Are You On the Hook for a Deceased Loved One’s Debt?
When a loved one passes away, the last thing you probably want to think about is how you and your surviving family members will pay down any remaining debt. Yet, debt after death is common, with nearly three-quarters of Americans owing an average amount of $62,000 at the time of their deaths. Therefore, it’s important […]
8 Tips To Help You Manage and Avoid Medical Debt
One of the scariest things, when you fall ill, is thinking you cannot afford to get healthy. Medical debt can quickly become overwhelming and challenging to manage. Thankfully, there are several things you can do to save yourself money and limit future debt.1. Learn Your PolicyWhile they are typically dry and overly complex reading, you […]
Debt Trouble: Know the Warning Signs of Accumulating Too Much Debt
According to financial experts, no more than 36% of an individual’s monthly gross income should go towards debt obligations; however, even that can be a stretch for some people. Still, it is good to have a boundary, a marker for when things might be spinning out of control. Some experts refer to terms like manageable debt […]
How To Recover From Your Debt
Debt is a peculiar thing; most people have it, but people still feel shame to talk about it. The emotional toll is overwhelming to the carriers of debt and accounts in collections. For many, there is no day, hour, minute, or second that brings relief. Constantly checking bank accounts and juggling credit card balances makes […]
How Marriage – and Divorce – Can Affect Your Debt
Marriage is all about making the love two people share official. It means you and your spouse are going to create a big, happy life together, complete with grandkids, family dinners, lots oflaughter, and all the other wonderful things that make life worth living.Because of the many benefits marriage offers, lots of folks tend to […]
The 5 Keys To Avoiding Debt During Retirement
Congratulations! You have made it to retirement debt-free and with adequate savings to enjoy your golden years. However, do not be overeager to spend your money. While it often feels nice to let loose of the purse strings a bit, keep in mind that you still have many years ahead.Therefore, while most will encourage you […]