Personal Finance

One of the biggest financial mistakes you can ever make is taking bad financial advice — or more accurately, applying financial advice the wrong way, at the wrong time, and for the wrong reason.
Following so-called “good” financial advice can actually get you into a world of economic trouble if you’re not careful. So, think about whether any of the following scenarios sound familiar when it comes to advice you might have taken — and later lived to regret.

household debt

Household Debt Reaches $16.51 trillion in Q3 2022

The Federal Reserve Bank of New York’s Center for Microeconomic Data today (November 15, 2022) issued its Quarterly Report on Household Debt and Credit . The Report shows an increase in total household debt in the third quarter of 2022, increasing by $351 billion (2.2%) to $16.51 trillion. Balances now stand $2.36 trillion higher than at the end of 2019, before the pandemic recession. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.

A person in a yellow plaid shirt and headphones gives a thumbs-up while sitting at a desk with a microphone, laptop, and financial planner.

FTC, States Sue Google and iHeartMedia for Deceptive Ads

Press Release The Federal Trade Commission and state attorneys general announced lawsuits against Google LLC and iHeartMedia, Inc. for airing nearly 29,000 deceptive endorsements by

cost of divorce

High Inflation and The Rising Cost of Divorce

‘Til Debt Do Us Part: Inflation preventing thousands of American couples from being able to separate, reveals survey. Over half of singles would not get

BNPL

Should You Use a BNPL Plan for Your Next Vacation?

To use a BNPL plan for travel, you start by adding items to your online cart through an airline or travel website’s portal.

At checkout, you’ll see an option to split your payments with financing partners like Affirm, Uplift, PayPal Credit or Klarna.

pay raise

How to Manage Your Next Pay Raise Wisely

In a time of inflation and economic uncertainty, it’s important to focus on the positives — not only to give hope, but also to motivate

Student Loan Forgiveness

Student Loan Forgiveness: The Biden Plan Explained

Here’s what is known so far about the new student loan cancellation program, how you can get student loan forgiveness, the surprising ways that past and future generations of college students will benefit, and what’s NOT included in the Biden plan.

AskTheMoneyCoach.com

4 Ways to Save or Make Money Without Leaving Home

With remote work gaining in popularity and inflation hitting everyone’s budgets, more people are staying home these days.  But how can you stay home and

Consumer Protection

CFPB Issues Warning to Digital Marketing Providers

Source – CFPB The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule laying out when digital marketing providers for financial firms must comply with

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