You need a budget. It’s that simple. What isn’t simple, is making one and sticking to it. Simply put, a budget is a system that lets you track the money you bring in, the money you spend, and the money you save. There are dozens of websites and apps designed to help you wrangle your … Continue reading Budgeting Methods 101
For this Father’s Day, I interviewed my dad about his experiences with money, money lessons, and parenting around personal finance. Here is the transcript of our conversation, lightly edited for greater clarity. The Interview Me: The reason why I targeted you and not mom is that Father’s Day is coming up. What better way to … Continue reading Money Lessons From Dad: A Father’s Day Talk About Finance
Credit and Debit Cards: What’s the deal? Credit and debit cards. Each lets you pay for products and services. So what’s the difference? When you buy something with a credit card , you are borrowing money from the credit card company. The credit card company will send you a bill every month for the money … Continue reading Plastic 101: Credit and Debit Cards
This post is part two of a multi-part series on repaying student loans and the unexpected costs and considerations. The Quick Answer: Probably Not Government-issued student loans will not be discharged in bankruptcy unless the borrower can prove that repayment of the loan is an “undue hardship.” This may seem simple, yet it is not. … Continue reading Repaying Your Student Loans, Part 2: Is Bankruptcy an Option?
This post is part one of a multi-part series on repaying student loans and the unexpected costs and considerations. Introduction Students expect the income they will receive after graduation will prove sufficient to make a living and repaying student loans will be straightforward. Sometimes this expectation becomes reality. Sometimes it does not. As of 2017, … Continue reading Repaying Your Student Loans, Part 1: Tax Considerations in Repayment
In a growing and changing 21st century economy, our younger generations will need to depend on strong financial management skills more than ever. As professionals in bankruptcy, we often see consumers and business leaders at their financial worst with high-stress levels and low levels of hope. CARE is an organization working to provide our future generations with the … Continue reading Bankruptcy Judge Issues Financial Literacy Month Challenge