#debt-management

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#baby-boomers

Baby Boomers 'Had It All' But Are Now Drowning in Debt

Baby boomers face significant debt challenges as they approach retirement, driven by healthcare costs and supporting adult dependents.

These are Baby Boomers Top Financial Priorities

Baby Boomers prioritize retirement savings, debt repayment, and building emergency savings as they approach retirement.

Baby Boomers 'Had It All' But Are Now Drowning in Debt

Baby boomers face significant debt challenges as they approach retirement, driven by healthcare costs and supporting adult dependents.

These are Baby Boomers Top Financial Priorities

Baby Boomers prioritize retirement savings, debt repayment, and building emergency savings as they approach retirement.
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#retirement-planning

I'm 70 years old with nothing saved for retirement and only $25k in the bank - what should I do?

Many Americans in retirement struggle with financial stability despite Social Security.
Debt reduction strategies are crucial for older adults to improve their financial status.

Do You Agree With These Dave Ramsey Quotes?

Experts advise saving 6-11x salary by 60 for retirement standard-of-living maintenance.

Eight Scary Retirement Statistics That Will Keep You Up at Night

Social Security payments are often inadequate for retirement, with average benefits below $22,500 annually.
A significant portion of Americans are unprepared for retirement, lacking savings and planning.

I'm 29 With a Good Job But Completely Neglected My 401(k)- What Should I Do?

Increase savings gradually and utilize employer 401(k) matches for retirement growth.
Focus on high-interest debt repayment and creating an emergency fund.
Diversify investments using tax-advantaged accounts like IRAs.

Personal finance expert Suze Orman says this "is the #1 important thing in your life"

Suze Orman advocates that it's never too late to take control of your finances and work toward a comfortable retirement.

The End-of-Year Financial Checkup That Every Near-Retiree Needs to Do Now

Conducting a year-end financial review is crucial for effective retirement planning.

I'm 70 years old with nothing saved for retirement and only $25k in the bank - what should I do?

Many Americans in retirement struggle with financial stability despite Social Security.
Debt reduction strategies are crucial for older adults to improve their financial status.

Do You Agree With These Dave Ramsey Quotes?

Experts advise saving 6-11x salary by 60 for retirement standard-of-living maintenance.

Eight Scary Retirement Statistics That Will Keep You Up at Night

Social Security payments are often inadequate for retirement, with average benefits below $22,500 annually.
A significant portion of Americans are unprepared for retirement, lacking savings and planning.

I'm 29 With a Good Job But Completely Neglected My 401(k)- What Should I Do?

Increase savings gradually and utilize employer 401(k) matches for retirement growth.
Focus on high-interest debt repayment and creating an emergency fund.
Diversify investments using tax-advantaged accounts like IRAs.

Personal finance expert Suze Orman says this "is the #1 important thing in your life"

Suze Orman advocates that it's never too late to take control of your finances and work toward a comfortable retirement.

The End-of-Year Financial Checkup That Every Near-Retiree Needs to Do Now

Conducting a year-end financial review is crucial for effective retirement planning.
moreretirement-planning
#budgeting

My husband and I eliminated clutter and $32,000 in credit card debt by turning it into a game

We eliminated our credit card debt by changing our consumption habits and turning debt repayment into a manageable game.

Five Essential Money Moves to Make Before the New Year

Regularly checking your financial health is crucial as 2025 approaches, focusing on budgets and emergency funds.

A 38-year-old with $38,000 in student debt tells other generations, 'I highly recommend finding a way to avoid taking out loans'

Borrowers are struggling to readjust to federal student loan payments after a suspension during the pandemic, leading to budget cuts and side jobs.

Budgeting isn't for everyone, but 'intuitive spending' has its problems too

Financial experts are divided on budgeting, with some advocating for intuitive spending as a less restrictive alternative.

Dave Ramsey says the "typical millionaire lives in a middle-class house, drives a two-year-old or older car, and buys blue jeans at Walmart" - and he's spot on

Dave Ramsey provides accessible financial advice, emphasizing living debt-free and simple principles for managing money effectively.

