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The Beginner’s Guide to Filing Taxes

tax guide

Doing taxes might be one of the most procrastinated tasks we have to do each year.

But it doesn’t have to be that way.

With all the tax services available today you can get your taxes filed away with just a few clicks of a button. Some tax service places will even let you file your taxes early so you can get it done asap and cross that item off your to-do list right now. However you choose to do your taxes, there are a few things everyone should know about filing taxes.

How Do I File My Taxes?

It’s a common misconception that filing taxes is confusing and difficult to do. It really isn’t! Just follow these steps:

Step 1: Gather necessary documents

W-2 form.

You’ll get this from your place of work and it will have all the information you need on it—how much you got paid and how much you paid in taxes through your paychecks.

1099 form.

If you’re self-employed, a contracted employee, or a freelancer, then you’ll get a 1099 form from each of your employers instead. Since you aren’t receiving a taxed paycheck from an employer you may have to pay your taxes after filing since your taxes weren’t automatically paid throughout the year via taxed paychecks.

Step 2: Use these documents to file taxes

Give documents to a professional tax service.

The easiest way to get your taxes done is to simply submit these documents to a professional tax service. You can visit a financial store, like Check City, that offers tax services in person. Check City even offers Tax Advance Loans so you can get your refund sooner.

You can also use an online tax service to do it online. You may have to use your W-2 or 1099 forms to fill out some of the information. Using a tax professional or service will often come with some service fees.

File your taxes manually with the IRS.

You can also do it yourself by filling out a form called a 1040. Then you simply mail this form to the IRS. This route doesn’t have any service fees, besides postage, but it’s more effort on your part and takes more of your time.

Once you’ve finished filing taxes you’ll be able to see how much you owe or are owed. If you owe money you can mail it in to the IRS. If you are owed money then you can expect a check in the mail after the IRS is done processing your filed taxes.

When Do I File Taxes?

January.

You can file your taxes as soon as you receive the documents you need. These documents are your W-2 form from your employer or any 1099 forms you get from employers and contractors. You’ll usually receive these documents in January or you’ll need to request them.

This year the IRS will start accepting filed taxes on January 27th, 2020. Ideally, you’ll want to have everything ready to file by this date. That way if you are getting a tax refund, you can get your money as soon as possible.

When are Taxes Due?

April.

“National Tax Day” is usually on April 15th every year. But if the 15th of April falls on a weekend, then they’ll push it back to the 16th or 17th. This is when your taxes for the previous year are officially due to the federal government.

For example, taxes for 2019 need to be filed by Wednesday, April 15th, 2020.

When Do I Get My Tax Return?

up to 3 weeks.

When you get your tax return will depend on when and how you file your taxes. Since the IRS doesn’t start processing filed taxes until January 27th this year, you won’t receive your refund until after this date. You can check your refund status on the IRS’s website if you’re curious.

But generally, your tax refund can take up to 3 weeks to get to you after January 27th and after you’ve filed your taxes. It’s also always a good idea to keep a copy of your tax return for your own personal files.

If you want to get your tax refund quicker, you can do so by e-filing your tax return at Check City rather than mailing it in.

Why Do I Have to File Taxes?

To make sure you paid the correct amount in taxes the year before.

The main reason you have to file taxes at the beginning of each year is to make sure you paid the correct amount in taxes the previous year and didn’t over or underpay.

Income tax gets taken out of each paycheck throughout the year, but this amount isn’t always the amount you end up owing in taxes by the end of the year. By filing taxes at the start of the new year, you and the government will both know for certain whether you owe more in taxes or are owed the extra you ended up giving in taxes.

How much you pay in taxes is determined by your total income over the course of the year. How much you make will then place you in a certain tax bracket, and that percentage is how much you should have paid in taxes. But this percentage can’t be known for certain until after the year is done, that’s why taxes are always filed at the beginning of the following year.

Benefits to Filing Taxes
  • You can get a tax return if you ended up paying more in taxes then you needed to based on how much you ended up making over the year.
  • You can also end up getting tax deductions for certain things like giving to charity, nonprofits, medical expenses, or if you spend personal money on your job or business.
  • You can also get tax credits for things like education or paying for childcare so you can work.

And that’s all you need to know! See? Taxes can be a dream, not a nightmare. You can also check out the IRS’s website for any other information you may need.


Lending Tree Personal Loan

By using Lending Tree you can get a Personal Loan from $1,000 to $50,000. But since Lending Tree isn’t a direct lender, you’ll still have to research each loan option before picking an actual lender. For a more straightforward loan, check out the Check City Personal Loan and skip the go-between.

Does Lending Tree offer personal loans? No, Lending Tree does NOT offer personal loans. Instead, they offer services to connect customers to actual loan providers.

There are many loan providers out there that provide personal loans for all kinds of reasons. Each loan provider is different and has its own requirements, rates, and fees to consider. Lending Tree is an example of an indirect lender meaning they themselves don’t provide the loan, instead they connect you to loan providers after reviewing the information you give them so you can compare and choose a loan provider.

Lending Tree Personal Loans: A Quick Look

Lending Tree does not actually have personal loans. What they can do is connect loan customers to lenders that offer personal loans from $1,000 to $50,000. But this loan basic loan range is the most details Lending Tree can offer without more of your personal information to help them determine the kind of loan you could get. You also won’t know how much using Lending Trees services will cost you until after you give them enough personal information.

Maximum Personal Loan: $50,000

Minimum Personal Loan: $1,000

Rates: N/A

Fees: N/A

Terms: N/A

When: N/A

Basically, Lending Tree is a great place to go if you have no idea where to shop for a personal loan. They can give you a couple of loan options to go through and choose from. But it’s important to remember that Lending Tree isn’t an actual loan option, but an extra step in your search for a personal loan.

Who is Lending Tree Perfect For?

Lending Tree is a great place to go when you want some online research help in comparing loan providers. If you need a personal loan and are feeling especially lost in finding one, then Lending Tree can help you pick and choose between loans that could work for you.

Who Should NOT Use Lending Tree for a Personal Loan?

Since Lending Tree doesn’t have personal loans, it may not be the best option for those looking to get their loans quickly. If you need a personal loan fast, then Lending Tree might only make your loan process longer and more complicated. You’ll have to give them all kinds of information about yourself and your finances, then compare the loan options they provide, then go through the actual loan application process. That’s a long time to wait for the funds you need right now. If any of the items listed below sound like you, then you might want to consider skipping the Lending Tree route when searching for a loan.

