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Debt & Finance Blog

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Should You Be Investing While You Are In Debt?

By Joey Johnston | April 28, 2021

The stock market is setting records every week, which creates a real temptation for people in debt. Every time you turn on the TV there are ads for everything from…

Hands counting extra income earned from a side job

19 Side Jobs to Make More Money

By Tom Jackson | March 29, 2021

Money is tight – we get it. But thanks to the internet and technology, it’s easier than ever to make a few extra bucks from the comfort of your own…

Buy Now Pay Later

What Is Buy Now Pay Later (BNPL)?

By Tom Jackson | February 4, 2021

Buy now and pay later is taking the market by storm, but will you be taken to the cleaners if you indulge in this online purchasing craze? That’s all up…

Parking sign that says "NO DEBT PARKING"

Beware of Debt Parking

By Tom Jackson | January 21, 2021

Dealing with debt collectors already is an unpleasant encounter, but some collectors have found a way to sour the experience even more. It’s called debt parking and if you haven’t…

Car Payment Calculator

I Can’t Afford My Car Payments – What Are My Options?

By George Morris | October 15, 2020

Gas, insurance, and routine maintenance aren’t the only car expenses that can catch you off guard. Registration fees, toll roads, and parking payments can all contribute to a financial sum…

Stack of bills payments that have been deferred

Beware of Forbearance and Deferred Payments

By Tom Jackson | July 2, 2020

If there’s an upside to the economic trauma brought about by the coronavirus pandemic — stipulated: we’re straining  for a silver lining here — it’s the number and variety of…

Paperwork with furlough stamp

How to Manage Debt While on Furlough

By Tom Jackson | May 7, 2020

Remember the good old days? Just a few long months ago, the economy was roaring and nobody outside Wuhan had ever heard about coronavirus. Now millions of Americans are in…

Pink Slip that reads Layoff Notice

What to Do When You Get Laid Off

By Tom Jackson | March 17, 2020

Layoffs are a common experience — 40% of workers report having been laid off at least once and according to the Bureau of Labor Statistics, nearly 1.6 million workers were…

Military man holding out money in front of flag

How To Manage Debt For Active Duty Military, Veterans, & Their Families

By Tom Jackson | February 20, 2020

Joining the military means sacrifice. It shouldn’t mean you give up financial security and end up in debt. Unfortunately, service personnel often struggle more than civilians with paying bills. A…

Create a Special Valentine’s Day on a Budget

By Joey Johnston | February 11, 2020

Love makes people do foolish things. Nothing is more foolish than going into debt for Valentine’s Day. We’re not anti-love. We just want you to celebrate Valentine’s Day without losing…

Sources:

  1. Butler, D. (2020, May 5) Historical S&P 500 Returns. Retrieved from https://www.thestreet.com/investing/annual-sp-500-returns-in-history
  2. Dilworth, K. (2021, April 14) Average Credit Card Interest Rates: Week of April 14, 2021. Retrieved from https://www.creditcards.com/credit-card-news/rate-report/
  3. Gravier, E. (2021, March 10) Here’s the Average Interest Rate on Private and Federal Student Loans – Plust What to Look Out For. Retrieved from https://www.cnbc.com/select/average-interest-rate-on-private-and-federal-student-loans/
  4. Gravier, E. (2021, Jan 22) President Biden’s executive order extends federal student loan payment freeze for 8 months—what experts say borrowers should do. Retrieved from https://www.cnbc.com/select/biden-extending-federal-student-loans-freeze.
  5. N.A. (ND) 30-Year Fixed Mortgages Since 1971. Retrieved from http://www.freddiemac.com/pmms/pmms30.html.