Dave Ramsey says the "typical millionaire lives in a middle-class house, drives a two-year-old or older car, and buys blue jeans at Walmart" - and he's spot on

Dave Ramsey's financial advice emphasizes living debt-free, budget discipline, and effective savings strategies to achieve financial stability.

My husband and I eliminated clutter and $32,000 in credit card debt by turning it into a game

We eliminated our credit card debt by changing our consumption habits and turning debt repayment into a manageable game.

Five Essential Money Moves to Make Before the New Year

Regularly checking your financial health is crucial as 2025 approaches, focusing on budgets and emergency funds.

A 38-year-old with $38,000 in student debt tells other generations, 'I highly recommend finding a way to avoid taking out loans'

Borrowers are struggling to readjust to federal student loan payments after a suspension during the pandemic, leading to budget cuts and side jobs.

Budgeting isn't for everyone, but 'intuitive spending' has its problems too

Financial experts are divided on budgeting, with some advocating for intuitive spending as a less restrictive alternative.

Dave Ramsey says the "typical millionaire lives in a middle-class house, drives a two-year-old or older car, and buys blue jeans at Walmart" - and he's spot on

Dave Ramsey provides accessible financial advice, emphasizing living debt-free and simple principles for managing money effectively.

Dave Ramsey says the "typical millionaire lives in a middle-class house, drives a two-year-old or older car, and buys blue jeans at Walmart" - and he's spot on

Dave Ramsey's financial advice emphasizes living debt-free, budget discipline, and effective savings strategies to achieve financial stability.
morebudgeting
#credit-cards

What to know before you get a store credit card

Store credit cards can harm your credit score if not managed properly; experts advise caution when offered these cards.

Buy now, pay later services to hit record this holiday shopping season

Record spending on BNPL services is anticipated this holiday season, reflecting shifting consumer payment preferences amid growing debt concerns.

If you're drowning in credit card debt, balance transfers can help you take back control

A balance transfer can pause interest on credit card debt, allowing better financial control but requires a plan to pay off debt before the promotional period ends.

Zero-Interest Credit Cards: The Ultimate Financial Hack or a Dangerous Trap?

Zero-interest credit cards help consumers save significantly on interest, ideal for managing debt or large purchases.

Suze Orman Is Right About This Key Personal Finance Concept

Effective debt management is crucial for achieving financial freedom, especially with rising high-interest credit card debt.

Store credit card interest rates average 30% vs. 21% across all cards

Store credit cards can lead to high-interest debt and long-term credit issues; caution is advised during holiday shopping.

What to know before you get a store credit card

Store credit cards can harm your credit score if not managed properly; experts advise caution when offered these cards.

Buy now, pay later services to hit record this holiday shopping season

Record spending on BNPL services is anticipated this holiday season, reflecting shifting consumer payment preferences amid growing debt concerns.

If you're drowning in credit card debt, balance transfers can help you take back control

A balance transfer can pause interest on credit card debt, allowing better financial control but requires a plan to pay off debt before the promotional period ends.

Zero-Interest Credit Cards: The Ultimate Financial Hack or a Dangerous Trap?

Zero-interest credit cards help consumers save significantly on interest, ideal for managing debt or large purchases.

Suze Orman Is Right About This Key Personal Finance Concept

Effective debt management is crucial for achieving financial freedom, especially with rising high-interest credit card debt.

Store credit card interest rates average 30% vs. 21% across all cards

Store credit cards can lead to high-interest debt and long-term credit issues; caution is advised during holiday shopping.
morecredit-cards
#retirement-savings

More senior households are carrying high levels of debt: EBRI

More older Americans approaching retirement carry higher debt levels, impacting retirement readiness.

5 Milestones You Should Hit by Age 40 If You Want to Retire Wealthy

Establish a financial plan and emergency fund before turning 40.
Max out retirement contributions early to ensure financial independence.
Pay off high-interest debt to increase retirement savings.