  • If you need your personal loan money fast
  • If you only want to go through one application process
  • If you don’t want to give out your information to a third party
  • If you want to compare loans for free

An Alternative to Lending Tree

Instead of going through the added hassle of using Lending Tree to search for the perfect loan, take advantage of personal loan reviews like this one to sift out which loan is best for you. You can also skip the loan search entirely and take advantage of the easy to use Check City personal loan.

Reasons to Get a Check City Personal Loan:

personal  loan

  • Check City is a direct lender so you only have to deal with us.
  • Check City is a state licensed lender.
  • Our application process is quick and simple.
  • You can still apply, even if you have a low credit score.
  • We have no origination fees.
  • You can get your loan TODAY.
  • You can pay back your loan in as little as 6 months.
How to Apply for a Check City Personal Loan

Applying for a Check City personal loan is super easy to do. The process is quick and simple! All you have to do is go to our online Personal Loan Page and fill out the application form. It only takes a few minutes! You can also apply for a Check City personal loan over the phone or in the store. If you apply for your loan in the store, you can actually walk out with your money in that very same visit!

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply online.

Find a location near you and apply in the store.

Or call Check City’s Loans By Phone number: 800-404-0254

If this personal loan option sounds right for you, don’t hesitate to give us a call, visit our website, or visit our stores and get your funds now.

COMPARE SIMILAR LOAN OPTIONS

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans

USAA Personal Loan Citibank Personal Loan
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000 $2,500 to $50,000 $2,000 to $50,000
Rates lower APR than our payday loans 6.99% to 24.99% 5.49% to 22.99% 8.99% to 18.00% 7.99% to 23.99%
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties no origination, application, or prepayment fees no origination fee
Terms 6 months 36 to 84 months 12 to 84 months 12 to 84 months 12 to 60 months
Min. Credit Score none 660 600 high credit score high credit score

 

Personal loans all come with their own requirements, but so do you! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

 

READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

USAA Personal Loan

USAA members can get Personal Loans up to $50,000, but if you don’t qualify for a USAA membership then you’ll need to find a different loan provider. For a Small and Flexible Personal Loan check out the Check City Personal Loan where no membership is required!

USAA Membership Requirements: USAA membership eligibility depends on who you are since USAA memberships are only available to certain people. In order to qualify for a USAA membership you must be one of the following:

  • Active duty officers
  • National Guards
  • Reserve officers
  • Veterans
  • Officer candidates in commissioning programs
  • Enlisted personnel
  • Spouse of a USAA member
  • Adult children of a USAA member

Personal loans are often used in financial emergencies when you suddenly need funds to pay for bills and other unexpected expenses. Because of this it’s a good idea to shop ahead of time for the loan provider that best fits you and your needs so you’re not making any rushed decisions when it comes to your loan options. After all, you have your own requirements for the perfect personal loan.

USAA Personal Loans: A Quick Look

A personal loan from USAA can be anywhere from $2,500 to $50,000 with an APR range between 8.99% and 18.00%. USAA personal loans have no origination fee, no application fee, and no early repayment fees. USAA members with a personal loan can get loan terms between 1 and 7 years. USAA personal loans are most often used for home repairs or improvements and emergency bills.

Maximum Personal Loan: $50,000

Minimum Personal Loan: $2,500

Rates: 8.99% to 18.00% APR

Fees: no origination fee, no application fee, no prepayment fee

Terms: 12 to 84 months (1 to 7 years)

When: you can get your loan funds as soon as 24 hours after application approval

Basically, USAA personal loans are a great loan choice for USAA members. They are a medium sized personal loan with flexible loan repayment terms. They also offer lower rates for their members, making this loan a good option for anyone who already has a USAA membership and needs a loan for emergency expenses.

Who are USAA Personal Loans Perfect For?

The USAA personal loan is great if you already have a membership with USAA and have some sudden expenses you need to take care of. They are most often used for making home improvements or taking care of home repairs. If you meet USAA’s membership requirements, and just need a loan to help with the house or other unplanned bills, then this loan may be perfect for you. Here are some other indicators that you should get a USAA personal loan:

  • If you already have a USAA membership
  • If you have good credit
  • If you need a large loan amount
  • If you want a longer loan term option

Who Should NOT Get a USAA Personal Loan?

A membership with USAA comes with special requirements that not everyone can meet. USAA memberships are available to anyone serving (or those who have served in the past) in the U.S. Air Force, Army, Coast Guard, Marines, Navy, National Guard, or Reserves, and to close family members. If you don’t qualify for a USAA membership or you can’t afford a hard credit pull loan application, then consider a personal loan with Check City instead. Here are a few more reasons you should think about a Check City personal loan instead of a USAA personal loan:

  • If you need a small loan
  • If you want to pay back the loan in 6 months
  • If you don’t qualify for a USAA membership
  • If you need same day funds
  • If your credit score can’t afford a hard credit pull
USAA Personal Loans Pros and Cons List
Pros Cons
Flexible terms Hard credit pull that will affect your credit score
No fees Must be a USAA member

An Alternative to USAA Personal Loans

USAA personal loans may not meet your requirements as a loan customer. If this is the case for you then check out the Check City personal loan! It might be exactly what you’re looking for.

Reasons to Get a Check City Personal Loan:

personal loan

  • Check City is a direct lender
  • Check City is a state licensed lender
  • Our application process is quick and simple
  • You can still apply if you have a low credit score
  • No origination fees
  • Get your loan TODAY
  • You can pay back your loan in 6 months
How to Apply for a Check City Personal Loan

The application process for a Check City Personal Loan is fast and simple. All you have to do to apply for a personal loan with Check City is go to our Personal Loan Page and fill out the application form on the side of the page. It only takes a few minutes! We have other loan application options available as well if you don’t want to apply online. You can also visit your local Check City store
or talk to a representative on the phone to apply.

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply Online.

Apply in the Store.

