Paying for college doesn’t have to be a burden for young people. The sad truth is, a lot of new graduates are so worried about paying off student loans that they no longer enjoy the fruits of their labor. The average American owes around $20,000 in student loans. That’s a huge debt to take on….
More than a month has passed since we had a mad rush of gifts, eggnog, turkey and in-laws. Through the month of January many people have been furtively glancing at their credit card balance hoping it would magically go down. Since we are halfway through February, the realization has set in that if something is…
Debt can be a useful tool when it is used correctly. But even when used properly, it can do strange things to our emotions. While most people do not mind going into debt to buy a house, or attend college, and often not even to purchase a new car (these are referred to as good…
One of the oldest debates in the personal finance realm has to do with the tough choice between paying down debt and investing. The argument goes something like this: Paying down debt is pretty emotionally draining (it’s hard to send your money to a creditor each month without feeling like you get anything tangible in…
Credit card companies often prey on everyday consumers. In most cases, consumers believe they possess enough discipline to take full advantage of the benefits numerous credit card companies offer without falling victim to staggering interest rates. However, there are a plethora of consumers who are unaware of how to manage their finances or how the…