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May 2012

Thousands Seek Financial Help
from NFCC Member Agencies Each Day

By Gail Cunningham The NFCC’s Member Agencies assist more than three million people each year with 12,500 consumers receiving counseling to resolve their financial distress on an average day. Whether the financial concern is related to building a budget, debt repayment, buying their first home, or saving the one they’re in, each day thousands of consumers recognize that the NFCC Agencies represent the gold standard in credit counseling, and reach …Read More

The Financial Planning Puzzle

By Gary Silverman In the midst of doing a puzzle with my wife, I realized it was a great metaphor for financial planning. Imagine receiving a pile of puzzle pieces and being told to put them together. Hey, it’s possible, but it’s not easy. At least it’s not until you look at the picture on the front of the box. It’s the same with your financial life. Putting together all …Read More

Using Comic Books to Teach Financial Literacy

By Jason Alderman For decades, millions of kids have faithfully followed the adventures of their favorite comic book superheroes like Spider-Man and the X-Men – sometimes well into adulthood. Although often considered pure escapism, comic books also can serve an educational role – whether it’s teaching the principles of science, demonstrating right vs. wrong, or even helping kids learn how to read. Personal financial management is one of those important, …Read More

How To Save Money This Memorial Day

By Lauralynn Schueckler Memorial Day and other holidays can be hard on your wallet, especially if you have a large family that you have to entertain. Save money this Memorial Day by participating in free or inexpensive community events that are sponsored by your local neighborhood organizations.  In many towns and cities, Memorial Day usually begins with a free parade down on the main street or avenue. Families can see …Read More

Tips For A Fun Family Vacation
That Won’t Drain Your Bank Account

By Gail Cunningham With Memorial Day weekend upon us that means the unofficial start of summer. Summer can be one of the most expensive times of the year to travel – especially if you are on a tight budget. With gas prices higher than ever, and many destinations only offering peak season pricing, many families are struggling with the task of planning a fun vacation without putting a serious financial …Read More

Elderly Mom Destitute With Credit Card Debt

By Erica Sandberg Erica, My mom is 77 years old. She lives in a one-bedroom apartment and has no assets (no car in her name, no IRA, no stocks, no retirement income, absolutely nothing). She lives entirely off her Social Security check each month. However, she managed to rack up about $15,000 on a credit card that she can no longer pay. She has no savings left. I consulted a …Read More

Financial Tip of the Day
Begin Saving Today!

By Drew Kessler Saving money isn’t as difficult as you may think. Follow these simple tips, and you’ll see how easy and quick it is to add a few extra bucks to your wallet.     Make coffee at home and take it with you Pack your lunch instead of eating out at work Wash your own car Skip a manicure or two Do your own yard work Clip coupons and …Read More

Knowing Which Financial Records
to Save, Toss

By Jason Alderman Thank goodness tax season is over. If the memory of hours spent hunting for and organizing paperwork is still fresh in your mind, maybe it’s time to do some financial spring cleaning so preparing next year’s taxes won’t be such an ordeal. Many people hold onto mounds of receipts and account statements because they’re not sure when it’s safe to toss them. (By toss, I mean shred …Read More

Fun & Exciting Ways to Teach Children
the Importance of Spend, Save, and Share

By Lauralynn Schueckler It seems that kids today find it increasingly harder to understand the value of money. It’s no longer like it was ten, twenty, or even thirty years ago. Today’s world is filled with micro transactions where even downloadable songs are anywhere from a dollar to a few dollars each on places like iTunes. The old saying, “Money doesn’t grow on trees” no longer illustrates to most children …Read More