If you’re struggling with the burden of outstanding debt, you’re not alone. In 2015, studies found that the average American household carries about $130,922 in total debt.

If you’re facing big bills from a medical emergency, you probably have a million questions: Where do I start? What am I supposed to do? How do I pay this? What about my other debts?

It’s a new year, which means we’ve passed through the most wonderful time of the year and are inching closer to another important season – tax filing time. It doesn’t matter if you’re outsourcing your tax filing to an expert or handling it on your own; you need to start preparing now if you want to avoid procrastination and potential errors with your finances.

If you have a negative bank account balance, then this means that more money was taken out of the account than was available. Also known as an overdraft, a negative account balance can occur when a transaction against the account takes its overall balance below zero. Dropping a bank account’s balance into the red can be quite costly as many financial institutions implement steep fines for those who overdraft their available funds.