Dave Ramsey says to never do it but I'm liquidating my 401(k) and pay off my debts

It's inadvisable to cash out 401(k) accounts for debt repayment; long-term savings must be prioritized over short-term financial relief.

More senior households are carrying high levels of debt: EBRI

More older Americans approaching retirement carry higher debt levels, impacting retirement readiness.

5 Milestones You Should Hit by Age 40 If You Want to Retire Wealthy

Establish a financial plan and emergency fund before turning 40.
Max out retirement contributions early to ensure financial independence.
Pay off high-interest debt to increase retirement savings.

Dave Ramsey says to never do it but I'm liquidating my 401(k) and pay off my debts

It's inadvisable to cash out 401(k) accounts for debt repayment; long-term savings must be prioritized over short-term financial relief.
moreretirement-savings

BuzzFeed is selling Hot Ones

BuzzFeed sold First We Feast for $82.5 million as part of its transformation to leverage AI in media.
#financial-literacy

These Credit Card Mistakes Are Destroying Your Credit Score

Credit card debt is soaring in America with serious implications for consumers' credit scores and financial stability.

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)

Improving credit score involves understanding credit, responsible usage, and taking consistent small steps, not just paying off debt.

I was $180K in debt after not learning about money growing up. My kids will learn from my mistakes.

Understanding financial literacy is crucial to avoid debt and build a secure future.
Personal experiences reveal the importance of discussing money in families for better financial outcomes.

We owe $150k on car loans - should we just sell our house and use the equity to wipe out our debt?

Simply making a lot of money doesn't guarantee wealth; lifestyle choices and debt can overshadow high income.

Suze Orman says this is the one expense you must cut in retirement

Retirement for many Americans relies heavily on Social Security, which proves challenging during economic instability.

These husbands went from broke to financially successful. Now they want to help you. - LGBTQ Nation

John Schneider and David Auten transformed their financial situation, raising awareness for LGBTQ+ financial representation through their experience and advocacy work.

These Credit Card Mistakes Are Destroying Your Credit Score

Credit card debt is soaring in America with serious implications for consumers' credit scores and financial stability.

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)

Improving credit score involves understanding credit, responsible usage, and taking consistent small steps, not just paying off debt.

I was $180K in debt after not learning about money growing up. My kids will learn from my mistakes.

Understanding financial literacy is crucial to avoid debt and build a secure future.
Personal experiences reveal the importance of discussing money in families for better financial outcomes.

We owe $150k on car loans - should we just sell our house and use the equity to wipe out our debt?

Simply making a lot of money doesn't guarantee wealth; lifestyle choices and debt can overshadow high income.

Suze Orman says this is the one expense you must cut in retirement

Retirement for many Americans relies heavily on Social Security, which proves challenging during economic instability.

These husbands went from broke to financially successful. Now they want to help you. - LGBTQ Nation

John Schneider and David Auten transformed their financial situation, raising awareness for LGBTQ+ financial representation through their experience and advocacy work.
morefinancial-literacy
#savings

Here's what to do before the Fed cuts rates-'you want to jump on that now'

The Federal Reserve plans to cut interest rates soon, affecting personal finance aspects like debt, savings, and loans.

"I regret buying the BMW" - Personal finance expert Suze Orman gives her best advice to this young woman

Wendy's financial habits highlight the importance of prioritizing debt repayment over luxury expenditures.

Here's what to do before the Fed cuts rates-'you want to jump on that now'

The Federal Reserve plans to cut interest rates soon, affecting personal finance aspects like debt, savings, and loans.

"I regret buying the BMW" - Personal finance expert Suze Orman gives her best advice to this young woman

Wendy's financial habits highlight the importance of prioritizing debt repayment over luxury expenditures.
moresavings
#home-buying

Americans Spent a Record Amount Over Thanksgiving-Here's How Holiday Debt Could Affect Your Homebuying Journey

Holiday spending can significantly hinder your chances of successfully buying a house.

