Tag: debt

Student loans has been a hot topic of late, which is not surprise given there are around 43 mil­lion Amer­i­cans dealing with some form of active or delinquent stu­dent debt. Based on reports from the WSJ and data company MeasureOne, Amer­i­cans owe around $1.6 tril­lion in fed­eral stu­dent loans and…

This article looks at the current and past debt ceiling debacles and potential impacts to everyday Americans Basically if the debt ceiling (currently $31.4 trillion) is not raised, the government would not be able to borrow more money to pay its bills, which could lead to a default on its…

Debt is as American as apple pie. It is estimated that 80% of Americans live with debt and that includes $8 trillion in home mortgage debt.  Many of us go to work every day simply to pay for products or services that we’ve already received. We can’t help our children…

Credit Unions are a great way to get a loan and improve your credit score. Many people overlook this small gem, and continue to be declined for credit opportunities when using traditional banks and financial institutions. Do not allow your poor credit rating hinder you from improving your financial health.…

Ever wondered where all our federal tax dollars go? I did and a recent report from the center on budget priorities and policies (CBPP) provided a very nice graphic on how federal tax dollars are distributed. With all the political rhetoric that abounds around the national debt, excessive federal spending…

Despite the skyrocketing costs of a college education, a bachelor’s degree, at the very minimum, is an essential requirement to get ahead in this world. With few, notable exceptions, gone are the days when you could make a healthy, livable income right out of high school. But for parents, the…

[Update as of July 23rd] It's time to pay for the American dream. In various discussions around how to cut the national debt, so that we don't have to keep raising the debt ceiling, one theme that is common in most plans is that Americans now and for generations to…

Using credit cards has become a way of life for many of us. For the most part, credit cards do offer a convenient way to make purchases, and they enable us to walk around without mounds of cash in our pockets. In return for this and other conveniences like reward…

Ever been curious about the seeming universality of the desire to purchase goods and services without paying for them immediately? Many credit card users fall victim to this desire for instant gratification knowing full well they can’t actually afford what they bought without going into debt. Deferring payment until tomorrow…

Its been a while since I hosted the CoPF and I was pleasantly surprised to see many new faces in the personal finance blogging space along with some of my old favorites. It was especially interesting to see some of the newer blogs out there because it reminded me of…

So what will the year ahead look like for the US and global economy? Last year was a year of recovery, but it was sputtering and many questioned whether the recovery was real and if it could be sustained. As we head in to 2011 things are looking brighter following a…

After lots of money printing and pandemic relief stimulus payments (free money) by the Government over the last few years, things are starting to look more bleak with high inflation, global conflict and rising energy prices. All these portend to signs of a recession in the not too distant future,…

So you’re getting married? Congratulations! Decisions about churches, colors, the bridal party, and which family/friends to invite often become choices that take center stage but there are other, less glamorous considerations that have a much longer lasting impact. Those considerations involve financial matters. While the most common subject of marital…