f those credit card balances just never seem to disappear or you’re drowning in debt, you need a realistic payoff plan to get your financial house back in order. According to CreditCards.com, the average credit card debt per household with credit card debt in 2012 was $15,956. That’s a significant debt load for the typical […]
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Summer is only a few months away and if you’re already eager to start planning that warm-weather getaway, now is a great time to start saving up some cash for the cost of the trip. According to a 2012 travel survey conducted by American Express, the average cost of a summer vacation, per person,
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Transferring your credit card balances (balance transfers) can be an effective way to save on interest you would otherwise accumulate on a high-interest credit card, and can also increase your credit score as you clear up your credit lines. However, there are some things you need to be aware of before you authorize that transfer.
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A reader of AskTheMoneyCoach.com wanted to know what to do about tens of thousands of dollars worth of credit card debt, as well as thousands of dollars in student loans debt that she’s facing. She was wondering whether she should pay off that debt by selling a vacation home she owns – especially because
Should I Sell My Home to Pay Credit Card Debt? Read More »
A secured credit card is typically a good option for those who might have thin credit, or perhaps no credit. Maybe you have bad credit because you’ve had credit problems in the past. Don‘t think that the entire world of credit is closed to you, because frankly nothing could be further from the truth.
Is a Secured Credit Card a Good Option? Read More »
Approximately 1.2 million Americans filed for bankruptcy in 2012 and more than 1 million more individuals are expected to go bankrupt in 2013. Continued layoffs, foreclosures, rising healthcare costs and mounting credit-card debts are all still taking a toll on many people. If you’ve thought about filing for Chapter 7 or Chapter 13 bankruptcy as
How Much Does it Cost to File for Bankruptcy Protection? Read More »
Whether you’re still struggling to stay within your personal budget each month or just want to get better at managing your money, you need to put together a realistic budget and set some goals that inspire you to stay on track. If you’re a chronic spender or a person who can’t seem to forecast monthly
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When you’re feeling overwhelmed by your current debt load and need to put together a plan that will help you get out of debt fast, don’t overlook the benefits of negotiating directly with your creditors. According to the latest statistics from Debt.org, more than 160 million Americans have credit cards and each household carries more
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Starting a new job or getting a promotion can be an exciting but also stressful time. In addition to adjusting to your new position and workplace, you may find yourself adjusting your personal budget and finances. Whether you’ve been out of work for a while and are just now getting back on your feet, or
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You may be very disciplined with your spending habits and don’t have trouble sticking to a budget. But what happens when your significant other has a completely different money personality and loves to spend? Money issues present challenges for many couples – especially those that have conflicting money personalities or different spending habits. Learning
7 Tips to Manage Your Budget When Your Spouse Loves to Spend Read More »
Do you have basic cable but would love to have HBO and Cinemax? If so, you may have avoided upgrading to a premium cable package because of the cost involved. After all, basic cable typically costs roughly $15 to $20 a month, while premium cable can set you back anywhere from about $60 to $120
Here’s How to Get Free HBO and Cinemax Read More »
Even though you might be very good about paying your credit cards on time, knocking out your balances in full each month, or keeping your debts to a minimum, you might still be making some common mistakes with your credit.
5 Credit Card Debt Traps to Avoid Read More »
You put in long hours at work and are happy with the company you work for. However, what are the chances of you getting a raise or earning more than you do now within the next few months, or even a year? If you want to earn more money without leaving your current employer, there
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If you have cash in the bank, should you use it to pay off your credit card debt? The answer: absolutely. Here’s the mental dilemma some of you are facing: it’s not that you can’t really afford to pay off your debt. It’s just you can’t psychologically bear to part with that hard‑earned cash you’re
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If you’re hoping to refinance your mortgage, but are worried about having bad credit, there’s good news and bad news. The good news is that you can get a new home loan, and bad credit alone won’t stop you from refinancing your existing house note. The bad news is that a poor credit rating will
Can I Refinance My Mortgage if I Have Bad Credit? Read More »