I'm 35, trying to save for a house while paying off $50,000 in student loans - is it even possible in this economy?

Michael can balance student loan repayment and saving for a home with strategic financial planning.

Americans Spent a Record Amount Over Thanksgiving-Here's How Holiday Debt Could Affect Your Homebuying Journey

Holiday spending can significantly hinder your chances of successfully buying a house.

I'm 35, trying to save for a house while paying off $50,000 in student loans - is it even possible in this economy?

Michael can balance student loan repayment and saving for a home with strategic financial planning.
morehome-buying
#finance

Will lower interest rates help you escape credit card debt? Experts say no - but you still have options

Federal Reserve may cut interest rates, but it won't greatly aid those with high-interest credit card debt.

A Trauma of Money-certified coach shares the book that changed her money mindset and helped her tackle credit card debt

Understanding the psychological aspects of money is crucial for effective financial management, even for those with strong financial knowledge.

Chrystia Freeland to present her fall economic update on Dec. 16 | CBC News

Freeland's fall economic update will reveal the state of Canada's federal finances amid significant economic uncertainty.

Will lower interest rates help you escape credit card debt? Experts say no - but you still have options

Federal Reserve may cut interest rates, but it won't greatly aid those with high-interest credit card debt.

A Trauma of Money-certified coach shares the book that changed her money mindset and helped her tackle credit card debt

Understanding the psychological aspects of money is crucial for effective financial management, even for those with strong financial knowledge.

Chrystia Freeland to present her fall economic update on Dec. 16 | CBC News

Freeland's fall economic update will reveal the state of Canada's federal finances amid significant economic uncertainty.
morefinance

UK growth forecast upgraded after Reeves's 70bn spending boost

The OECD upgraded the UK's growth forecast, primarily due to Rachel Reeves's public spending package, while warning of rising debt and inflation risks.
#financial-advice

How to support your employees struggling with fuel poverty this winter - London Business News | Londonlovesbusiness.com

PayCaptain provides financial solutions for employees facing challenges due to fuel poverty and rising debt, emphasizing the need for support.

Struggling With Debt? Bankruptcy Can Provide a Second Chance.

Bankruptcy can be a viable solution for overwhelming debt, and seeking proper advice is crucial.

How to Choose the Right Travel Credit Card

Travel credit cards can be beneficial but require careful consideration of fees and earning structures to maximize rewards.

Dave Ramsey says "if you borrowed the money to do it, you couldn't afford to do it" - and he's got a point

Dave Ramsey emphasizes avoiding debt by paying for purchases upfront, warning against financing decisions.

3 Pieces of Dave Ramsey Advice That Are Worth Living By

Dave Ramsey emphasizes the psychological aspects of investing and debt management, suggesting that mindset is crucial for financial recovery.

Dave Ramsey says he "wants you to pay off your mortgage as bad as anyone in the United States" - but not like this

Cashing out IRA funds early to pay off debt incurs significant penalties and should generally be avoided.

How to support your employees struggling with fuel poverty this winter - London Business News | Londonlovesbusiness.com

PayCaptain provides financial solutions for employees facing challenges due to fuel poverty and rising debt, emphasizing the need for support.

Struggling With Debt? Bankruptcy Can Provide a Second Chance.

Bankruptcy can be a viable solution for overwhelming debt, and seeking proper advice is crucial.

How to Choose the Right Travel Credit Card

Travel credit cards can be beneficial but require careful consideration of fees and earning structures to maximize rewards.

Dave Ramsey says "if you borrowed the money to do it, you couldn't afford to do it" - and he's got a point

Dave Ramsey emphasizes avoiding debt by paying for purchases upfront, warning against financing decisions.

3 Pieces of Dave Ramsey Advice That Are Worth Living By

Dave Ramsey emphasizes the psychological aspects of investing and debt management, suggesting that mindset is crucial for financial recovery.

