Category Archives: Debt

5 Tips and Strategies for Introducing Children to Personal Finance Issues

5 Tips and Strategies for Introducing Children to Personal Finance Issues

It’s a sad fact that the public school system in the United States does little to introduce children to the concept of money and financial responsibility. Even at the college level, colleges typically only offer such classes as an elective, if at all. The results of this lack of financial education are clear: a report… Continue Reading

These Are 5 of the Steps You Need to Consider If Your FICO Score Is 740 or Above

These Are 5 of the Steps You Need to Consider If Your FICO Score Is 740 or Above

Repairing a poor credit score takes a lot of diligence and work, but the payoff can be very exciting. For many people, reaching a credit score of 740, which is widely accepted as the threshold between good and very good credit, is a major milestone. At this point, individuals become candidates for virtually any form… Continue Reading

5 of the Best Smartphone and Online Apps for Becoming Debt-Free

5 of the Best Smartphone and Online Apps for Becoming Debt-Free

Modern technology provides a wide range of tools for taking control of our personal finances. While many people have heard of Credit Karma, which provides guidance with improving personal credit scores, or Mint, a budgeting app, individuals may be unaware of the many specialty personal finance apps out there. For example, a number of excellent… Continue Reading

5 Enlightening Tips for Managing Debt Effectively after Retirement

5 Enlightening Tips for Managing Debt Effectively after Retirement

In an ideal world, people retire after they have paid off all of their debt. However, this is not always possible for a variety of reasons. While you should try to eliminate debt in the years leading up to retirement, many people stop working while they still have monthly credit card bills, mortgage payments, and… Continue Reading

7 of the Best Free Online Courses to Learn More about Personal Finance

7 of the Best Free Online Courses to Learn More about Personal Finance

No one is born with innate financial knowledge. Unfortunately, this truth means that many Americans will have some major regrets in terms of how they handle their personal finances. On the other hand, individuals today have more tools than ever before to learn about personal finance and possibly avoid some of the most common mistakes.… Continue Reading

5 of the Most Problematic Personal Finance Regrets Americans Face

5 of the Most Problematic Personal Finance Regrets Americans Face

A survey that Bankrate conducted last year showed that only 20 percent of American adults have no financial regrets, while more than 70 percent of respondents said there were very specific mistakes that they wish they had not made. Among the respondents’ biggest regrets, the one cited most often was not starting retirement savings early… Continue Reading

7 Personal Finance Strategies You Need to Know if You Are in Your 40s

7 Personal Finance Strategies You Need to Know if You Are in Your 40s

Once individuals hit their 40s, they need to focus on securing their finances so that they are ready for retirement and other demands. During this time, kids may be preparing to start college and parents may need expensive nursing care. Consequently, our 40s prove extremely stressful in terms of finances, and this makes it extraordinarily… Continue Reading

5 Tips for Getting the Best Deal on Your Auto Loan

5 Tips for Getting the Best Deal on Your Auto Loan

Auto loans are generally one of people’s largest expenses, behind mortgages and student loans. When purchasing a car, you should not wait until you are at the dealership to think about financing. With a little preparation, you can get a great deal that will save you thousands of dollars in the long run. Since cars… Continue Reading

3 Things You Need to Know about Loan Interest Rates

3 Things You Need to Know about Loan Interest Rates

One of the most confusing aspects of taking out a loan is figuring out exactly what the interest will cost. Several different types of interest exist, and individuals should try to have a basic understanding of each of these categories before they even begin shopping for a loan—and certainly before signing any loan agreement. In… Continue Reading

5 of the Best Ways to Protect Personal Information After a Data Breach

5 of the Best Ways to Protect Personal Information After a Data Breach

Recently, Equifax made headlines after it suffered a massive data breach affecting over 140 million individuals. The breach included data such as customer Social Security numbers, addresses, and birth dates as well as driver’s license numbers. For the most part, passwords were not compromised and only a few credit card numbers were revealed. People affected… Continue Reading