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debtA scary statistic has been recently released by the Urban Institute after they studied and analyzed the credit files of 7 million Americans; more than one third of Americans have debt in collections. Having debt in collections means that the debt an individual owes is so far past due that the account has been closed, […]
“[Graduates in debt] start out with an anchor that slows their progression toward future goals,” Ernie Almonte, chair of the AICPA’s National CPA Financial Literacy Commission, said in a statement. 41% of the more than 200 people (according to a survey from the American Institute of CPAs) said they have delayed saving for retirement, 40% […]
The class of 2012 will graduate with more than two-thirds of students in debt of an average of $25,000 in student loans! According to a recent article by the Wall Street Journal, this student loan debt is in addition to the average of $4,000 in credit card debt. Whether you have a job lined up […]
As the first month in 2012 is coming to a close, how are your finances looking after the 2011 holiday season? Are you making a conscious effort to pay back that debt? To finish up our series on how you can save to reduce your debt, try out these few tips to get back into […]
In December, many people loosened their spending reigns and jumped into the spirit of the holidays with SHOPPING! But now, with your credit card bills rolling in from the holidays, don’t wait to pay them off! A survey by Consumer Reports shows that 14.1 million or 6% of Americans admitted to still owe for their […]
According to recent studies, the average American household has over $15,000 in debt. The best way to do your holiday shopping this season is to avoid accumulating debt in the first place. Since Christmas is less than two weeks away, it is important to still follow a few tips when doing your last minute shopping. […]
We’ve grown accustomed to using our credit cards for almost everything – gas, travel, shopping, etc. But a recent article by MSN Money tells card holders they should use caution when making certain purchases to avoid credit card trouble. Here are four times when you should steer clear or use caution when using plastic: When […]
Many of times we don’t consider the everyday aspects of life and how they may impact our finances. There are major mistakes that people make all the time that jeopardize their financial careers. Here are five mistakes that are easily avoidable: Excessive spending and debt – Many people use credit cards to pay for items […]
We realize that this is a long post, but for anyone struggling with student loan debt, it is worth the read. For recent graduates, the stress of paying off a student loan can become nerve-wracking. As we mentioned in last week’s post, some student loans are interest-free for the first six months. If your income […]
May and June are the months to celebrate graduations – to some, the beginning of adulthood. Whether you are graduating from high school or college, there are certain money tips recent grads should follow to get started on the right food – and avoid debt and other financial problems. Here are our top five picks: […]