Category Debt

EARLY RETIREMENT MISTAKES TO AVOID (AS REPORTED BY MAYA KACHROO-LEVINE ON WWW.FORBES.COM)

Debt is one of the biggest roadblocks to retirement. Debt forces us to work harder and longer than we otherwise would like. And that’s because the money that we earn is not ours, it is someone else’s, until that debt is paid off. One of the biggest errors that people make in their lives is […]

DEBT COLLECTION EFFORTS SOMETIMES BREAK THE LAW (AS REPORTED BY KELLI B. GRANT ON WWW.CNBC.COM)

Many Americans at one point or another will go into debt. It’s a slippery slope and some are unable to dig themselves out of debt quickly enough to avoid the eventual harassing calls from debt collectors. In fact, as many as one third of all consumers have received one of these calls in the last twelve […]

HOW TO PAY OFF STUDENT DEBT (AS REPORTED BY MICHAEL BENNINGER ON BLOG.MINT.COM)

Each year the amount of total student loan debt outstanding increases. For new graduates, coming out of school with average debt of around $25,000, paying off the full amount can seem like a near impossible task. The first thing you need to do is get a job and create a budget. Figure out whether or […]

6 HABITS THAT WILL LAND YOU IN DEBT (AS REPORTED BY HOLLY JOHNSON ON WWW.THESIMPLEDOLLAR.COM)

Debt is something most of us would like to avoid if possible. Not only is debt bad for your financial well-being, it can also cause stress that will impact your mental and physical health. So if you want to stay ahead of your finances and avoid going into debt, The Simple Dollar has listed six […]

College Money Mistakes (as reported by Emily Guy Birken on www.moneyning.com)

Going away to college is hard enough for a lot of kids. It’s your first time away from your parents and you have to fend for yourself. All of the sudden, the world also now expects you to know how to handle your own finances. Fair or not, there are a number of financial threats […]

Health and Student Debt (as reported by Natalie Kitroeff on www.businessweek.com)

It is well understood that student debt is not great for your finances, but a new study of college graduates who left school in debt uncovered that student debt affects other aspects of your life as well. People reported worse health and higher levels of stress long after they graduated. The study, which covered more […]

35% of Americans in Collections (as reported by Josh Boak on finance.yahoo.com)

A scary new fact was recently reported, more than a third of all Americans have debt in collections. And the number does not appear to be dropping, even as more and more proof stacks up that the economy is ramping back up toward full recovery. About 35 percent of people have had their debts turned over […]