Dave Ramsey says he "wants you to pay off your mortgage as bad as anyone in the United States" - but not like this

Cashing out IRA funds early to pay off debt incurs significant penalties and should generally be avoided.
morefinancial-advice

'Buy now, pay later' plans are becoming more popular. Experts are concerned

Buy now, pay later plans are increasingly popular, with shoppers expected to spend significantly more this holiday season as they seek flexible payment options.

Lyon's financial straits could see former West Ham and Nottingham Forest stars put up for sale

Lyon faces a potential relegation and transfer ban due to 400 million euros in debt, necessitating player sales to stabilize finances.

What Happens Now That Spirit Airlines Has Filed for Bankruptcy?

Spirit Airlines filed for bankruptcy, assuring that travelers' bookings and loyalty points are secure during its restructuring process.
#economic-policy

China unveils massive debt swap to save local governments as it eyes trade fight with Trump

China unveils ambitious plans to lift local government debt and boost the economy amid rising financial stability concerns. The focus is on replacing hidden debts.

Reeves to press ahead with capital spending plans despite rising debt costs

Rachel Reeves is determined to increase borrowing for infrastructure despite rising debt concerns.

China unveils massive debt swap to save local governments as it eyes trade fight with Trump

China unveils ambitious plans to lift local government debt and boost the economy amid rising financial stability concerns. The focus is on replacing hidden debts.

Reeves to press ahead with capital spending plans despite rising debt costs

Rachel Reeves is determined to increase borrowing for infrastructure despite rising debt concerns.
moreeconomic-policy
#personal-finance

High Interest Debt and No Emergency Savings? Here Are Your Options.

Many American households face significant debt, averaging over $104,000 and struggling with inadequate emergency savings.

What percentage of your income should go toward your mortgage

Deciding on a mortgage allocation is vital for financial health; the 28/36 rule provides a widely accepted guideline.

I Was Nearly $30,000 in Credit Card Debt. There's One Solution I Wish I'd Known About Sooner.

Personal bankruptcy can be a viable solution for those overwhelmed by debt, yet often carries a stigma that discourages individuals from pursuing it.

Dave Ramsey says these are the two questions that separate rich people from poor people

The mindset difference between the rich and poor influences financial decisions and debt accumulation.
The average American is significantly in debt, indicating broader economic issues.

This Dave Ramsey Financial Advice Could Change Your Life

Dave Ramsey simplifies financial concepts, focusing on debt elimination, budgeting, and savings, making him a relatable authority on personal finance.

7 tips to help dig your way out of debt

Understanding the difference between needs and wants can aid in managing and reducing bad debt effectively.

High Interest Debt and No Emergency Savings? Here Are Your Options.

Many American households face significant debt, averaging over $104,000 and struggling with inadequate emergency savings.

What percentage of your income should go toward your mortgage

Deciding on a mortgage allocation is vital for financial health; the 28/36 rule provides a widely accepted guideline.

I Was Nearly $30,000 in Credit Card Debt. There's One Solution I Wish I'd Known About Sooner.

Personal bankruptcy can be a viable solution for those overwhelmed by debt, yet often carries a stigma that discourages individuals from pursuing it.

Dave Ramsey says these are the two questions that separate rich people from poor people

The mindset difference between the rich and poor influences financial decisions and debt accumulation.
The average American is significantly in debt, indicating broader economic issues.

This Dave Ramsey Financial Advice Could Change Your Life

Dave Ramsey simplifies financial concepts, focusing on debt elimination, budgeting, and savings, making him a relatable authority on personal finance.

7 tips to help dig your way out of debt

Understanding the difference between needs and wants can aid in managing and reducing bad debt effectively.
morepersonal-finance

I make my son pay for his college tuition. If he gets good grades each semester, I pay him back.

Understanding the true cost of college fosters appreciation; a unique tuition payment plan ensures children learn financial responsibility and avoid student debt.
#fiscal-policy

Budget plan to spend billions more won't stop tax rises

Chancellor Rachel Reeves plans to revise debt measurement rules to enable increased investment spending in the upcoming Budget.

