trusted tips to help you come January: Set-up an Emergency Fund. Before you start any type of a savings plan, ensure it’s protected with an emergency fund. This ensures that if an unexpected expense arrives, you have the money to cover it without having to dip into your hard earned savings. Experts
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