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Personal Finance
How do you turn $20,000 into more than $42,000? If you’re talking about credit card debt, all you need to do is make minimum monthly payments. At a minimum payment…
We are a nation of financial dunces. For proof, try answering this question. Why should want to improve your credit score? To save money when purchasing a car with a…
I can’t remember the last time I paid a friend back in cash. That thought was an eye opener to me. I’m only 22 years old and I’m watching cash…
It’s the least wonderful time of the year for millions of cash-strapped Americans thanks to three letters – I-R-S! Income tax returns are due April 18, but what if you…
One morning, the sound of raindrops wakes you up and your first thought is “Not another rainy day! And your second one is, “I’m late for work!” You make a…
Generally speaking, negative marks remain on your credit report for seven years, though Chapter 7 bankruptcy stays on for 10 years. The important thing to remember is that the impact…
Kenny Rogers is a singer, not a debt management adviser, but if you want financial security, take his famous words of poker wisdom: You’ve got to know when to hold…
The government just gave a raise to a lot of Americans who really need one. Now they just have to make sure Uncle Sam keeps his hands off the money.…
After a year of political upheaval and economic uncertainty, it might come as a relief that 2017 holds few surprises for retirement savings. For the fourth year in a row,…
More than one-third of college students say managing a bank account is a major cause of stress. Also, 12% say they never check their bank account balance because it makes…
Sources:
- N.A. (2021, January 27) Mental well-being inherently connected to financial wellness. Retrieved from https://www.purdue.edu/newsroom/purduetoday/releases/2021/Q1/mental-well-being-inherently-connected-to-financial-wellness.html
- N.A. (2022, August 2) Total Household Debt Surpasses $16 trillion in Q2 2022; Mortgage, Auto Loan, and Credit Card Balances Increase. Retrieved from https://www.newyorkfed.org/newsevents/news/research/2022/20220802
- DeMatteo, M. (2020, March 31) How to save for an emergency if you already have credit card debt. Retrieved from https://www.cnbc.com/select/how-to-save-emergency-funds-with-credit-card-debt/
- Dilworth, K. (2022, August 3) Average credit card interest rates: Week of August 3, 2022. Retrieved from https://www.creditcards.com/news/rate-report/
- N.A (March 2021) Consumer Credit Outstanding March 2021. Retrieved from https://www.federalreserve.gov/releases/g19/current/