Helping a loved one achieve a major life goal, like buying a car or securing their first apartment, feels like the right thing to do. When they can’t get approved for a loan on their own, you might be tempted to step in and co-sign. You trust them completely, and you’re confident they’ll make every […]
The Unspoken Cost of Co-Signing a Loan (Even If Nothing Goes Wrong) Read More »
When a family member approaches you for financial assistance, the emotional pull to help can be incredibly strong. You want to support your loved ones, but lending to relatives is a decision fraught with potential complications that can strain even the closest bonds. Before you open your wallet, it’s crucial to understand the unique dynamics
Loaning Money to Family: What You Should Know Before Saying Yes Read More »
Managing money can feel overwhelming, especially when it seems like no matter how hard you try, you’re still struggling financially. The truth is many people unknowingly make small mistakes that slowly drain their bank accounts. These habits don’t always feel like bad decisions at the moment, but over time, they can add up to serious
7 Sneaky Ways You’re Sabotaging Your Own Finances Read More »
Earning six figures used to mean financial freedom, but for many, it now feels like barely staying afloat. You bring in $100K a year, yet you’re drowning in bills, debt, and rising costs. The reality is high income doesn’t guarantee financial security anymore. Lifestyle inflation, hidden expenses, and the cost of simply existing have made
$100K a Year, Yet You’re Drowning—The Financial Struggle No One Talks About Read More »
Inheriting a home can feel like a blessing during a difficult time, but it can also come with unexpected burdens—namely, debt. One of the most common debts tied to an inherited home is a line of credit. While it’s not always the first thing on your mind, managing this type of debt is crucial to
How to Tackle Inherited Debt: 8 Steps to Manage a Inherited Home with a Line of Credit Read More »
Life has a way of throwing curveballs when we least expect it. Whether it’s losing your job, facing a medical emergency, or dealing with sudden expenses, there are times when our savings just don’t cut it. In these moments, your 401K might become more than just a retirement fund. It could be the financial lifeline
7 Crisis Situations Where Your 401K Can Be a Financial Lifeline Read More »
Dear Dave, A few years ago, I had a real problem with credit card debt. Since then, I’ve gotten much better at handling my money, and I’m making about $80,000 a year. Two weeks ago, I received a letter about a credit card I had in 2020. The amount owed is $7,688. The letter doesn’t
One area of personal finance that remains constant even in these ever-moving and changing landscapes is the fact that, on average, men amass more debt than women. And, of course, the results are pretty much the same for credit cards, mortgages, and personal loans. Understanding some of these reasons, which are multifaceted in origin, is
Gender and Debt: 10 Reasons Why Men Accumulate More Debt Than Women Read More »
Through this recent series of articles, we have explored many aspects of how to create and adhere to a spending plan. However, this article will take a deeper look at several ways that a spending plan can help you deal with the heavy burdens of debt. Although this can be a daunting task, having a
12 Ways a Spending Plan Can Help You Deal With Debt Read More »
The medical field is an incredibly demanding yet rewarding career path that requires students to invest a lot of time, money, and energy into their studies. Unfortunately, the overwhelming expense of attending medical school can be burdensome for even the most fiscally responsible individuals. Many future doctors find themselves in significant debt after obtaining their
Paying Back Medical School Loans: Tips for Success Read More »
