Don’t be a Sisyphus

Get back to (banking) basics [The Penny Hoarder] DAILY August 27, 2019 [Sponsored By:] [Credible]( Happy Tuesday, Penny Hoarders! Full confession: We may have spent all day yesterday looking at photos celebrating International Dog Day. But it’s time to get back to adulting, which includes figuring out the difference between a savings account and a checking account (One helps you save and the other … checks? That can’t be right.) We’ll explain them both, along with a way to start making a real dent in your credit card debt. [ESL certification]( Check Out Student Loan Forgiveness Programs for Nurses Do your nursing student loans need help, stat? (Sorry, all of our medical terminology knowledge comes from TV shows.) Find the cure with this guide to student loan forgiveness programs for nurses. [LEARN MORE]( [Insurance]( [What Is Universal Life Insurance?]( by Tiffani Sherman Choices, Choices, Choices A checking account is for the money you plan to spend, while a savings account holds money for a relatively long time. Got that? [Now here’s everything else you need to know about how these accounts differ]( including whether you even need both and why you might want to open your accounts at separate banks. [Sponsored By:] [Credible]( Don’t Be a Sisyphus Remember Sisyphus? He was the guy in Greek mythology who was punished with the never-ending task of pushing a huge boulder up a hill, only for it to roll right back down again every time he got it close to the top. Sounds miserable, right? OK, but does it also sound just a liiiiittle too familiar? Like maybe you’re a bit of a Sisyphus yourself — only the boulder in your story is a load of debt? (Ah, now you see where we were going with that.) Whether you’re staring down a stone or a boulder or a mountain of debt, you’re probably feeling overwhelmed by the neverending-ness of it all. Luckily, there’s [Credible](. Credible can help you find the right personal loan for you so you can consolidate or refinance your credit card debt — and those sky-high interest rates — and start making real progress on your payoff plan. Credible’s online loan marketplace lets you compare rates on personal loans from $1,000 to $100,000 in as little as two minutes. Checking your rates won’t affect your credit score, and it’s totally free to get started — and lenders aren’t going to spring a bunch of hidden fees on you. In fact, Credible is so confident in the rates you’ll find on its site that it’ll give you $200 if you find a better rate elsewhere. So if you’re ready to stop feeling like a Sisyphus — and start feeling like a Zeus — let [a personal loan from Credible]( give you the boost you need. To learn more about Credible’s Best Rate guarantee, [go here](. [CHECK RATE]( [Image] In The Community [The Penny Hoarder Community]( The Penny Hoarder Community is brainstorming transportation alternatives. Walking and biking took an early lead for least expensive, but buses, carpools and Uber look like they’re going the distance for, well, distance. Got an idea for getting around on the cheap? Join our Community (psst, it’s free). [CHECK IT OUT]( Word of the Day The 25% rule (n): A recommendation by experts that encourages spending no more than 25% of your take-home pay on housing. When it comes to a mortgage, your lender may try to get you to take on a bigger loan than you should. But just because they might approve you for a bigger loan, that doesn’t mean you should take it. If the house you’re looking to buy will put you over that 25% threshold, it might be wise to reconsider how much house you really need — and take a minute to calculate exactly how much house you can actually afford. [LEARN MORE]( Follow us on: [Facebook]( [Instagram]( [Twitter]( [Pinterest]( [YouTube]( [Image] The Penny Hoarder | 490 1st Ave S, Suite 800 | Saint Petersburg, Florida 33701 | United States [Update mailing preferences](. If you no longer wish to receive emails, [unsubscribe here](. Questions? View our [Privacy Policy](. [View this message in browser](.