Tag: Credit Card Debt
Before signing up for your first credit card, you should take the time to educate yourself on the basics. Understanding the terms and conditions of your credit card, how debt and credit usage affects your financial security, and the overall pros and cons will help you make wiser decisions when it comes to swiping that plastic.
Americans rely on credit cards a lot. Total US credit card debt amounts to $784 billion, while the average household carries $17,000 in combined balances. Given the median annual income for US households is about $59,000, the average individual credit card debt amounts to nearly one-third of annual earnings.
Debt is probably the last thing you want to think about when going through a divorce; however, you need to deal with shared debts head on if you want to protect yourself from financial woes down the line. To ease your burden, here are 6 tips for dealing with debt in divorce.
On September 6th of 1620, to flee religious persecution and maintain their English cultural identity, a group of separatists dubbed, the Pilgrims, boarded the Mayflower to sail across the Atlantic to establish a free colony in the New World. And just as one needs capital in the modern day to build a home or buy a new car, the Pilgrims needed money to finance their voyage to the Americas – an oft omitted fact in grade school textbooks.