6_Life_insurance spanish napkin V1 – Napkin Finance
MENUMENU
  • College
  • Credit
  • Economics
  • Entrepreneurship
  • Insurance
  • Investing
  • Real Estate
  • Retirement
  • Taxes
  • See All...
  • Courses
  • Book
  • Partner With Us
  • Resources
Napkin Finance
MENUMENU
  • Browse Topics

        • Subjects

          • College
          • Investing
          • Credit
          • Real Estate
          • Economics
          • Retirement
          • Entrepreneurship
          • Taxes
          • Insurance
          • See All…

        • Life Events

          • Leaving The Nest
          • Getting Married
          • Buying A House
          • Starting A Family
          • Getting Ahead
          • Reaching Retirement
  • Courses
  • Book
  • Partner With Us
  • Resources
Search Login Join

Napkin notes

Our latest insights.

September 17, 2017

6_Life_insurance spanish napkin V1

Read more

Stay in touch

Sign up for the Napkin Finance newsletter to receive our exclusive insights (with a touch of humor) delivered to your inbox.

You can swipe but you can’t hide. 🙃 You can swipe but you can’t hide. 🙃
No matter what kind of debt you have, understandin No matter what kind of debt you have, understanding how to properly pay down any remaining debt can be a catalyst to help you finally become #debtfree! Paying down debt can also make you more financially secure and give you more flexibility when deciding what to do with your money. Because when you have a large debt load, it can be hard to feel like you’re making a real dent in your balances. There are two main strategies for paying down debt: 1. The Avalanche Method: Pay off your debt with the highest interest rate first and then the next highest, etc. ✅ Pros: Saves you money, Can help you pay off debt faster ❌ Cons: Could be harder to stay motivated if you don’t see quick progress 2. The Snowball Method: Pay off your debt with the smallest balance first and then the next smallest, and so on ✅ Pros: Get an immediate confidence boost, Quickly reduce the number of accounts with balances ❌ Cons: Doesn’t necessarily get rid of your most expensive debts first While the avalanche and snowball methods are the main ways of whittling down your balances, there are some other steps you may want to take in addition to help you reduce your debts even faster: 👉 Ask your lender for a lower interest rate—if you’ve been making timely payments, they might give you a break. 👉 Consider a balance transfer—if you can qualify and can pay off your tab before the grace period ends, it could make sense to transfer your credit card balances to a 0% card. 👉 Talk to a credit counselor—they may be able to help you explore other options for your unique situation. 👉 Consider consolidating—if you simply have too many debts, combining everything into one loan could make your finances simpler. No matter what you choose, be sure that you keep making at least the minimum monthly payment on all of your loans, credit cards, and other debts. Have more questions on this topic? Ask below! And visit napkinfinance.com to learn more. 😎
Fill in the blank. 👇 Fill in the blank. 👇
Let's talk about #crowdfunding. It can be a great Let's talk about #crowdfunding. It can be a great way to raise money from many people, thanks to the power of the Internet. Crowdfunding websites such as @kickstarter & @indiegogo are platforms you can use to advertise the idea you’re hoping to fund & to receive donations. A typical crowdfunding campaign looks like this: ➡️ Have an idea. It could be something you’ve already been working toward or a completely new concept. ➡️ Figure out how much $$ you would need to make your idea a reality. That number will be your fund-raising goal. ➡️ Choose a crowdfunding website. ➡️ Write up your pitch. Make it a compelling story that will get some clicks. ➡️ Launch & promote your campaign through social media and any way you can. Try to reach as many people as possible! Go viral! ➡️ Rake in those donations and (hopefully) hit or exceed your fund-raising goal. Then, bring your idea to life. Crowdfunding can be a lifesaver for people or families dealing with a financial crisis. For an entrepreneur, it offers an alternative (or complement) to getting a traditional bank loan or courting investors. The appeal for startups and other businesses can include: ✅ Ease: Convincing a bank or an angel investor to give you money is tough, especially without a formal business plan, extensive market research, revenue projections, or collateral. ✅ Flexibility: Traditional investors may want to see the company quickly commit to a business model and bring a product to market. With crowdfunding, a startup can test different products and try out ideas over a longer period of time before turning a profit. ✅ Potential to avoid repayment: Depending on the type used, if your idea is a dud, you might not have to pay anyone back. 👉 Remember: If you don’t hit your donation goal, you might not get any money. All crowdfunding sites are not created equal; make sure you pick one that does the type of fund-raising you’re interested in. Platforms usually take a percentage of what’s raised. Swipe through to see some various types of crowdfunding, or click our link in bio to learn more!
Are you one of the 55%? Or are you a lifetime #Bud Are you one of the 55%? Or are you a lifetime #BudgetClub member? 🤓 We’d love to know! 👇
Napkin Finance

Company

  • About
  • Contact Us
  • Blog
  • Press
  • Shop
  • Privacy Policy
  • Terms of Service
  • Cookie Policy

Location

Created in Los Angeles, CA

  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • English
  • Español

Copyright© 2022 · NAPKIN FINANCE · ALL RIGHTS RESERVED

Napkin Finance
  • Sign in
  • Sign up

Forgot your password?
or continue with
By signing up, I agree to Napkin Finance’s Terms of Service and Privacy Policy.

or continue with

The simple information you need
to clean up your not-so-simple finances.