Or call Check City’s Loans By Phone number: 800-404-0254

The online application for a Check City Personal Loan is incredibly easy to do, but if you want your funds even sooner, you can apply in person at a Check City store and walk out with your personal loan funds the SAME DAY! Our personal loans are perfect for anyone who needs a fast, small loan that you can pay off in a matter of months instead of years. Check City Personal Loans are also a helpful option for anyone with a low credit score, or who can’t afford a hard pull on their credit score right now, because we don’t use a traditional credit report when processing a loan application. If this personal loan option sounds right for you, don’t hesitate to give us a call, visit our website, or visit our stores and get your funds now.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans

SoFi Personal Loans American Express Personal Loans USAA Personal Loan
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000 $5,000 to $100,000 $3,500 to $40,000 $2,500 to $50,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR 5.99% to 20.01% APR 6.90% to 19.98% APR 8.99% to 18.00% APR
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties no fees no origination fee, there are late fees no origination, application, or prepayment fees
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years) 24 to 84 months (2 to 7 years) 12 to 48 months (1 to 4 years) 12 to 84 months (1 to 7 years)
Min. Credit Score none 660 600 680 660 high credit score

 

When you think of loans you often think about the requirements you need to meet in order for your application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

American Express Personal Loan

American Express offers Personal Loans up to $40,000, but are only available to existing members. If you want a more flexible and inclusive loan then you might want to try the Check City Personal Loan, where you don’t need a card membership to apply.

Shopping for a loan can be a hassle. There are so many pros and cons to consider, from the minimum required credit scores to APR ranges. We’re here to make your loan research a little easier as we go over personal loan options near you. That way you can weight the costs and benefits of different loans in one spot and find the personal loan that best suits your personal needs.

American Express Personal Loans: A Quick Look

With an American Express membership card you can take out a personal loan from $3,500 to $40,000 and get an APR anywhere between 6.90% and 19.98%. They also don’t have origination fees, but they do have late fees for when you’re late on payments. These loans come with a shorter loan term of 1 to 4 years and you can expect to receive your funds in 1 to 7 business days after your application gets approved.

Maximum Personal Loan: $40,000

Minimum Personal Loan: $3,500

Rates: 6.90% to 19.98% APR

Fees: no origination fee, there are late fees

Terms: 12 to 48 months (1 to 4 years)

When: 1 to 7 business days

Basically, the American Express personal loan is a large loan that you pay off in a few short years. They’re generally used for home improvement, weddings, the costs of moving, or traveling. You can also use their personal loans to consolidate debts with higher interest rates. The only catch is that you’ll need to be an American Express card holder in order to even apply, so if you aren’t already affiliated with American Express you may want to look elsewhere for your loan where a membership isn’t required.

Who are American Express Personal Loans Perfect For?

A personal loan from American Express is perfect for anyone in need of a large loan that they don’t want to be paying back for more than 4 years. The American Express personal loan is most perfect for loan customers who already have an American Express card. If you’re already an American Express customer and the below items also represent your needs, then the American Express personal loan may be the perfect loan for you.

  • If you have a good credit score
  • If you need a large loan amount
  • If you want to finish paying off the loan in 4 years
  • If you already have an American Express account

Who Should NOT Get an American Express Personal Loan?

If the items mentioned in the previous section don’t apply to you then don’t worry—there are other loan options out there. Maybe you’re looking for an even smaller personal loan that you can pay off in a matter of months instead of years. If you find yourself in this category of loan customer then you should consider Check City for your flexible personal loan provider.

  • If you want a small loan
  • If you want to pay back the loan in 6 months
  • If you don’t already have an American Express account
  • If you need a personal loan today
American Express Personal Loans Pros and Cons List
Pros Cons
You can get a decision on your application in seconds You must be a cardholder to apply
The application doesn’t affect your credit score You must be preapproved to apply
They have no origination fees They do charge late payment fees

An Alternative to American Express Personal Loans

If an American Express personal loan doesn’t meet your requirements as a loan customer then you need to take a look at the Check City personal loan! It might be exactly what you’re looking for.

Reasons to Get a Check City Personal Loan:

american express personal loan

  • The straightforward service of a direct lender
  • The safety of a state licensed lender
  • A fast and easy application process
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You can get your loan TODAY
  • You can pay back your loan in as little as 6 months
How to Apply for a Check City Personal Loan

The Check City Personal Loan has a fast and simple application process. All you have to do is visit the Check City Personal Loan Page. From there you can finish your loan application in just a few minutes. You can also apply for a Check City personal loan inside any of our stores, or by calling a Check City representative to apply over the phone.

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply Online.

Apply in the Store.

Or call Check City’s Loans By Phone number: 800-404-0254

Applying for a personal loan from Check City is fast, easy, and anyone can apply. So you don’t need to already be a Check City customer and you don’t need to have a high credit score to apply. Check City also offers multiple ways to apply for your loan. You can apply online, over the phone, or at any Check City location. You only need a few things to apply and Check City personal loan applications only take a few minutes.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans

SoFi Personal Loans American Express Personal Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000 $5,000 to $100,000 $3,500 to $40,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR 5.99% to 20.01% APR 6.90% to 19.98%
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties no fees no origination fee, there are late fees
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years) 24 to 84 months 12 to 48 months (1 to 4 years)
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600 680 660

 

Personal loans come with requirements and so do you! You need a personal loan that works best for you and your needs which is why you’re researching loan providers before making a choice. Everyone is looking for something different in a personal loan; like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key features with a Check City Personal Loan!

 

READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

SoFi Personal Loan

SoFi offers Personal Loans up to $100,000, but only to those with a $45,000 annual income and 680 Credit Score. If you need a Smaller, more Flexible Personal Loan than the Check City Personal Loan might be right for you!

Loans comes with their own requirements and so do you as a loan customer! Every loan is going to come with different costs and benefits, so it’s important to do a bit of loan shopping and research before you make your final choice. That way you can get the loan that makes the most sense for your own personal needs.

SoFi Personal Loans: A Quick Look

A personal loan from SoFi can be anywhere from $5,000 to $100,000 with an APR range between 5.99% and 20.01%. SoFi personal loans don’t have any fees outside of their interest rates and you can pay back your loan in 2 to 7 years. SoFi even offers personal loans for students to refinance their college debts.

