Is increasing the national minimum wage a good thing for the economy? How will it affect business? How will it affect you and your personal finances?

High and increasing inflation rates have triggered these questions about the national and state minimum wages over the last few years. In order to catch up with the rising costs of living and housing, a national plan was made effective on January 1st of 2017 to increase the minimum wage yearly until January 1st 2022, when it will be $15 an hour. For small businesses with less than 26 employees, the plan is stretched an extra year until 2023.

For many people, it’s easy to slip into credit card debt. In fact, information from the U.S. Census Bureau and the Federal Reserve reports that more than 40% of households are held up by credit card debt, with the average American family holding balances of just under $6,000.

Unfortunately, credit card debt isn’t one of those problems that will resolve itself. That’s why New Era Debt Solutions urges our clients to be proactive when it comes to taking control over their finances. So before throwing in the towel and filing for bankruptcy, consider these four other debt relief options:

March Madness is upon us! But no matter what college colors you’re donning this season, there’s one we’re diehard fans of – green, of course; the color of cash.

Because there aren’t any major gift-giving holidays happening in March, it can be easy for some people to neglect budgeting for some of the big-ticket items in their life, such as the cost of hiring a tax preparer, their child’s first prom, or tickets to a March Madness game.

New Era Debt Solutions provides the following tips to help you budget better and score big savings:

Whether you’ve been in the workforce for a year or 50 years, you should most definitely be thinking about saving for retirement. A little goes a long way, especially if you start early. A 401K is just one of the many options that can help you plan ahead for your retirement and save responsibly.

Below are some factors you may want to consider when deciding to participate or opt out of a 401K plan.