Category:
Personal Finance
With the rise of online shopping, there is no doubt that Americans are using credit cards more than ever. There’s also no doubt that a lot of them are wasting…
If you want a raise in 2018, please don’t hold your breath. You might not make it to 2019. More than half of Americans haven’t gotten a raise in the…
So you want to avoid financial problems in 2018? Fear not, Uncle Sam is on the case. The Consumer Financial Protection Bureau has come out with a first-of-its-kind survey on…
What Is Considered Bad Credit? Different lenders have different standards for what bad credit is, and the number is more important than the label that goes with it. The numbers…
The recent security breach at the Equifax credit reporting agency exposed a gold mine of personal information on 143 million Americans and created serious short-term and long-term problems for consumers.…
Warning! No Raise Coming for Most of Us There is plenty of advice out there on how to get a raise. What most people need is advice on how to…
Credit scores are like mythical creatures: We all have varying levels of knowledge on what they are and how they operate, but certainty on them is elusive. It’s important to…
Everyone knows the pitch. You’ve spent half an hour trying on clothes off the rack at a shopping mall department store, found three shirts that look perfect and take the…
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…
We are a nation of financial dunces. For proof, try answering this question. Why should want to improve your credit score? To save money when purchasing a car with a…
Sources:
- Gathergood, J., Mahoney, N., Stewart, N., Joerg, W. 2017, December. How Do Individuals Repay Their Debt? The Balance-Matching Heuristic. Retrieved from http://nber.org/papers/w24161
- N.A., 2017, December 21. Federal Reserve payments study supplement points to accelerated credit card use. Retrieved from https://www.federalreserve.gov/newsevents/pressreleases/bcreg20171221b.htm
- Davidson, K. 2017, December 21. Fed Study Finds Continued Growth in Credit-Card Payments. Retrieved from https://www.wsj.com/articles/fed-study-finds-continued-growth-in-credit-card-payments-1513879215?mod=trending_now_