Maximum Personal Loan: $100,000

Minimum Personal Loan: $5,000

Rates: 5.99% to 20.01% APR

Fees: no origination fee, no prepayment fee, no late fees

Terms: 24 to 84 months (2 to 7 years)

When: 1 to 7 business days

Basically, the SoFi personal loan is a larger loan with a longer payment term. The Sofi personal loan is most commonly used to pay off credit cards, invest in home improvements, moving costs, medical bills, student loans, and other larger purchases. They also offer a fixed payment plan.

Who are SoFi Personal Loans Perfect For?

The SoFi personal loan is great if you need to consolidate large debts with high interest rates. It’s also a good loan if you need a larger loan for things like major home improvements or college tuition. If you need a much larger loan and you meet the below requirements, then this loan may be perfect for you.

  • If you have a credit score of 680 or higher
  • If you need a large loan amount
  • If you want a longer loan term
  • If you already have a SoFi account

Who Should NOT Get a SoFi Personal Loan?

If the items mentioned above don’t work for you, or you just need a quicker, smaller loan then the perfect loan option for you is still out there. If the items listed below better suit your loan wants and needs then you might want to consider coming to Check City as your personal loan provider.

  • If you need a smaller loan
  • If you want to finish paying back the loan in 6 months
  • If you don’t already have a SoFi account
  • If you need funds fast
  • If your credit score can’t afford a hard credit pull
SoFi Personal Loans Pros and Cons List
Pros Cons
Fixed rates and monthly payments Hard credit pull that will affect your credit score
You can get a larger loan up to $100,000 You need a 680 credit score or higher
They have zero fees for their loans Can take up to 7 business days to receive funds
Need an annual income of at least $45,000

An Alternative to SoFi Personal Loans

Check City offers a unique loan solution than other loan providers. SoFi personal loans may not meet your requirements as a loan customer and in that case you can check out the Check City personal loan! It might be exactly what you’re looking for.

Reasons to Get a Check City Personal Loan:

sofi personal loan

  • The straightforward service of a direct lender
  • The safety of a state licensed lender
  • A fast and easy application process
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You don’t have to wait, you can get your loan TODAY
  • You can pay back your loan in as little as 6 months
How to Apply for a Check City Personal Loan

The Check City Personal Loan application is fast and easy to do. All you have to do is visit the Check City Personal Loan Page. From there you can quickly fill out the application on the side of that webpage. You can also find a nearby Check City store to apply or give us a call to apply over the phone if either of those options works better for you.

What You’ll Need to Apply:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply Online.

Apply in the Store.

Or call Check City’s Loans By Phone number: 800-404-0254

The online application for a Check City Personal Loan is incredibly easy to do, but if you want your funds even sooner, you can apply in the store and get your personal loan funds the SAME DAY! Our personal loans work well for anyone who needs a fast, small loan that you can finish paying off in just 6 months rather than years.

Check City Personal Loans are also a helpful option for anyone with a low credit score, or who can’t afford a hard pull on their credit score right now, because we don’t pull a traditional credit report when processing a loan application. If this personal loan option sounds right for you, don’t hesitate to give us a call, visit our website, or visit our stores and get your funds now.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans

Chase Auto Loans Bank of America Auto Loans Capital One Auto Loan SoFi Personal Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000 $4,000 to $600,000 min. $7,500 min. $4,000 $5,000 to $100,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR depends min. 2.99% to 5.99% depends 5.99% to 20.01% APR
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties depends no application fee depends no fees
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years) 12 to 84 months 60 months depending 24 to 84 months 24 to 84 months
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600 high credit score subject to credit approval subject to credit approval 680

 

When you think of loans you often think about the requirements you need to meet in order for your application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

Chase Personal Loan

Chase offers a lot of services, but Personal Loans aren’t one of them. You can find auto loans and mortgages with Chase but if you want the Flexibility of a Personal Loan you may have to look elsewhere for your loan.

Does Chase offer personal loans? The simple answer is NO, Chase does not currently offer personal loans.

Many banks don’t actually offer personal loans. Like most banks Chase also doesn’t offer personal loans. Instead Chase mainly offers saving and checking account services. The closest services to a personal loan they offer are credit cards, auto loans, and mortgages, but they don’t technically offer personal loans. But don’t worry because there are other personal loan options out there that we’ll touch on later in this article.

Chase Credit Cards: A Quick Look

Pros Cons
some of their cards offer cash back and bonus points some of their cards only let you earn back on certain things like dining and travel
some of their cards let you earn back 1.5% to 6 times on purchases some of their cards have fees up to $95
some cards have no annual fees

Chase Auto Loans: A Quick Look

Pros Cons
you can refinance the loan you need to be a Chase customer with a checking account for refinancing options
loan terms are 12 to 84 months you might want to pay back the loan in less than a year
loan amounts are $4,000 to $600,000 you might need an even smaller loan
great for buying a new car or refinancing existing car loan not great for other personal reasons

Basically, Chase is a great place to go if you’re looking for auto loans in order to buy a new car, or if you’re looking for different credit cards that offer an array of benefits. But if you are looking for a more flexible loan that you can use for a larger variety of personal reasons then you’ll need to look at other loan providers.

Who are Chase Loans and Credit Cards Perfect For?

The Chase auto loan is great if you need to purchase a new car or refinance your car payments. Likewise, Chase credit cards are great if you travel a lot and want to accumulate benefits for all the money you spend on traveling expenses. If you need a large auto loan or credit cards great for travelers, and you meet the below requirements, then Chase may be perfect for you.

  • If you have a high credit score
  • If you need a large auto loan
  • If you have a lot of travel expenses for tickets, hotels, and dining
  • If you already have a Chase account

Who Should NOT Get a Chase Loan or Credit Card?

If you don’t meet the above requirements, or you’re just looking for a quicker, smaller loan that you can use for something besides a car, then you may want to keep shopping for your perfect loan. If any of the listed items below represent you, then you should consider a different personal loan provider.

  • If you need a smaller loan
  • If you want to pay back the loan in less than a year
  • If you don’t already have a Chase account
  • If you need your loan quickly, or that same day
  • If you have a low credit score
  • If you can’t afford a hard credit pull application on your credit score
  • If you have personal reason beyond cars for needing a loan

An Alternative to a Chase Personal Loan

Check City offers a different kind of personal loan. So if the features and requirements present in Chase’s loan and credit services don’t work for you, a Check City personal loan might be your answer.

