credit card debt

Spending Money You Do Not Have

Consumer debt in America has skyrocketed. According to the U.S. Treasury, consumer debt has jumped from $355 billion in 1980 to a staggering $2.4 trillion in 2010.  With credit cards as one of the biggest culprits of America’s spending spree, it’s easy to see how we’ve fostered a society that thinks it’s OK to spend [...]

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Financial Tips for Life After Divorce

I have heard it said that divorce turns marriage into a financial transaction. Any of you who have been divorced will vouch for the truth in those words. On a personal note, my parents were divorced when I was quite young and my family has seen divorce up close several times. We know that making [...]

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4 Reasons You Should Not Use Your 401k to Pay Off Your Credit Card

Q:  We have $30,000 in credit card debt and it seems it will take forever to get it paid off.  Should I use money from my 401(k) to pay off that debt?  I am 35 years old. A:  I realize, when you see that money sitting in your 401(k), that there is a temptation to [...]

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