Tag: Finances
It is the most wonderful time of the year! This month gifts were given, memories were made, and oh my – so much money was spent. It is unfortunately much too easy to get wrapped up in holiday spending. On average, Americans racked up more than $1,000 each in holiday debt at the end of last year. On top of that, 28 percent of shoppers went into the season still paying off debt from 2017′s festivities.
Once you achieve the American Dream, you’ve made it, right? Society says you must have 2.5 kids and a home with a white picket fence to achieve this dream. If you’re in debt, this ideal American life may seem impossible to achieve, which can be discouraging. Buying a house is one of the more difficult achievements, especially if you have massive debt. But that doesn’t mean it’s completely out of reach. It’s still possible to buy a house if you’re already in debt.
Even if you currently have too much debt to get a mortgage approved, these tips will get you closer to a home of your own:
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:
Most of us are willing to clip coupons if it means saving an extra couple dollars at the grocery store. We’re also fine with using Groupon for fun outings with friends and saying “no” to certain purchases when we have a financial goal on our minds.But if you’re a little more adventurous than that, perhaps one of the following penny-saving strategies may pique your interest. New Era Debt Solutions lists 7 unusual ways you can save money: