If you’re part of the 54 percent of American taxpayers anxiously anticipating a tax refund this year, you should have an action plan for that money once it hits your bank account. According to the IRS, the average refund last year was $2,860. That’s a nice chunk of change that can have a huge impact […]
Next to physical health, getting financially fit tops many New Year’s resolution lists every year. If getting your finances back on track in 2017 is one of your main goals, use some of these tactics to make your wallet happy.
Student loans are one of the top three common sources of debt for many Americans. In fact, NPR reports Americans have about $1.3 trillion in student loan debt alone. That’s a scary figure! The reality of the debt situation is troubling for a number of reasons. Chief among them? The fact that many of those borrowers […]
Since money means different things to different people, it’s no surprise myths are abundant. Friends, parents, teachers, and even those you look to as financial professionals, can perpetuate these myths. So let’s examine five of the most common money myths that you may still believe.
Many money guidelines are helpful tools, but generic personal finance advice can end up hurting your wallet. For obvious reasons, your budgeting strategy needs to be tailored to your specific financial goals. Tips to help divide your budget into specific spending categories can help get you started, but it’s often easier said than done. For example, what […]
Your credit report and credit score are two of the most vital measurements of your financial health. Tweet this Properly caring for them puts you in the position to save thousands of dollars during the course of your life. Why? Because your credit report and credit score play a large role in determining how high […]
Everyone has an opinion about money and how it should be spent. Ever hear that you should avoid debt at all costs? Or that home ownership should be your ultimate financial goal? Well, those are common beliefs, but they aren’t necessarily true for everyone. Here, we look at five all too common money myths.
When people go through a financial crisis, sometimes bankruptcy is the best or only solution. For example, when someone has insurmountable debts, often due to one-time events such as divorce, catastrophic illness, or business failure, bankruptcy may be the best way to overcome debt that person has no way of ever paying back. By “bankruptcy,” […]
Should I use cash or credit? This is a question that many consumers are asking because of the current economic uncertainty in our nation. In fact, revolving credit—largely made up of credit card debt—fell by nearly 20% last year according to the Federal Reserve. Credit card usage is definitely slowing due to less borrowing by […]