When Richard Kline graduated from law school in 2003, he had $117,000 in debt and jobs in the legal field were scarce, so he took a job as a mortgage loan officer. Despite his hard work and a housing market that was just starting to boom, he was barely making a dent in his balances.
Let's be honest, America is having a credit card debt crisis. We, as a nation, are $11.4 trillion in debt to credit card companies. Luckily, there is a very easy solution to stop paying all of that interest to the credit card companies, and it comes from the most unlikely source ... the credit card companies.
Gene Steuerle is not a standard right-winger who believes that a dollar in the pocket of a middle class or poor person is a dollar that could be in the pockets of the rich. He is a serious budget analyst who has does important work on tax and budget issues for more than three decades.
My husband and I received four wedding invitations for this summer, and we knew we wanted to do everything we could to attend each one. With some strategic saving, budget adjustments and frugal choices, we'll be able to enjoy them for less than $2,200.
The American Dream of owning your own home is becoming more distant for many millennials. From 2006 to 2011, consumers between the ages of 25 and 34 experienced the largest decline in homeownership of any age group, according to Census Bureau data.
Given the high cost of student loan debt, it might seem crazy that I would prioritize saving for retirement over college funds. (Even more so considering that I work for a company that helps people pay off their debt.) But I believe in a holistic approach to debt freedom.
A 529 is an IRA-like education investment account that allows consumers to invest in mutual funds, withdrawing the money later to cover tuition, books and other educational fees.
I opened up my budget tracking tool last November and my jaw dropped -- I had spent $1,200 on food that month. That's when I knew I had to make a change.
Democrats and Republicans are at opposite ends of the spectrum with regard to almost everything -- including their claims on how well the economy is doing, and the future of America.
My take-home pay is a little more than $3,000 a month -- and roughly 45 percent of that goes toward my student loan payments. When that much of your paycheck is eaten up, something's gotta give.
For many Americans, the stress of debt and other financial responsibilities can feel like a loss of freedom. Fortunately, there are steps you can take to prioritize these competing obligations to put yourself in control of your financial future.
Athletes and other instant millionaires, who haven't adopted the strategies of the wealthy, often find themselves broke within a few years of their windfall. Meanwhile, many American aristocrats preserve their estates through the centuries. What do the wealthy know that you don't?
According to the prevailing story, debt is caused by lavish and irresponsible spending by poor and middle-class families. But like much "conventional wisdom," an increasing amount of evidence belies this point.
With reports of increased incidences of cancer, news of accompanying financial challenges is no surprise -- which makes me wonder why some lawmakers and individuals do not understand the economic fallout of cancer, not just for patients and their families, but for all of us.
These low interest rates we've enjoyed for years will begin rising. I personally believe we still have some time before rates start upward. Since you have a little time left, I'd like to give you a few suggestions.
Why don't they just stop? Hillary's absolutely right on this one. As a former senior-level appointee in the White House, under two presidents and three cabinet secretaries, I came out last October, 2013.