Using retirement funds to pay off your debt can sometimes be the most financially sound course of action, and sometimes it can lead to more problems down the road. When using money that you withdraw early from a 410(k), IRA or other retirement assets to pay down any debt you may have incurred, you need […]
Archive for the ‘Debt and Relationships’ Category
How To Talk To Your Children About Debt And Savings
As parents, we try to prepare our children for the world. We pass on concepts like the importance of education and the power of charity work. When it comes to more taboo subjects, it can be challenging to get the conversation started. One such taboo talking point is money, especially debt and savings. It is […]
How Much Should I Spend on an Engagement & Wedding Ring?
If you’re wondering how much you should spend on an engagement and wedding ring, there one thing you need to know right now. The two month’s pay rule DeBeers made this rule up to sell diamonds. This “rule” has no more validity than any other arbitrary recommendation. Your decision to spend money on jewelry should […]
The Psychological Effects of Debt
There is no doubt that money has an effect on every aspect of our lives, and for most of us, debt is a common consequence simply of living. Whether debt comes from student loans, medical bills or everyday spending necessities, being financially indebted can not only put a strain on your financial responsibilities, it can […]
New Year’s Resolutions for Paying Off Credit Card Debt
The holidays have come to an end, and with the excess of food and spending, most people’s credit card statements aren’t looking very pretty. In true traditional form, the beginning of the year is the time for setting goals we’d like to achieve. While losing weight is the reigning king of New Year’s resolutions, getting […]
3 Tips to Help Prevent Debt from Affecting Your Marriage
Money may not buy happiness, but it can ruin a marriage since couples who argue over finances are found to be at a higher risk of divorce. In fact, studies show that couples who argue over debt at least once a month may increase their risk of divorce by up to 40 percent Your time […]
Divorce and Debt: 4 Things You Need to Know
Going through a divorce is never easy. On top of the dissolution of a partnership you thought would last forever, there’s the taxing task of dividing your assets and choosing who gets what. And when it comes to the division of debt, things get even harder. If you and your partner are considering divorce, here […]
Single Mothers and Budgeting Advice (Part 2)
In a two-part series devoted to single mothers, we asked various mommy bloggers and financial experts to share their unique perspective on finances and how they found ways to save. If you haven’t yet, take a look at part 1 here. Then check out part 2 below: CG: Do you use any valuable resources for […]
Single Mothers and Budgeting Advice (Part 1)
In a two-part series devoted to single mothers, we asked various mommy bloggers and financial experts to share their unique perspective on finances and how they found ways to save. Update: Check out Part 2 of this series here! Check out the interviews below: CreditGuard (CG): What is a good solution for a difficult challenge […]
Infographic: Single Mothers on a Budget
Spread the word – share this infographic! Single mothers are an unmovable force—they are our caretakers, our doctors, our servers, our sisters and our daughters. They take care of us when we’re sick, and they pamper us when we’re down. They are the white-collar workers, the part-time workers, and the stay-at-home supermoms. More than 80 […]
