Spring is in the air and the frozen grip of winter is releasing its hold.
Naturally, we star to dream of a peaceful salty breeze on a warm summer day. The sun setting and your feet is covered in a pile of sand. This, so they say, is the life. So you go on vacation, enjoy the vacation while it lasts and then …
We’ve all succumbed to a credit card splurge and been caught up in the excitement of a shopping spree, a sale or a remedy for a bad day at work. However, this excitement is usually quickly followed by months of repaying those purchases to avoid as much credit card interest as possible, but just think about how you would handle credit card debt on the scale of the top five worst credit card spenders.
You may have heard the terms good debt
and bad debt before, but it is not as simple as labeling credit card debt as bad, and a home loan as good because a home loan can in fact be considered bad debt too. It is important to understand the differences between and the definitions of good debt and bad debt so you know how to manage each when they come into your life
If you are a college student, take some time to understand how to create and use a budget. Stay out of debt and learn how to put together a portfolio of index funds in a 401k or Roth IRA. If your college offers a financial planning course, take it.
We’ve all heard the statistics – over half of all marriages end in divorce, but more unfortunate is that 80% of those divorced couples cite financial trouble as the main reason for their marriage breakdown.
We know that the federal deficit is ballooning at a rather scary pace. However, the growing debt that we see is only a part of the picture. There is probably more debt to come as we work to get out of our financial mess, and as the government deals with the burdens placed upon it.
Some of the things we all need to be aware of...
As you know, the provisions from the Credit CARD Act are taking effect. Some of these changes definitely offer better protection, but it doesn’t mean that you can just ignore the letters that come through the mail. When it comes to credit cards, you will always need to read the fine print. Credit card issuers still have a lot of leeway, and you need to be on your guard.
