Finding tips to save money is easy, but what are the things that make us go broke? If you're doing any of the following you might already be on the path of financial destruction.
People consider filing bankruptcy when the alternative has become worse. Figuring out if you are at that point though can be difficult. One misconception that makes people hesitate to file bankruptcy is the impact on their credit.
In the world of personal finance, credit concerns and debt issues, there is no single issue that is more misunderstood than bankruptcy.
Question: I Can't Pay My Bills. What Can I Do? Dear Steve, I'm so completely freaked out about my bills. I'm now so in debt and worried about it...
Greece and the European Union could face a showdown in their debt talks as early as this week. And if you had to place odds right now, the likelihood is that the stubbornness of Europe's senior leaders will create a catastrophe for both Greece and the EU. Here is the state of play.
Saying goodbye to this iconic brand isn't easy, especially for those of us trying to keep our companies fresh and attractive. However, there's a silver lining: we can learn from RadioShack's mistakes.
I think about money all the time. I think about the bills that need to be paid, the things my kids need, and the fact that what's coming in currently is not enough to cover what needs to go out. Every day is a list of choosing. Of overdraft fees. Of cancellation notices. Every moment is a feeling of defeat and a pang of failure.
This past year I haven't written the way I used to. There have been so many other things I wanted to write about but I just wasn't ready. I wasn't brave enough. Maybe now because I literally have nothing to lose, I have once again found my voice and my courage. Yesterday I filed bankruptcy. Chapter 7.
Couples planning to blend families often have to make financial arrangements that respect previous relationships with ex-spouses and their families. Issues range from childcare and eldercare to potentially complex matters. That's why involving trained experts in stepfamily financial planning is a must.
Millions of Americans are still filing for bankruptcy because of medical debt, even though they have insurance. In 2015, families could be on the hook for 13,200 in out-of-pocket expenses before their coverage kicks in. That's far more than many household budgets will allow.
With Detroit having filed for bankruptcy and dozens of Illinois municipalities facing financial calamity over pension obligations they can't meet, a natural question is whether Illinois cities will follow Detroit's example.
The post-industrial dystopia emerging on the streets of Detroit may be shocking, but it is not surprising. The crisis results from the convergent forces of fiscal austerity and structural racism in a region defined by its extreme segregation of race, wealth and opportunity.
As we head into the final stretch before next week's midterm elections, Americans continue to have wide-ranging views of Obamacare, but even many who have an unfavorable view of it say they would rather see Congress improve it than get rid of it.
Bankruptcy protection is designed to provide people and companies with a way to discharge at least some of their debts and start over. And one of the very first steps to reboot your financial life involves rebuilding your credit score.
Where are we now? Income disparity soars, student loans threaten to be the next subprime mortgages, and millions of Americans struggle daily to make ends meet. Unmanageable, crippling debt is still harming millions of American families.
Even though there's so much variety in the market for credit scores, most scores are drawn from the same basic elements. Want to take some of the mystery out of credit score calculations?