Over 600% APR?!? How Payday Loans Destroy You - EP 30

10 months ago
8
saving money payday lending payday loans your frugal life budget tip being frugal paycheck to paycheck budget tips financial coaching podcast life hacks

How can payday loans destroy you financially? In today's episode you will learn how payday lenders can charge over 600% APR for your payday loans and what you can do to avoid the trap that is payday lending!

In the story today, Jay shares how his bowling coach had to teach him how to relax - something he really had to do differently. How does this relate to finances?

The budget tip of the day is to have a sinking fund for your taxes and not withold too much from your paycheck. This gives the government a loan from you with no interest!

The listener question asks what to do when you are maxing out your retirement.

Please don't forget to like, share, and subscribe! Doing so helps us grow and share HopeFilled financial wisdom. We release a new full episode every Tuesday!

Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.

Our Website: HopeFilledFinancial.com

Music: "Take Me Higher" by Jahzzar

Music Copyright License: This music is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/b... or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

Loading comments...