Tag: budgeting
You probably know personal debt is a serious problem for many people in the United States. But have you ever wondered how so many people get into debt to begin with?
The average American holds a credit card balance of $6,375. Debt can lead you to disastrous consequences and it can consume your assets. While it may seem like debt piled up overnight, it’s usually the result of small decisions made over time. Although there are many effective debt elimination programs like debt consolidation, it is important to be aware of the causes that lead to financial hardship.
New Era Debt Solutions highlights the top 5 reasons debt happens:
Teamwork Makes the Dream Work: How Newlyweds Can Make Finances Work Better Together
Did you know that financial problems are among the leading causes of divorces? Unfortunately, some couples don’t necessarily pay attention to that critical part of the vow – “For richer and for poorer.”
But the good news is that most money-related problems couples face are totally avoidable. It just takes being willing to listen to sound financial counsel.
The following includes some tried-and-true tips New Era Debt Solutions believe newly married couples can use to start out on a strong foundation – both financially and relationship-wise:
Summer is here, which means both the temperatures and your utility bills are on the rise. In many areas, summer sparks higher energy demand, causing the market price to increase. Variables such as the kids being home from school, hot weather, and pool filters can easily affect your utility bills.
Fortunately, there are many ways to get around the high expense of staying cool all summer long. New Era Debt Solutions suggests these tips for having a comfortable and affordable summer:
Healthcare expenses are pretty much unavoidable, which is a big reason why so many people worry about paying them.
Recent data from the Centers for Medicare & Medicaid Services and CIA World FactBook says that Americans spent $3.65 trillion on healthcare in 2018. And Health Affairs reports that prices for healthcare goods and services are projected to grow 2.5 percent per year on average.
You may ask yourself how you will ever get out of debt, when something as essential as healthcare is so expensive. New Era Debt Solutions offers these strategies for making healthcare more affordable for yourself and your family: