fbpx

Average Household Not Prepared Anymore for Money Troubles

Average person Not Prepared Anymore for Money Troubles

According to report findings, many consumers are not financially prepared for a disruption to their primary source of income, even as unemployment remains low. Nearly 37% of households report that they could not cover expenses for longer than one month, even with accessing savings, borrowing money, selling assets, or seeking help from family and friends. …

Read more

5 Reasons Senior Citizens Keep Getting Get Bad Advice to Deal With Their Debt.

5 Reasons Senior Citizens Keep Getting Get Bad Advice to Deal With Their Debt.

Most people that write about debt and seniors want to provide accurate information.  Sadly, many do not.  Some articles on the internet do more harm than good.   A good example is an April 4, 2022 article on the website Care.com, “Debt forgiveness for seniors: 5 strategies to consider.” The article starts fine, laying out the …

Read more

My Guide to Getting Out of Debt With Proven Methods and Smart Ideas

The highly respected and well-regarded financial expert Ray Dalio had published a video back in 2018 about his Principals for Success. What utterly amazed me was how much he says also applies to people trying to get out of debt or dealing with bad debt. I’ve embedded the video above, but here are the key …

Read more

Paying Off Debt—9 Strategies to Try

Nothing beats the feeling of freedom you can achieve by being debt-free. Yet the average American is carrying $92,727 in debt. Paying off debt—whether it’s student loans, credit cards or more—can be a challenge. Everyone’s financial situation is different, and this list is not exhaustive of all existing strategies, but here’s a look at some …

Read more