Each quarter Ramsey Solutions takes a look at the state of personal finance in the USA and reports back on what Americans are worried about right now — in terms of their personal finance. Perhaps unsurprisingly, right now we’re worried about the cost of living, the impact of tariffs on consumer prices, and retirement. But we’re also […]
Do you know how many Americans carry debt? I had to look it up but was unsurprised to learn it was 3 in 4 Americans. If you’re reading this, chances are you’re in that 75% majority who have at least some debt. I know I am, though I make sure to avoid high-interest debt like […]
If you’re in debt right now you’ve probably heard a lot of advice about how you should get out of it as fast as possible. That way you’ll pay less interest overall — and that just makes sense, right? You should cut expenses, stop all discretionary spending and just throw everything at getting out of debt. If […]
It’s complicated…. “Americans owe a record $1.1 trillion in credit card debt, straining budgets” announces CBS. “Americans Are Carrying Record Household Debt into 2024” decries MarketWatch. Anywhere you look, you see these and other sensationalist headlines, each seeming to try and outdo the others in its gloom and doom. Debt Is a Real Problem There’s […]
Student debt is something that almost every college graduate in the U.S. has to deal with. The average student graduates with around $30,000 of debt and many are carrying much more. While many people complain about student loan repayments, the majority of graduates actually think their degree is worth the debt they took on. So How […]
There are various widely known ways to boost your credit score, from making loan repayments on time to not exceeding your limit on any credit cards you may have. Most people also know that having a little debt can be good for your score as it allows you to show that you can handle it […]
No matter how overwhelming your debt might seem, there are three easy steps you can take to help you get back on track. Assess: How Much Debt Do You Have? You can’t get debt under control until you know exactly what you owe, and what you’re paying back (or not) each month. Not knowing what […]
You’ve probably heard that it’s never too early to start saving for retirement, but is that really true? Should we really be focussed on retirement planning in our early 20s? Should the very beginning of our working life be when we start planning for the end of it? The answer, like the answers to many […]
There are a lot of reasons we take on debt. From student loans to medical expenses, mortgages and car loans, it’s rare to meet someone who is completely debt-free. Some of us even insist that taking on debt is a positive thing, because it helps us build our credit score. Moderate amounts of well-managed debt […]