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Nearly 1 in 4 Americans Aren’t Prepared For a Financial Emergency
Many of us are not prepared for a financial emergency. In fact, nearly 1 in 4 Americans have bigger credit card bill than emergency fund, according to a new report from Bankrate.com. The survey found that 21 percent of respondents say their credit card debt is larger than the amount they have saved in case […]
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Is Your paycheck Bigger Thanks to the New Tax Bill?
American workers might be seeing a bit of a bump in their take-home pay, thanks to the new tax bill that President Trump signed into law in December of 2017. The U.S. Department of Treasury and the Internal Revenue Service estimate that under the new tax bill, 90 percent of wage earners will see an increase […]
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College Students and Credit Cards – Good and Bad News For Parents
College students are racking up student loan debt at record levels, but, when it comes to college students and credit cards, it turns out they are pretty cautious spenders. That’s the good news! A Sallie Mae report found that nearly two-thirds of college students pay their credit card balance in full each month and 26 […]
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Spring Cleaning For Your Finances Infographic
As the long cold days of Winter finally wrap up, we all anticipate the long-awaited spring weather! Spring is a time for new beginnings, fresh starts and cleaning up the things we haven’t paid attention to in awhile (like our lawns, flower beds and garages.) If you are like most people, Spring is a time […]
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Valentine’s Day Spending Infographic
Valentine’s Day is just around the corner, and consumers are spending big bucks to show our love! According to the National Retail Federation, Valentine’s Day spending by consumers worldwide is expected to top 19 billion, near record levels! The average U.S. consumer is expected to spend roughly $143.56 on the holiday. Shoppers will spend more than […]
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Debt Consolidation: Will it Hurt Your Credit?
Your debt is starting to feel unmanageable. You can’t continue to juggle minimum payments and carry balances that don’t seem to go down. Something has to give. If you’re researching options for debt relief, you’ll likely come across two popular terms: Debt Management Plan and Debt Consolidation Loan. How do they work? How will they […]
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5 Quick Tips For Dealing With Debt Collectors
Let’s be honest, being in debt isn’t fun. Nobody wants to have debt or the worry that goes along with it. For some people, the worst part of debt is dealing with debt collectors. They’re the ones who can make anyone hesitate to answer their phone. Stories of debt collectors preying on and intimidating consumers […]
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Ready to Buy a Car? Check Your Credit Score First
Need a reason to check your credit score? A new study from WalletHub finds that buyers who have “fair” credit will end up spending about five times more to finance a new vehicle than somebody with excellent credit. The study, part of WalletHub’s third quarter auto financing report, estimates that not having a top credit […]
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Equifax Data Breach – What To Do Now
Equifax, one of the nation’s 3 credit reporting agencies, recently reported a data breach that could potentially impact 143 million Americans. If you have a credit report, your personal information could be at risk. If you have been the victim of a data breach, you may be wondering what to do now? It may seem frightening, but […]
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Buyer Beware: Watch Out For Deceptive Car Ads
There’s no question: Buying a car – used or new – is expensive. The average price for a new car topped $34,000 in June 2017, according to Kelley Blue Book analysts. Meanwhile, in 2016, the used-car transaction price reached a record high at $19,200, according to Edmunds. Considering that financial experts recommend the 20/4/10 rule […]