NatWest urges Reeves to get balance right' when changing debt rules

Rachel Reeves must carefully consider the market's response to changes in Britain's debt rules to avoid adverse effects on borrowing and mortgage rates.

How Rachel Reeves could release billions more for investment in the budget

Rachel Reeves aims to revise fiscal rules to support UK investment and economic growth, acknowledging the necessity of recognizing investment benefits.

Budget plan to spend billions more won't stop tax rises

Chancellor Rachel Reeves plans to revise debt measurement rules to enable increased investment spending in the upcoming Budget.

NatWest urges Reeves to get balance right' when changing debt rules

Rachel Reeves must carefully consider the market's response to changes in Britain's debt rules to avoid adverse effects on borrowing and mortgage rates.

How Rachel Reeves could release billions more for investment in the budget

Rachel Reeves aims to revise fiscal rules to support UK investment and economic growth, acknowledging the necessity of recognizing investment benefits.
morefiscal-policy

This Foreign Country Holds More US Debt Than Any Other - and It's Not China

The U.S. national debt exceeds $35 trillion, heavily driven by defense spending, social programs, and accrued interest.

Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries

Governments must reduce mounting public debt levels to ensure economic stability and avoid future crises.

Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons

Paying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.
from Fortune
2 months ago

Boeing lines up $35 billion in liquidity amid strike, lay-offs

Boeing is seeking $35 billion to boost liquidity amid a factory strike and debt challenges.
Maintaining its investment grade credit rating is crucial for Boeing's financial strategy.
The company aims to diversify its funding sources over the next three years.

IMF approves $7bn funding agreement for Pakistan

Pakistan secures a $7bn IMF loan to address economic instability.
Funding support from China and Saudi Arabia was crucial for securing the IMF deal.

This Expert Helps Founders Make More By Controlling Their Feelings | Entrepreneur

Business owners often confuse revenue with profit, which can lead to financial instability.

Five tips for stopping your wages from being garnished - London Business News | Londonlovesbusiness.com

Wage garnishment can be halted through legal strategies and negotiation with creditors.

Catholic hospitals were founded to help the poor. Now they pay executives millions and charge some of the highest prices around

High medical bills can lead to significant personal debt despite appropriate insurance coverage.
Patients may struggle to access financial assistance for healthcare costs even if they are employed.
#student-loans

A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'

Shirin Tajani, a nurse, struggles with student loans and credit card debt despite a six-figure salary, highlighting a broader financial crisis among Americans.

Act now: Two key student debt relief programs expire Sept. 30

Borrowers facing missed student loan payments must act before September 30 to avoid severe financial repercussions.

A Gen Xer with a 6-figure salary and over $315,000 in debt can't afford a home: 'This country has failed us'

Shirin Tajani, a nurse, struggles with student loans and credit card debt despite a six-figure salary, highlighting a broader financial crisis among Americans.

Act now: Two key student debt relief programs expire Sept. 30

Borrowers facing missed student loan payments must act before September 30 to avoid severe financial repercussions.
morestudent-loans

I Love TopGolf, but Here Are 3 Reasons I Will Never Buy The Stock

Topgolf Callaway's share price has plummeted due to poor performance and excessive debt from the acquisition of Topgolf.

How to combat lifestyle creep with a financial fast

Lifestyle creep leads to increased spending and financial stress, which can be addressed through a financial fast.

A millennial who used side hustles to pay off debt explains the lucrative and easy ones she recommends

Lisa Ebsworth illustrates how setting financial goals can motivate and guide successful side hustles like TikTok and surveys for accessible income.

Steve Mnuchin calls for a culling of the 20-year Treasury bond he reintroduced

The 20-year Treasury bond is pricing higher than expected, costing taxpayers $2 billion annually and raising debate on its elimination.

Earnings call: Cumulus Media sees digital growth amid revenue dip By Investing.com

Cumulus Media's Q2 2024 revenue declined by 2.5% year-over-year to $205 million.
Digital marketing services revenue grew by 24%.
Company reduced fixed costs by $4 million and extended debt maturities to 2029.
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