Reasons to Get a Check City Personal Loan:

personal loan for you

  • Check City is a direct lender
  • Check City is also a state licensed lender
  • The application process is quick and simple
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You can get your loan TODAY
How to Apply for a Check City Personal Loan

Check City personal loans are incredibly easy to use. Just visit the Check City Personal Loan Page and you can quickly apply for your loan online, at a nearby Check City store, or even over the phone!

All you need to apply for the loan is:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply for a Check City Loan Online by clicking HERE.

Find a conveniently located Check City Store by clicking HERE.

Or call Check City’s Loans By Phone number: 800-404-0254

Check City personal loans have a fast and easy process, and if you go into a Check City store to apply, you can actually walk out with your personal loan funds that very same day! Check City personal loans are great for loan customers that need a quick, easy to use, smaller personal loan that they can pay back in a matter of months instead of years. They’re also a great loan option for customers with lower credit scores since Check City doesn’t pull a traditional credit report when processing your application.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans

Chase Auto Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000 $4,000 to $600,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR depends
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties depends
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years) 12 to 84 months
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600 high credit score

 

When you think of loans you often think about the requirements you need to meet in order for you application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

Wells Fargo Personal Loan

Wells Fargo offers Personal Loans up to $100,000. But if you don’t have a 600 Credit Score and you aren’t already a Wells Fargo customer is it the right loan for you?

Not all loans are created equal. Each loan has their own features and requirements. That is why it’s important to do a bit of research while you’re shopping for loans before you pick one, so you get the loan that makes the most sense for your own personal needs.

Wells Fargo Personal Loans: A Quick Look

Wells Fargo offers personal loans from $3,000 to $100,000 with an APR range from 5.49% to 22.99% with no origination fees or prepayment penalties. They also offer a wide range of payback periods from as little as 12 months up to 84 months. They also offer special benefits for loan customers that already have a Wells Fargo account.

Maximum Personal Loan: $100,000

Minimum Personal Loan: $3,000

Rates: 5.49% to 22.99% APR

Fees: There are no origination fees or prepayment penalties

Terms: 12 to 84 months (1 to 7 years)

When: The next business day, if your loan is approved.

Basically, the Wells Fargo personal loan is a larger loan with a short or long-term payment plan. This loan is often used to consolidate debts, to make a large purchase (like home improvements), or to cover emergency expenses. They also offer a competitive fixed rate, fixed term, and fixed monthly payments. Their loans also don’t require collateral.

Who are Wells Fargo Personal Loans Perfect For?

The Wells Fargo personal loan is great if you need to consolidate heavy debts with high interest rates. It’s also a good loan if you need a larger loan for things like major home improvements or college tuition. If you need a much larger loan and you meet the below requirements, then this loan may be perfect for you.

  • If you have a credit score of 600 or higher
  • If you need a large loan amount
  • If you need to consolidate larger debt amounts
  • If you need to make larger purchases
  • If you already have a Wells Fargo account

Who Should NOT Get a Wells Fargo Personal Loan?

If you don’t meet the above requirements, or you’re just looking for a quicker, smaller personal loan, then you may want to keep shopping for your perfect loan. If any of the listed items below represent you, then you should consider a different personal loan provider.

  • If you need a smaller loan
  • If you want to pay back the loan in less than a year
  • If you don’t already have a Wells Fargo account
  • If you need your loan quickly, or that same day
  • If you have a low credit score
  • If your credit score can’t afford a hard credit pull application
Wells Fargo Personal Loans Pros and Cons List

Though personal loans with Wells Fargo may be a great option for some, there are some reasons they may not be the best loan fit for others.

Pros Cons
You can get a really large loan of up to $100,000 You can’t get a small loan of less than $3,000
They offer secure loans Their secure loans have a $75 origination fee
There are no origination fees or prepayment penalties You need a credit score of at least 600
Their loan application involves a heavy credit score check
The application requires a lot of information

An Alternative to Wells Fargo Personal Loans

Check City offers a different kind of personal loan. So if the features and requirements present in a Wells Fargo personal loan don’t work for you, a Check City personal loan might be your answer.

check city personal loan

Reasons to Get a Check City Personal Loan
  • Check City is a direct lender
  • Check City is also a state licensed lender
  • The application process is quick and simple
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You can get your loan TODAY
How to Apply for a Check City Personal Loan

Check City personal loans are incredibly easy to use. Just visit the Check City Personal Loan Page and you can quickly apply for your loan online, at a nearby Check City store, or even over the phone!

All you need to apply for the loan is:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply for a Check City Loan Online by clicking HERE.

Find a conveniently located Check City Store by clicking HERE.

Or call Check City’s Loans By Phone number: 800-404-0254

Check City personal loans have a fast and easy process, and if you go into a Check City store to apply, you can actually walk out with your personal loan funds that very same day! Check City personal loans are great for loan customers that need a quick, easy to use, smaller personal loan that they can pay back in a matter of months instead of years. They’re also a great loan option for customers with lower credit scores since Check City doesn’t pull a traditional credit report when processing your application.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years)
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600

 

When you think of loans you often think about the requirements you need to meet in order for you application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

Book Review: The Total Money Makeover by Dave Ramsey

book review

Dave Ramsey is a best selling author of many popular self-help books about getting your finances together. He’s inspired many with his simple, no-hassle philosophies on how to manage money. He also has a radio talk show called the Dave Ramsey Show, that you can listen to anywhere you listen to podcasts. He even started his own company built on his financial philosophies called Financial Peace University. Dave Ramsey and his colleagues have loads of resources you can find helpful in your own personal money management journey. Whether you are managing a household or a small business, Dave Ramsey has the financial advice you need to be successful and smart with your funds.

Today we’re going to take a focused look into one of Dave Ramsey’s most prolific publications, The Total Money Makeover: A Proven Plan for Financial Fitness. You’ve heard of fitness journeys and makeovers that change your style into something fresh and new, but Dave Ramsey takes all that and puts a financial spin onto it. With Dave Ramsey’s baby step plan you can exercise your financial abilities in ways you never thought possible and finally get into shape where your wallet is concerned.

