With the COVID-19 pandemic having taken a huge financial toll on many hard-working Americans, the upcoming academic year will prove to be challenging for many college students and parents alike. Shelling out thousands of dollars (or more) to attend school is difficult enough under "normal" circumstances, after all.
Did you know that July is Bank Account Bonus Month across the United States? This month-long holiday, which was started by Doctor of Credit's founders Will and Chuck, encourages people everywhere to explore and take full advantage of account bonuses and other incentives offered by financial institutions across the country.
Are you ready to declare your financial independence this fourth of July? For many people, they are simply getting by. They are living paycheck to paycheck, barely making their debt payments and don’t have a retirement plan or emergency fund. The good news is that you can declare your financial independence, save for unforeseen expenses and prepare for your retirement with our five-step plan.
Sometimes paying off the full balances of your debt simply isn't possible. Settling your debt paying less than originally agreed, is better than leaving it unpaid, but it can still negatively affect your credit score.
National Insurance Awareness Day is June 28. It’s a great reminder to examine your insurance coverage, assess your risks, and consider any life changes that necessitate updating your policies. Once identifying your needs, you can comparison shop to get the best prices to aid you in your goal to pay down debt while still getting the right coverage.
Did you know that June 25th is Leon Day in the U.S.? Leon Day (Leon is Noel spelled backward), is the halfway mark to Christmas. That means you now have six months to prepare, financially, mentally, and spiritually, for the main event.
It seems these days that so many families get into financial difficulties through debt. You decide to finance a big purchase one day, then you get into the habit of borrowing money to buy things. Before you know it, all your income is going toward making minimum payments on all your credit cards, and little or nothing is left. Debt settlement is a great solution when you find yourself in a tough financial situation, but a little prevention could be part of a long-term solution. Let’s look to how older generations handled money; in particular, it’s time to get back to following mom’s advice.
Having found yourself in debt over the years, you know the impact it can have on your life and that of your family. For many people, the answer to getting rid of debt has been enrolling in a debt relief program. While helping ease your debt burden, the program also gives you many tips to stopping the cycle of debt, many of which can be passed on to your kids. Thus, while you are completing your debt relief program, you can also teach your kids important financial facts. To give your kids a head start on learning life lessons about money, here are some things you can do right away.
With the warmer months of spring approaching, you might be thinking about doing a little "spring-cleaning" around the house—but what about your finances? If you're like most people, there's a good chance that your personal finances could use a little organization, too.
Can you remember being taught about credit scores and credit reports when you were in school? If not, then you're certainly not alone. Unfortunately, there seems to be a huge gap between what future consumers are taught in school versus what they really need to know to make wise financial decisions. And of course, your credit score is a very direct reflection of the financial choices you've made throughout life.
