Bankruptcy as an option to get out of debt
Debt problems don’t go away when you go to sleep. It will be there when you wake up. Debt problems can cause severe anxiety and uncertain future. Lingering issues of whether your wages will be garnished, what will happen to…
Financial trouble for pension plans
The nation’s largest pension fund, the California Public Employees Retirement System (Calpers) recently announced that its investments earned a measly one percent for the fiscal year ended June 30. Other public pension funds throughout the country are expected to reveal…
Impact of student loans
In 2011, outstanding student loan balances were closer to $1 trillion. This was more than the outstanding credit card debt for the same period. Recent college graduates carry an average of $25,000 student loan debt. This is a heavy burden…
Boomers are paying down the mortgages
Baby boomers are retiring in droves. The median age of U.S. population has climbed higher for four years since 1999 and will climb higher again by 2030. According to Freddie Mac, more Americans are paying down their mortgages. Fifty percent…
Avoid spending money that you don’t have
It’s a beautiful word when it comes to using your credit cards. The word “avoid” is a great weapon in reducing or completely eliminating your credit card debt. Here are some avoids you can practice: Avoid getting more than one…