Filing for bankruptcy can feel like you’ve hit the financial equivalent of rock bottom. While it does wipe out your old debt, bankruptcy stays on your credit report for seven to 10 years, hurting your long-term chances of qualifying for a mortgage or other credit.
Despite the hardships you’ll endure, you can recover from…
Property and casualty insurance is a term describing the two forms of broad coverage that financially protect you if the property you own is damaged, lost, or stolen (“Property”) or if you are responsible for causing injury to another person or damage to his or her property (“Casualty”)…
Walking away from your debt, also known as defaulting, could seem like your best option if you're struggling to keep up with bills. However, walking away from debt won't solve all of your problems; the lender can still try to sue you for the remaining amount or sell the loan to a collection...
Swiping a credit card to pay for everyday things is so easy and so frictionless. Swipe here for a smoothie, swipe there for a new pair of shoes.
When you buy on credit, it’s easy to forget that you’re paying for that item with money that doesn’t belong to you. In essence, it’s almost like taking out a short-term loan to make a purchase. Depending on how long…
Being a parent is the most rewarding — and hardest — job you’ve ever had, but unfortunately, it doesn’t come with a salary. In fact, having kids causes you to spend a ton of extra money.
To be specific, families spend approximately $12,980 annually…
If you’ve spent any time at all learning about personal finance, you’ve likely heard that you should be creating and following a budget. But for something that seems like common wisdom, far too many people avoid drafting a budget — and usually not for a good reason…
Gwen Merz was fresh out of college in 2014, working an information technology job she hated, when she decided early retirement was the answer. She socked away every dollar she could, saving as much as 70% of her income so that she could quit when she was 35…