What Kind of Book is The Total Money Makeover?

book cover

The Total Money Makeover is written as a self-help book. It’s even been compared to popular self-help books like, Your Best Life Now and 7 Habits of Highly Effective People because of the reader-friendly way it is written. It’s an engaging book with lots of real-world examples and stories from real people who have actually gone through Dave Ramsey’s baby steps and seen results. These short anecdotal stories throughout the book help all of Dave Ramsey’s concepts make clear common sense.

The book also includes a lot of motivational help along with the tips and advice. One of the biggest factors that holds people back from taking full control over their finances is the proper motivation and encouragement to make necessary changes to their lifestyle. Dave Ramsey helps with that too, giving you the fresh outlook you need to understand your goal and the rewards you can gain.

Dave Ramsey is also a Christian, so his books often have a religious undertone. So you may find him referencing Bible verses every so often in this book, and tackling religious views and practices with regard to money as well.

What’s in the Book?

The Total Money Makeover is essentially a step-by-step guide for how to go about your own personal money makeover journey. These steps are based on Dave Ramsey’s key money philosophies. Dave Ramsey has strict beliefs about not ever using debt, loans, or credit cards. He believes that our society today is too dependent on credit and that true financial freedom only comes when you live a completely debt free life. So the first steps in his plan are all about helping you get out of debt, and then setting you up to never get into debt again.

Simple and straightforward advice.

Dave Ramsey’s book became so popular probably because of how easy it is to follow his clearly set plan. Each step is specific enough to leave no doubts about what exactly you need to do, making his plan one that anyone can follow and find success. It also helps that he is never vague about his advice, but rather he is extremely straightforward, open, and honest.

Dave Ramsey has no get-rich-quick schemes. He’s more about using honest work, responsibility, and common sense to reach your goals. So you won’t find any crazy secrets to financial stability and success in his book, you’ll just finally learn to implement the basics in a way that really works.

A change in perspective.

Another reason people enjoy Dave Ramsey’s teachings is because he doesn’t pretend that money is what brings happiness. He’s realistic and believes that money is a tool to create stability and contentment in our lives, not the secret solution to all our problems.

He eloquently tackles many mental barriers and misconceptions many of us have about money, and works to not only change your behavior with money, but your perspective about money as well. One thing he talks about a lot is getting over the need to “keep up with the Joneses.” Often in life we compare ourselves to others in unhealthy ways, and sometimes those comparisons can lead us to make poor financial decisions for superficial reasons. So, when you read the Total Money Makeover be prepared to gain a whole new outlook on the purpose of money, and break free from comparing yourself to others.

The Money Makeover Baby Steps:

The main event of this self-help read are the baby steps the reader can take to reach financial peace and freedom. You can read a more detailed article about each of the 7 baby steps that Dave Ramsey will go through in this book, but we’ll go over a quick outline of those steps here too.

Emergency Fund

The first step in Dave Ramsey’s 7 step plan is to basically get your financial life in order. The road to stability starts by setting up your finance in a certain way. This begins with setting up an emergency fund. You can start with at least $1,000 in your emergency fund but eventually you’ll want to work your way toward having at least 6 months’ worth of expenses in your emergency fund at all times.

Debts

Once you start getting your emergency fund in place, it’s time to focus all other monetary efforts toward annihilating all your debts. He goes into more detail about this in the book. For example, he suggests you start with your smallest debts first and work your way up to your larger ones. He also recommends you save paying off your mortgage for last. But eventually the idea is to throw everything you can at your debts until they are all completely wiped out.

Build Wealth

Now it’s time to build wealth and continue saving. Since Dave Ramsey argues you should pay for everything in cash, continually building up your financial stores is an important aspect of the Dave Ramsey lifestyle. You have to have enough in savings to cover all your costs completely with cash.

In the book Dave Ramsey goes into more detail about what savings you should prioritize. He advises that you first complete your 6 months’ worth emergency fund if you haven’t gotten there already. Then he suggests you work toward saving for retirement and (if you have kids or plan on having kids) your children’s college funds.

Things You Can Do Differently:

Dave Ramsey’s primary goal in all of this is to help people get out of crippling debt and stay out of it. But there are modifications you can make to his more rigorous financial plan.

You can choose how much you want in your emergency fund.

If you’re a college student then putting aside even $1,000 may be more difficult for you. But that’s ok! Just put aside what you can. Even just adding $5 to $10 a month into an emergency fund is better than having no emergency fund at all.

Likewise, if you’re more settled in life it might be easier for you to put even more than $1,000 aside into an emergency fund. It really doesn’t matter how you do it, what matters most is that you start accumulating that safety fund in order to be more prepared for surprise expenses in the future.

You can still use credit cards and loans.

Dave Ramsey may believe in using only cash to pay for things but there are advantages to using credit cards and installment loans. When used responsibly using credit can help boost your credit score and get you the things you need to have a comfortable life. Credit cards can also provide lots of perks outside of boosting credit scores. Some credit cards come with special points that can go toward paying for things like groceries and traveling. So long as you understand your limits and include loans and credit payments in your carefully calculated budget and financial plans, you’ll be just fine.

Should I Read This Book?

You may now be wondering whether you should give this book a read or not. You should definitely read this book if . . .

  • you are in debt
  • you have trouble managing your money or realizing where your money goes
  • you have trouble making a budget

If you are looking for a book with more specific details about financial topics (like investing, or small businesses) then you should check out Dave Ramsey’s other books that go more in depth on complex financial topics. The Total Money Makeover doesn’t expound upon these topics too much since it was written more as a beginners guide to Dave Ramsey’s financial baby steps.

 

READ MORE

Check out some other helpful reviews about Dave Ramsey’s book, the Total Money Makeover:

Review: The Total Money Makeover

The Total Money Makeover Review

Goodreads


The Best Books by Dave Ramsey

dave ramsey books

Table of Contents:

Dave Ramsey is a New York Times bestselling author, and a radio show host on the The Dave Ramsey Show. You can find his books wherever you buy books and you can listen to his radio show wherever you listen to podcasts or the radio. All of his books are also on Amazon, where you can find the kindle versions for your e-reader, or audiobook versions so you can learn all about finances on the go.

When getting into Dave Ramsey’s books people often wonder which book they should start with? If you want to read Dave Ramsey’s books in order there are a couple routes you can go. You can read them in the order he wrote them, or read them in order of the things you learn in each book.

