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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.

5 Ways to Keep Bank Accounts Cool During Hot Summer Months

 By Tara Carter Temperatures are heating up this summer, but that doesn’t mean you’re spending has to increase with these hot temperatures. Here are 5 ways to help keep spending under control, and bank accounts cool this summer:   1) Set a Budget  Pay attention to spending habits so you don’t end up spending more than you earn. Over spending is a quick way to lead yourself into poor financial health and …Read More

Are You Ready for an Emergency?

By Mark Foster Recently Bankrate.com released a staggering statistic stating, “66 million U.S. adults have no savings.” Let that sink in for a minute. That’s the same number as the population of California and Texas put together! That’s a lot of people living paycheck-to-paycheck, and living on the edge of a financial cliff. It can be easy to put off the task of building your savings account, however the reality …Read More

Tips for saving money on your summer vacation

   By Steve Nitz With Memorial Day weekend – the unofficial start of summer out of the way, millions of people across the United States will be travelling to various hot spots for their annual summer vacations. It’s always a great experience to visit different towns, beaches and national parks, but vacations can get expensive, especially if you’re taking the entire family. With that in mind, here are five ways …Read More

Soon to be Dads: Preparing for a New Baby

By Tara Carter Congratulations, you’re having a baby! Planning for a new child can be fun and exciting, and making sure you’re financially prepared is a huge part in ensuring you’re ready to bring baby home. One of the most important things to do when getting your finances together is to SAVE! Having money saved is not only smart for emergency purposes, it will also ease the stress of having …Read More

4 Things Small Business Owners Should Do Before Fiscal Year End

By Odysseas Papadimitriou, CEO of WalletHub It might seem like the year’s just getting started, but it’s time to start thinking about the end, fiscally speaking, if you’re a small business owner. Most companies follow the general calendar and use December 31 to mark the end of a fiscal year. But many small businesses – plus nearly 25% of the S&P 500, according to company disclosures – stray from this norm, …Read More

Four Tips to Improve Your Financial Future

      By Katie Ross, Education & Development Manager, American Consumer Credit Counseling, Inc.   Many Americans are struggling financially – compounded by poor financial habits that are leading to more debt and limiting their ability to save. Just 40 percent of adults in the U.S. keep a budget and track their spending, according to the NFCC. Just as troubling, at least 20 percent of Americans spend more than they …Read More

The Last Word on Financial Literacy Month: National Survey Reveals Small Gains in Savings but More Americans Carrying Credit Card Balances

By Bruce McClary The National Foundation for Credit Counseling (NFCC) and BECU, the nation’s fourth largest not-for-profit credit union, have released the results of the 2016 Financial Literacy Survey. Conducted online in March and April 2016 on their behalf by Harris Poll, the survey includes responses from more than 1,600 U.S. adults ages 18 and over. In its tenth year, the report provides a fresh look at the American consumer’s …Read More

Winning the Mini-Powerball (a.k.a. Getting a tax refund)

By Mark Foster Did you know that last year the average tax refund was $3,034? Oftentimes when people get a large tax refund, it’s treated like a little lottery winning. We have seen people get a large refund of $3,000, $4,000 or more but spend it all within a few months and not improve their financial situation much, if at all. It’s okay to have some fun with your money – …Read More

Some gifts come with a hefty price tag for their new owners

By Bruce McClary Consumers are expected to spend over $630 billion on holiday shopping this season, in the malls and online. Once the gifts are unwrapped and put to use by their new owners, some of the recipients may be in for serious sticker shock when the cost of maintaining their new possessions begins to add up. The National Foundation for Credit Counseling (NFCC) has identified some popular gifts that are …Read More

Beware of These Financial Tricks or Treats

By Drew Kessler Halloween tricks or treats come along only once a year, but the consequences of financial decisions usually last far past the next spooky holiday. Options that seem good on the surface, if not handled properly, can have long-lasting negative consequences.To understand how a seemingly good financial move can work against you, the NFCC encourages consumers to review the following to see if their actions are resulting in …Read More