Not everyone carries a balance on their credit cards from month to month, but for those who do, the average balance per household is now $9,600. That’s about 17% of the average U.S. household income! Here are some strategies you can use to help pay off your credit cards.
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Splitting the bill, no matter your status
Posted on Categories Manage your debtLeave a comment on Splitting the bill, no matter your statusSplitting the bill has always been a landscape fraught with social landmines, and new cost-sharing apps only help so much. Here are some suggestions for navigating common cost-sharing situations with grace.
5 Ways to Make Your Retirement Savings Count
Posted on Categories Save for retirementLeave a comment on 5 Ways to Make Your Retirement Savings CountIt is never too late to save for retirement. If you’re entering your final 10-20 years before retirement, embrace this period as a unique window of opportunity.
Your Home and Your Retirement Plan
Posted on Categories Buy a house, Save for retirementLeave a comment on Your Home and Your Retirement PlanAs we enter the final 10-20 years before retirement, the equity we have in our home often represents a large part of our retirement savings. To make the most of this hard-earned asset, it’s important to make thoughtful decisions about our mortgage and home ownership in general. We may also need to challenge common assumptions – what’s right for one homeowner approaching retirement may not be right for another.
Do you really need a prenup?
Posted on Categories Navigate life changesLeave a comment on Do you really need a prenup?If you’re about to be married, should you insist that your partner sign a prenup? It depends.
Webcast: How to Launch a Financial Wellness Program
Posted on Categories Financial wellnessLeave a comment on Webcast: How to Launch a Financial Wellness ProgramIf you want to work towards your longer-term financial security, you need to free up funds to do so – but how? One suggestion: participate in the “sharing economy,” now dead simple, thanks to the Internet. By sharing, renting, or bartering, you’ll reduce your expenses and/or earn a little extra income. Before you know it, you may find yourself with extra funds to fatten your savings account or invest in the other building blocks of your financial security.
When Bad Financial Habits Come From Home
Posted on Categories Grow your savingsLeave a comment on When Bad Financial Habits Come From HomeAs a child, you watch how your parents manage their money and absorb those lessons unconsciously. And, sometimes those unspoken lessons can be damaging.
When you need financial advice: Why consider a fee-only financial planner?
Posted on Categories Navigate life changesLeave a comment on When you need financial advice: Why consider a fee-only financial planner?I’m a strong proponent of fee-only financial planners. Here’s why.