Dave Ramsey’s Books in Chronological Order:

If you want to read all of Dave Ramsey’s books in order, you can follow this master list of all his books so far.

1992 – Financial Peace

1993 – Dumping Debt: Breaking the Chains of Debt

1998 – The Financial Peace Planner

1998 – More Than Enough

1999 – More Than Enough: The Ten Keys to Changing Your Financial Destiny

2000 – How to Have More Than Enough: A Step-by-Step Guide to Creating Abundance

2002 – Cash Flow Planning: The Nuts and Bolts of Budgeting

2002 – Financial Peace for the Next Generation

2003 – The Total Money Makeover

2003 – The Great Misunderstanding: Unleashing the Power of Generous Giving

2004 – The Money Answer Book

2008 – Relating with Money: Nerds and Free Spirits Unite!

2011 – Dave Ramsey’s Complete Guide to Money

2011 – Dave Ramsey’s High Performance Achievement: Accomplishing the Extraordinary

2011 – EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches

2014 – Smart Money Smart Kids

2014 – The Legacy Journey: A Radical View of Biblical Wealth and Generosity

Dave Ramsey Kid Books: Life Lessons with Junior

kid books

4.38 stars on Goodreads

Life Lessons with Junior is a series of children’s books written by Dave Ramsey. In them he goes over all the most basic concepts of money management. Following Junior’s adventures can teach your kids all about monetary responsibility in clear simpler terms they’ll understand. He goes over everything from spending, debt, saving, work, giving, contentment, and integrity. Don’t miss out on gracing your household shelves with these great childhood reads with life lessons your kids will keep with them all their lives.

Smart Money Smart Kids

smart money smart kids

4.26 stars on Goodreads

Smart Money Smart Kids is a book that Dave Ramsey wrote with his daughter, Rachel Cruze. It is a book that teaches parents all about how to teach their kids about money. Part of good parenting is preparing your kids to be responsible, independent adults someday and a big part of being an adult is knowing how to manage your money. In this book Dave Ramsey and his daughter will tell you all about how to raise kids who are smart about their money.

If you’re looking for something from Dave Ramsey that can specifically help your teens, check out his article, “A Teenager’s Guide to Building Wealth.”

Dave Ramsey also has a great recommendation for a college 101 bundle that includes Debt-Free Degree by Anthony O’Neal and The Graduate Survival Guide by Anthony O’Neal and Rachel Cruze.

Financial Peace

financial peace

4.31 on Goodreads

Financial Peace is one of Dave Ramsey’s first books, but he has since revisted the book, renaming it, Financial Peace Revisited: New Chapters on Marriage, Singles, Kids, and Families. This newer edition of his first book now includes more information for married couples, singles, children, and families. This book is also where he introduces the KISS rule, which stands for “Keep It Simple, Stupid.” It’s about getting out of debt and staying out of debt and the idea that you should use contentment to make your financial decisions. It also goes over how to manage money flow and investing.

One of the primary keys to understanding your finances and being able to take control of them is to manage the flow of your money. A lot of people just let money flow as it does, not really thinking too much about where it’s coming from and where it disappears. But if you learn to take full control of where all your funds are going then the problem of disappearing funds won’t happen to you and you can find financial peace.

The Total Money Makeover: A Proven Plan for Financial Fitness

total money makeover

4.28 stars on Goodreads

A large part of what makes makeovers so fun is the joy of reaching your goals and having a different life and a different you at the end of your journey. But have you ever thought about going on a similar makeover journey with your finances? Dave Ramsey will show you how.

The Total Money Makeover may be one of Dave Ramsey’s most popular books. He talks about some of his most famous money tips all while debunking myths about money. He brings a simpler, more straight forward approach to money management that anyone can understand and utilize in their life, no matter their financial situation. Dave Ramsey says that this book can work every time, all you have to do is follow his steps.

Complete Guide to Money

complete guide to money

4.44 stars on Goodreads

In this comprehensive guide Dave Ramsey goes over all his basic financial tips and lessons—How to Budget with Dave Ramsey, how to save, how to get out of debt, how to invest, mortgages, insurance, marketing, bargain hunting, and giving. Anything you want to know when it comes to money, you can find in this master guidebook.

The Money Answer Book

money answer book

3.82 stars on Goodreads

The Money Answer Book is a quick read with questions and answers to more than 100 common money questions! It’s a fast guide that goes over budget planning, retirement planning, shopping tips, saving for college, giving to charity, and so much more. If you need something you can quickly leaf through to find the answers you’re looking for.

How to Have More than Enough: A Step-By-Step Guide to Creating Abundance

more than enough

4.11 stars on Goodreads

How to Have More than Enough is the newest version of Dave Ramsey’s earlier book, More than Enough. Once you have gotten out of debt, he has more down to earth advice about building wealth. Dave Ramsey’s perspective is unique because he doesn’t just talk about monetary wealth, he talks about having a wealth of happiness. He takes it a step further by talking about finding wealth in relationships and in your family. In this book he goes through 10 traits you need to be prosperous in life beyond your financial situations.

EntreLeardership

entreleadership

4.21 stars on Goodreads

In EntreLeadership Dave Ramsey talks about how he built his company, and how to be a strong leader. He talks about how to grow as a leader and the questions you should ask yourself in order to develop yourself. This book has doable, step-by-step guidance to follow to become a better leader and watch your business grow as you do.

He talks about inspiring and unifying your team, handling your business finances, and reaching your business goals. If you are making your own business and you need some pro tips about leadership, this book is what you want. But you can find great insights in this book no matter what you are doing with your life right now. If you are a parent you can use it with your family or at work you can use it with your coworkers! This is because leadership is really all about functioning efficiently as a team and reaching your goals together.

What Books Does Dave Ramsey Recommend?

We’ve talked all about books that were written by Dave Ramsey, but what about books that Dave Ramsey recommends? There are many other great financial reads you can find on Dave Ramsey’s website. You can also read more about Dave Ramsey’s steps to reach financial steps by reading, “Dave Ramsey’s 7 Baby Steps.” Here are just a few book suggestions from Dave Ramsey:

Dave Ramsey’s Book Club

If you’re interested in really tackling your finances with Dave Ramsey’s sage wisdom you can actually join Dave Ramsey’s official book club! All you have to do is create an account on his website and then join the book club (fees may apply). Then, at the beginning of each month you’ll receive Dave Ramsey’s book club book of the month in the mail. You’ll also get an email with details about when the live book discussion will happen on the private book club Facebook page along with a study guide to use as you read.

