Move over, credit cards—Americans now owe about $1.5 trillion in outstanding debt for U.S. consumers according to the Pew Research Center, surpassing what’s owed on credit cards and auto loans. Is all this debt worth it, and how can you keep college debt in check?
Divorce can be a long and painful process – but add debt issues to an already emotionally heated experience and the fire can quickly rage. To cool the situation down and do the right thing for you both, it is important to know these 5 basic facts about debt and divorce.
Your boss calls you into the office with great news: You've earned a raise, or perhaps you're getting a bonus for all the hard work you've done this year. Now you can buy those shoes you’ve been eyeing, or replace your old iPhone with the latest iteration.
While the urge to celebrate and reward yourself is understandable, hold onto your wallet and think before spending. Putting your long-term goals ahead of short-term needs can make your money work harder for you in the long run, reduce crippling debt, or boost savings for a rainy day or a sunny retirement.
Here are five things you can do with that raise that'll help you reach your financial goals:
You’ve got the skills. You’ve got the experience. But you’re worried your credit reports may hold you back from getting that dream job. And to make matters even more aggravating, you have no idea what exactly the hiring company will be looking for on the reports. While it’s not possible to say what any particular company looks for on a credit report when making hiring decisions, there are certain items that employers frequently mention as credit-related reasons for passing over certain candidates. Here’s a list along with the steps you can take to address the impact of the negative information.
Do you have plans to pursue a higher education degree? Let’s face it, an education at a college, career program, or graduate school is expensive. Most students need some kind of assistance, and navigating the student loan options available can be difficult. Here is a quick overview of the best current options for new college students and their families.
Despite the popularity of credit card accounts, it’s easy to for holders to make mistakes that can cost them money. These are the top blunders to avoid:
How do you know if you have too much debt? Whether or not you have too much debt is not always easily determined. However, there are certain signs that indicate that you are indeed experiencing some major financial trouble. It is important to be able to recognize these signs and to watch out for them in order to avoid the severest forms of financial trouble: bankruptcy and foreclosure.
A $2,000 balance on your credit card – how did that happen? (Oh yes, dinner at Chez Fifi, new tires, school clothes for the kids…) Thankfully the minimum payment is only $38. You can afford that!
The job market looks good for new college graduates. Last year's college graduates entered the strongest job market in over a decade and good news for 2019 graduates -- employers plan to hire 16.6 percent more new graduates than they did last year. And if you chose a hot field of study, you may have several offers to choose from after graduation. That’s great, because before you know it, you'll be repaying the loans that helped you get your degree.
Unfortunately, when you get sick or injured, getting better is often not the only concern. Even if you have health insurance, hefty medical bills can hang over your head like an ominous rain cloud. Many people feel that they have no choice but to ignore the bills or eventually file for bankruptcy. However, these are not the only options. There are many ways you can make paying your medical bills more manageable.