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To create financial stability, you’ll need to spend less than you earn and set money aside for savings. Of course, that’s easier said than done. You can start laying the foundation for financial stability by budgeting for housing and other needs, deciding how much to spend on discretionary purchases and building your emergency fund. Here’s […]
7 Steps to Create Financial Stability Read More »
From September 2020 to September 2021, total mortgage debt grew by 7.6% to reach $10.3 trillion, according to Experian data. Mortgage balances are by far the largest component of American consumer debt, comprising more than two-thirds of the collective $15.3 trillion in debt Americans carry. As illustrated in Experian’s recent 2021 consumer debt review, the
Total Mortgage Debt Increases to $10.3 Trillion in 2021 Read More »
Advertising disclosure: Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. More than a million student loan borrowers are entitled to automatic relief thanks to recent court settlements and rule changes from the U.S.
More Than 1 Million Borrowers Qualify for Automatic Student Loan Relief — Are You One? Read More »
As easy as it is to use credit cards to pay for unexpected expenses or anticipated major outlays, high interest rates can keep those loan balances outstanding for a long time. A better strategy may be to take a look at personal loans. These are unsecured installment loans that are generally available for any purpose.
9 Best Personal Loans of 2022 Read More »
If you think you can’t get financial aid for college because your parents make too much money, it’s worth your time to fill out the FAFSA, aka the Free Application for Federal Student Aid. Why? Eligibility for financial aid depends on a number of factors (we’ll explain in a minute), but families who assume their
Should I Apply for FAFSA if My Parents Make a Lot of Money? Read More »
Almost one in four say they’ll have to sell if rates climb much higher https://financialpost.com/real-estate/mortgages/canadian-homeowners-feeling-the-pinch-of-rising-rates-manulife-bank-debt-survey #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
Canadian homeowners feeling the pinch of rising rates: Manulife Bank debt survey Read More »
In the United States, the treatment costs of a single illness, accident or pregnancy can easily reach five figures. Even with insurance, that can leave you with an eye-popping balance due. Here, straightforward strategies to handle medical bills you can’t afford. With or without health insurance, medical bills add up fast. Here, straightforward strategies to
What to do when you get medical bills you can’t afford Read More »
Dear Penny, I’m happily married (25 years) and retired for medical reasons (I’m 58). My husband makes good money. We are meeting all of our basic needs, but his retirement is severely underfunded. We had to dig out of debt recently and are down to one zero-interest credit card we still owe about $18,000 on.
Dear Penny: Am I Responsible for My Husband’s $60K Car Loan if He Dies? Read More »
It’s been a long road for former students of Corinthian Colleges, a chain of for-profit schools that closed in 2015 after the U.S. Department of Education found Corinthian had misrepresented borrowers’ future job prospects. Students took on debt based on those false promises — and saw it all forgiven this week when the DOE announced
Dear Penny, I’m happily married (25 years) and retired for medical reasons (I’m 58). My husband makes good money. We are meeting all of our basic needs, but his retirement is severely underfunded. We had to dig out of debt recently and are down to one zero-interest credit card we still owe about $18,000 on.
Taking on a business opportunity that promises to give you more time, more money and more flexibility sounds like a no-brainer. But when these opportunities come in the form of multilevel marketing (MLM) businesses, the risk of credit card debt may outweigh any potential rewards. Here’s what you need to know about financing for MLM
How Multilevel Marketing Can Cause Credit Card Debt Read More »
Have you been struggling to deal with credit card debt that never seems to go away? If so, a debt consolidation loan can offer a way out. It won’t make your debt go away, but it will help it become more manageable. And, by setting up the right loan, you can be debt-free in a
10 Best Debt Consolidation Loans for June 2022 Read More »
One of my tennis buddies told me a funny story about borrowing money from his parents. He was 28 at the time and asked for a $30,000 loan to buy a condominium. Since his parents had the spare cash and weren’t making much from interest, they figured lending money to him was a win-win situation.
Lending Money To Friends And Family: How To Determine When It’s OK Read More »
If you aren’t using your credit card, the whole out-of-sight-out-of-mind thing could keep you from spending money but still wind up landing you in financial trouble — think lower credit score due to inactivity and potential fraud. To protect yourself, watch out for these potential consequences of an unused credit card. 3 Ways an Unused
How Not Using Your Credit Card Could Still Hurt You Read More »
If you need to borrow money but your credit is less than stellar, it’s possible you’ll wind up with a bad credit loan. These loans are geared toward individuals with imperfect credit histories who can prove their income and ability to repay the loan. As a result of their bad credit, however, consumers who use
Best Loans for People with Bad Credit Read More »
Dear Penny, I am a single parent. I am 67 years old and ready to retire. However, I am anxious about decisions I need to make. My daughter is in her last year of college. I don’t have any more money to pay for it. So for her last year, should I take from retirement
Dear Penny: Is Using Retirement Money So My Daughter Can Graduate a Mistake? Read More »
If you’re looking for an easy way out of your student loan debt… this isn’t it. But if you’re ready to make a commitment to protecting and defending your country, you may find relief through a debt forgiveness program for military. And you’d have plenty of company since approximately 200,000 active duty members owe a
Get Your Debt Paid Off With Military Student Loan Forgiveness Read More »
Are you one of the 43.4 million college graduates with an average of more than $40,000 in student loan debt? A student loan refinance may be your best opportunity to get better control of that debt. Our list of the seven best student loan refinance lenders for 2022 is designed to help you do just
7 Best Student Loan Refinance Companies of 2022 – as of May Read More »
Spring means longer days, warmer weather, and the annual ritual of scouring, scrubbing, and organizing your living space to get rid of all that winter staleness. While you’re at it, you can also think about ways to spring clean your finances, whether it’s coming up with a new budget, hitting the unsubscribe button on services
8 Tips to Spring Clean Your Finances Read More »
Starting in April, it could cost you to look at your credit report. Since the beginning of the pandemic, the three biggest credit reporting bureaus—Equifax, TransUnion, and Experian—have offered free weekly credit reports to help consumers stay on top of their credit scores, as many people have experienced layoffs and other difficult financial situations. But
How to Get a Free Credit Report and Why You Should Read More »