For more answers to any questions you may have about the Dave Ramsey book club, just visit the book club’s FAQs Page.

 
Dave Ramsey along with his many inspiring books have helped a lot of people get back on their feet financially. You can take on his financial fitness challenge too and manage your money like never before.

Another way you can get some needed financial help is to take out an Installment Loan at Check City! Installment loans can help you stay on top of your bill payments and avoid late fees, which can really hurt your long-term financial goals.


How to Budget with Dave Ramsey

Explore this Article
Step 1: List Total Income
Step 2: List Total Expenses
Step 3: Plan Your Spending
Step 4: Keep a Record
Free Budgeting Worksheets

dave ramsey budget

Everyone wants to have more power over their money and be at the mercy of strict finances less. What many people don’t realize is that the key to financial freedom is a strong budget.

Budgeting gets a bad rap sometimes as being too time-consuming, or by restricting your finances too much. But all you need is these 4 steps to make a budget, and once that’s done, you’ll find yourself getting out of debt, saving more, and becoming more financially free and comfortable in the long term.

Dave Ramsey has an article named, “Learn How to Budget” on his blog where he briefly outlines his simple 4 step process to creating a blog. So stop living in the monetary moment, and start living for the financial long term—it really is worth the 5 minutes it’ll take you to go through these 4 steps and create your own simple budget.

Step 1: List Total Income

total income

Dave Ramsey’s first step to creating a budget is, “Write Down Your Total Income.”

The very first step to creating any budget is to list all your sources of income and add them together to have a total income amount at the top of your budget. Dave Ramsey recommends that you use what he calls “take home pay” when adding up your total income. Take home pay refers to net income rather than gross income.

Net Income: Net income refers to your total income after taxes. It is sometimes called “take-home pay” because this is the amount that actually reaches your bank account after taxes get taken out.

Gross Income: Gross income refers to your total income before taxes.

You can find out your take home pay by finding the percentage of income tax for your state and subtracting that percentage from your monthly income.

Make sure you include all sources of income, including any second jobs, any freelancing, or side gigs.

Step 2: List Total Expenses

expenses

Dave Ramsey’s second step to creating a budget is to, “List Your Expenses.”

List all of the regular expenses you have every month. This includes anything and everything you’re your mortgage, utilities, rent, insurance, HOA fees, groceries, gas, subscriptions, clothing, debts, phone bills, etc.

One of the best ways to determine what all your regular expenses end up being is to look at your bank statement for the past month or couple of months and find the average amount you spend each month on everything.

Step 3: Plan Your Spending

spending

Dave Ramsey’s third step to creating a budget is to, “Subtract Expenses from Income to Equal Zero.”

The type of budget that Dave Ramsey suggests you make is called a zero-based budget. This is when your income minus your expenses equals zero. So every single dollar you make goes to some kind of category listed in your budget, not a single cent is unaccounted for. This is a good budget type because every single dollar you make has a purpose.

You do the most math in step 2 of Dave Ramsey’s budget plan. Divide up your monthly income into all your different expense categories until you reach zero. If, at the end of your budgeting calculations, you are above zero then you have funds that could still be going somewhere, like to the emergency fund. If you are below zero you have to reduce expenses somewhere so you don’t end up losing money each month.

Step 4: Keep a Record

record spending

Dave Ramsey’s fourth step to creating a budget is to, “Track Your Spending.”

Now you just have to keep track of all your transactions to make sure you stay in the budget guidelines you created for yourself in step 2 and 3. Figure out the best way for you to keep track of all of your transactions so that you can make sure you don’t go over in any of your budgeting categories.

There are a few ways you can keep track of your spending. You can use any number of budgeting apps, a detailed checkbook, another form of paper note taking, the cash envelope system, the cash wallet system, or prepaid debit cards.

Budget Apps

Dave Ramsey suggest you use the EveryDollar app as your budgeting app.

Checkbook

Using checks can make budgeting a lot easier. Every time you write a check a copy of the check gets written on the slip behind each individual check. By keeping these personal check receipts you can keep perfect track of all your transactions. You can also use the section in the back of your checkbook to jot down the details of all your spending.

If you want to learn more about the advantages of checks and how to balance a checkbook check out these helpful articles, “How to Write a Check” and “6 Advantages of Using Checks.”

Notebook

If you don’t want to use checks, you can still use a paper recording system to keep track of all your spending. You can find notebooks that are ready for this purpose on Amazon by searching budget workbook or expense tracker notebook.

Cash Envelope System

A cash envelope system is when you divide your cash up into different envelopes that are then assigned specific purposes. For example, you could have an envelope for bills, another for groceries, and another for gas. This way, you can only use those strict cash amounts to make purchases. The cash envelope system is a great option for those who have a lot of difficulty staying on budget and not overspending.

You can even purchase envelope systems on Amazon as well by searching cash envelope system where you’ll find envelopes and filing systems you can use to keep your cash organized.

Cash Wallet System

Another way to use the cash envelope system is to use a wallet with enough cash dividers for all your budgeting sections. These cash system wallets are helpful because you can keep all your cash organization neatly zipped up in one wallet. You can also use your wallet for your cards and checkbook as well.

Free Budgeting Worksheets

Tracking your spending in a way that works well for you might be the most taxing part of budgeting. But with these tips you can make recording expenses a breeze.

Some other things you can use to make budgeting even easier is one of Dave Ramsey’s budget forms. Any of these budget forms from Dave Ramsey’s website are free to use and can help you budget and plan.

Specifically his Monthly Cash Flow Plan can help you go through the steps and organize your funds according to Dave Ramsey’s easy money flow plan.

If you need a more simplified version of this budget form you can find it with Dave Ramsey’s Quick Start Budget.

 
Budgeting doesn’t have to be a colossal pain, and it doesn’t have to make your life sad and restricted. In fact, using a budget can be your key to long-term financial freedom.
 

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Are you a college student in need of some budgeting help? Check out this article, “Budgeting for College Students 101.”

Read another article all about how to make budgeting easy, “Budgeting in 4 Easy Steps.”


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