Many people now use credit cards to make a large percentage of their purchases. A lot of credit cardholders are not able to pay off their balances every month and as a result there is a large outstanding balance on the credit card. Credit cards can have very high interest rates that add substantial … [Read more...]
More Americans Plan to Spend Less This Holiday
November 30, 2011 By Leave a Comment
While Black Friday and Cyber Monday saw huge increases in sales compared to 2010, another poll found that Americans planning to spend less this holiday season outnumber those who plan to spend more four to one. The November Financial Security Index poll found that 42 percent of Americans plan to spend … [Read more...]
Americans Keeping Holiday Debt Down
November 18, 2011 By Leave a Comment
After two years of keeping the purse strings tight, Americans may be ready to loosen them a bit. According to ING Direct USA, nearly three-fourths of Americans say they expect to spend more this holiday season than they have during the past two years. Most say they're equally or less concerned with how … [Read more...]
Holiday Can be Good Time for Family Financial Talks
November 14, 2011 By Leave a Comment
The holidays are typically full of family time. You spend more time with family during this portion of the year than any other. In fact, it may be the only time you see some relatives face to face. That's why some experts say you should take some time to do something more important than eating turkey … [Read more...]
Study: Most Consumers Paying Off Debt Incorrectly
November 10, 2011 By Leave a Comment
How do you pay off your debt? Do you tackle small bills and leave the big ones for later? New research published in the Journal of Marketing Research finds that consumers typically tackle small debts first, but they'd actually save more money if they did it the other way around. By attacking bigger bills … [Read more...]
Free Seminars Help Homeowners Avoid Foreclosure
October 28, 2011 By Leave a Comment
Many feel the foreclosure epidemic is showing no signs of slowing down. As millions of Americans find themselves under water with their mortgages, some organizations and leaders are trying to help. Facing foreclosure is stressful, but there are ways to avoid it. There are several free seminars planned … [Read more...]
Poll: Americans Eliminating Personal Debt and Expect Government To Do the Same
October 19, 2011 By Leave a Comment
Eight in ten Americans believe the federal debt and deficit have a powerful play on their personal finances. The new poll found that Americans are increasingly developing strong feelings about reducing the deficit and stimulus spending. The 10th quarterly Allstate-National Journal Heartland Monitor Poll … [Read more...]