Last year, I counseled a young mother of two small children who came into our community program distraught, nearly hysterical, and on the verge of divorce. What was the issue? Payday Loans. She and her husband were both working, but she came in for assistance because she had absolutely nothing in the cupboard to feed [...]
Debt is literally a four letter word; it just also happens to mean you owe money. Many Americans have a dream they’ll never realize: Living without debt. Yet, the dream is possible for nearly everyone – just be prepared for the sea change of behavior required to make it happen. If you are unprepared, your [...]
One of the big issues debated recently is whether or not a four-year degree is worth the cost. The cost of education continues to rise at a pace that outstrips inflation — and definitely outstrips wage growth. But why is education so expensive? There are various explanations for the rising cost of a higher education, [...]
Repairing your credit after a bad financial spell can be a difficult and tedious process. The steps are long and confusing and facing your financial failures and foibles intensely for a long period of time leaves you overwhelmed and blue. If part of your New Year’s Resolution is getting your credit score back in the healthy range, [...]
The economic recession continues to drag on in the United States. Unemployment stands at 8.6% and many families are feeling the effects. College tuition is rising much faster than inflation. Parents are having a tough time footing the bill for expensive colleges. And kids are struggling to find employment and loans are becoming an issue. [...]
The crippled United States economy has had a number of “bubbles” burst over the past 15 years. It started with the dot com industry in the late 90s and was followed by housing market bursting in the Mid 2000s. Many experts believe that student loans are next. The warning signs are evident: Going to college [...]
