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Credit Cards
How do you turn $20,000 into more than $42,000? If you’re talking about credit card debt, all you need to do is make minimum monthly payments. At a minimum payment…
More than one-third of college students say managing a bank account is a major cause of stress. Also, 12% say they never check their bank account balance because it makes…
The soaring popularity of prepaid cards will be put to the test over the next year as providers adjust to new regulations handed down by the Consumer Financial Protection Bureau…
Ric Edelman, a financial adviser who is a best-selling author and syndicated radio show host, remembers the days when everyone rushed to the bank on a Friday afternoon to cash…
If you want to break up the loud party that your neighbor’s millennial kid is throwing in his basement bedroom, don’t call the cops. Just barge over and pass out…
How to Reduce Credit Card Interest Credit cards have some great perks (who doesn’t love cash back?), but pesky high interest rates can cancel out those benefits. High interest rates…
Dave Ramsey has made the term “Debt Snowball” famous, but if you’re buried under an avalanche of debt, is his remedy more like a debt snow job? Ramsey disciples would…
Using credit cards to cover expenses is a fact of life for many people. Credit cards are convenient and easy to use, but thanks to ultra-high interest rates, they’re even…
How To Manage Credit Card Debt Managing credit card debt can be difficult and complicated. Before coming up with a debt relief strategy that works for you, you should learn…
If your monthly debt payments outside of mortgage or rent exceed 20% of your income, you have a debt problem that requires attention. The good news is you have options.…
Sources:
- N.A. (2021, January 27) Mental well-being inherently connected to financial wellness. Retrieved from https://www.purdue.edu/newsroom/purduetoday/releases/2021/Q1/mental-well-being-inherently-connected-to-financial-wellness.html
- N.A. (2022, August 2) Total Household Debt Surpasses $16 trillion in Q2 2022; Mortgage, Auto Loan, and Credit Card Balances Increase. Retrieved from https://www.newyorkfed.org/newsevents/news/research/2022/20220802
- DeMatteo, M. (2020, March 31) How to save for an emergency if you already have credit card debt. Retrieved from https://www.cnbc.com/select/how-to-save-emergency-funds-with-credit-card-debt/
- Dilworth, K. (2022, August 3) Average credit card interest rates: Week of August 3, 2022. Retrieved from https://www.creditcards.com/news/rate-report/
- N.A (March 2021) Consumer Credit Outstanding March 2021. Retrieved from https://www.federalreserve.gov/releases/g19/current/