Family Debt Management

Tips to Avoid Going into Credit Card Debt

02/06/2014
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Do you feel trapped in the never-ending cycle of credit card debt? Credit cards are very popular because they are easy-to-use and give you the freedom to make purchases without having cash readily available. The problem is that you may end up taking months, or even years, to pay off your purchases, and you...

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Different Types of Loans for Your Family

07/28/2013
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It’s easy to take loan basics for granted once you’ve been baptized into the vast world of financial lending. I remember struggling with loan decisions as a young adult. These agreements took a great deal of time and effort to understand. Trying to figure out whether the loan terms were reasonable or some type...

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How to Make a Bad Financial Situation Worse for Your Family

10/19/2012
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How to Make a Bad Financial Situation Worse for Your Family

I’ve seen the enemy and the enemy is me. There is no corner of our everyday lives where this rings truer than our own family finances. Struggling to balance your family’s checkbook can arise from tragedy or the climax of poor decision making, but more often than not, difficult situations become dire by our...

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Is a Prepaid Debit Card a Good Way to Teach Your College Student about Credit Cards?

07/12/2012
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Is a Prepaid Debit Card a Good Way to Teach Your College Student about Credit Cards?

  The average college student has over $3,100 in credit card debt. Is a prepaid debit card a good way to teach your child about how to manage a credit card and avoid the norm? Many young adults head off to college thinking the credit card in their pocket is magical. Suddenly, there is...

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You Should Get an Emergency Fund and Reduce Debt: Top Ten Family Finances Posts #7

07/03/2012
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You Should Get an Emergency Fund and Reduce Debt: Top Ten Family Finances Posts #7

I don’t think my sister would appreciate me sharing this on the internet, but she’s in a financial bind and it’s because she doesn’t have an emergency fund. In the grand scheme of putting your family finances together, paying off debt is important, but an emergency fund is essential. The Right Choice in a...

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Afraid of College? The Two Biggest Reasons Why Americans Don’t Get a Four-Year Degree

06/09/2012
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Afraid of College? The Two Biggest Reasons Why Americans Don’t Get a Four-Year Degree

If you’ve ever wanted a good reason not to go to college, I’ve got two of them. Usually unemployment causes people to flock to campuses to update and improve their skills. During the recession, the opposite occurred, college graduation rates decreased. The phenomenon confused some economists, so the St. Louis Fed researched the factors...

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Good Debt: Four Types of Debt That Can Pay-Off

06/06/2012
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Good Debt: Four Types of Debt That Can Pay-Off

I feel like sometimes we are so busy destroying debt, beating debt, punching debt in the face and eradicating debt that the real purpose of using debt is lost. Debt is not a boogeyman that sleeps under your bed, grabs your ankles and tortures you with loan balances. For many young families, it’s an...

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