Go to Top

March 2012

Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

Can Your Family Afford College?

By Jason Alderman I’m a firm believer that the more knowledge you acquire, whether through college, trade school or self-study, the richer your life will be. But as college tuition and fees continue to skyrocket, students and parents increasingly are asking, “Is a degree really worth the cost?” For many people it certainly is: On average, college graduates earn roughly $550,000 more than high school grads over a lifetime, according …Read More

Financial Spring Cleaning:
Tips For Tidying Up Your Finances

By Gail Cunningham For many Americans the onset of spring and fresh air outside means spring cleaning inside. It’s time to swap winter clothes for spring/summer ones, and to get rid of the dust and clutter that’s built up over the cold months. Spring also is a great time to put your finances in order and save money in the process.The NFCC suggests the following tips for tidying up your finances. …Read More

How to Rebound from a Rock-Bottom
Credit Score

By Erica Sandberg Dear Erica, I wanted to know what I can do to obtain a real credit card. My credit rating really stinks, and it’s embarrassing. It’s in the low 400s, and I don’t qualify for anything. To make matters worse I’m receiving unemployment, but actively seeking employment. What can I do? I cannot at this point pay any of my past debts, so I’m really stuck. I know …Read More

A Million Doesn’t Go As Far As It Used To

By Gary Silverman The word “millionaire” invokes images of smartly dressed people sipping champagne, eating caviar, and listening to a live string quartet while docked off of Monaco on their yacht. Most people think that it is beyond their wildest dreams to become a millionaire; that it is something reserved for those born with silver spoons in their mouths or lucky lottery winners. Yet obtaining $1 million is actually a …Read More

My Story

By Mary Hunt For the past 20 years I have devoted my life to learning about money and personal finance. At first it was a matter of survival. It took 12 years for me to plunge my family into a pit of financial despair. Trapped. It appeared there was no way out. But appearances are not always what they seem. Slowly but surely, we began to fight, scratch, and climb …Read More

Can’t Pay Your Taxes? Try These Tips

By Jason Alderman If you’re worried you won’t be able to pay your income taxes by this year’s April 17 filing date, don’t panic; but don’t ignore the deadline and certainly don’t wait for the IRS to reach out to you first. Acting quickly not only gives you more repayment options, it can also significantly lower any penalties you might owe the government. I’ll get to the repayment options in …Read More

Financial Tip of the Day:
Get Financially Organized!

By Drew Kessler Organization is important. Having a designated time and place to pay bills and store records will give you the assurance that you are in control. Set up your place for paying bills with all of the basics: pen, stamps, work space, and possibly a calendar. If you can’t or don’t wish to pay your bills as they arrive, a calendar, chart, or list is a must. You need to …Read More

Should America’s Love Affair With Charging
Extend To Taxes?

By Gail Cunningham It’s always good to have options. It’s even better to choose the right option, particularly when it involves paying your federal income tax obligation. With the tax deadline fast approaching many are discovering that they have a tax liability they are not prepared to pay. Consumers who find themselves in this predicament do have some options, but it is critical to select the payment plan that is right …Read More

Worried About Your Mortgage?
Do Not Go It Alone-Seek FREE Help

By Sara Gilbert The number of foreclosure filings are on the increase in many areas in the country. Some mortgage lenders may have held off on the filing of a foreclosure, and just now they seem to be taking action to begin the foreclosure process with more homeowners.     The good news is many of those filings actually will never become a full blown foreclosure with the homeowner losing the home …Read More