New Study Finds Your Debt Could Be Hurting Your Kids

Managing Debt

New Study Finds Your Debt Could Be Hurting Your Kids

New Study Finds Your Debt Could Be Hurting Your Kids

Certain types of debt may be hurting your kids, a new study shows. Researchers at Dartmouth and the University of Wisconsin at Madison found that children whose parents had higher levels of mortgage and student debt fared better emotionally and behaviorally than children whose parents had higher unsecured debt (i.e. credit cards, medical debt, payday loans). The results... Read More

Son’s Video Game Habit Costs Dad $5,300

Managing Debt

Son’s Video Game Habit Costs Dad $5,300

Son’s Video Game Habit Costs Dad $5,300

A man in Ontario says he’s never allowing another video game console in his home after his son ran up a massive credit card bill making in-game purchases while playing his Xbox, according to a story from CBC News. You can hardly blame him: The 17-year-old racked up $7,625.88 (CAD) in credit card debt on... Read More

5 Excuses Keeping You From Being Debt-Free

Managing Debt

5 Excuses Keeping You From Being Debt-Free

5 Excuses Keeping You From Being Debt-Free

There are many reasons why you may be stuck in debt and they’re not all necessarily related to the state of your finances. In fact, your money woes may be exacerbated by your mindset. Your beliefs are often what guide you, and if you’re carrying around problematic ones, you’ll have a much harder time getting debt-free. Here... Read More

How Much Credit Card Debt Does the Average American Have?

Credit Cards

How Much Credit Card Debt Does the Average American Have?

How Much Credit Card Debt Does the Average American Have?

Credit cards can be useful financial tools, but they’re easy to abuse and put millions of Americans in debt. In fact, the average American carries more than two credit cards and a balance of about $4,400 on each card, according to data taken in June 2015 from credit bureau Experian. But those figures don’t provide a full picture of how credit is... Read More

4 Ways to Still Win the Holiday Shopping Season

Personal Finance

4 Ways to Still Win the Holiday Shopping Season

4 Ways to Still Win the Holiday Shopping Season

So the holidays are over … now what? You feel like you’ve been giving for months, but the end of the holidays means a respite from giving (your annual charitable contributions being the exception). Now it’s time to focus on returning any gifts you aren’t in love with, get a little something for yourself and... Read More

The Hidden Bonus of Paying Off Credit Card Debt

Managing Debt

The Hidden Bonus of Paying Off Credit Card Debt

The Hidden Bonus of Paying Off Credit Card Debt

In theory, nobody wants to be in debt. But when credit card bills arrive, we don’t exactly rush to pay them. And when we do, we may not pay the full balance. Understandably, we don’t want to be separated from our money. We earned that money, it’s hard to see it come into your bank... Read More

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