Why You Should Consolidate Your Credit Card Debt

CNBC recently reported that 47% of Americans have credit card debt. According to that same report, almost one-quarter of cardholders have added to their credit card debt because of the COVID-19 pandemic. And up to 40% of Americans can only pay the minimum payment.  If you have an overwhelming amount of credit card debt, the…

Cutting Down on Streaming Subscriptions

Remember the feeling you felt when you finally  “cut the cord” on your cable subscriptions? Think about all of that money you saved a month and how good it felt when you subscribed to just one or two streaming services like Netflix or Hulu, services where you could find all of your favorite shows and…

8 Ways to Get out of Debt

According to an Experian, U.S. consumer debt reached a record high in 2019 at $14.1 trillion.  That was, of course, before the COVID-19 pandemic we’re currently experiencing. That number is expected to get much higher.  We stressed in a previous blog post the importance of managing your current debt during the coronavirus crisis. But you…

Your Coronavirus Debt Relief Guide

As the American unemployment rate is continuing to escalate due to the coronavirus, it’s important to know your options when it comes to debt relief and planning.   There are two schools of thought you should keep in mind when it comes to debt relief:  What can I do in the short-term to avoid mounting debt?…

What is debt and how do you deal with it?

Good or bad debt? As you work towards finding the answer to what is debt and how you can deal with it, you must begin by understanding that there are two types of debt. There is good debt and there is bad debt. Good debt is that which is used for a positive purpose such…