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Money Management

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.

How to Save on School Supplies

By Becky Winters, Grant Coordinator at Navicore Solutions School is in session, and you know what that means: Your children need backpacks, books, notebooks, pens, crayons, Kleenex and an endless supply of other school items. Here are some tips to help you save money this fall.    1) Give your children a school allowance –Even though school has already started, your kids probably still are begging for every bell and …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

Researchers from The Ohio State University reveal the impact of credit counseling.

Since its launch in 2013, the Sharpen Your Financial Focus (Sharpen) initiative of the National Foundation for Credit Counseling (NFCC) has impacted the lives of more than 60,000 American consumers, helping them identify and resolve immediate financial concerns, gain a deeper understanding of financial literacy and debt management, and move toward long-term financial stability. To measure the extent of its impact, an independent, scientifically based evaluation was conducted by researchers at …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

Make Sure Your Freshman Gets a Money-Smart College Start

By Nat Sillin You’ve worked to train your children in money management, but college brings a whole new level of financial decision-making and challenges. So before they are off on their own, review these topics to make sure they’re ready. Start with what college costs. On average, the Class of 2015 graduated with a little over $35,000 in student loan debt. Depending on your financial situation and how you’ve planned …Read More

10 Things to Give Up in Order to Save Money

By Lauralynn Schueckler No matter what your income level is, learning how to budget and save a little money each month is a valuable skill. If you’re dealing with a change in income, mounting debt or have exhausted your emergency fund due to an unexpected need, then saving will help you regain financial health. If you are struggling to find extra cash in an already tight budget, try giving some …Read More

Mission Possible: Budgeting With A Yo-Yo Income

By Mark Foster In our budgeting classes with adults, one question often pops up – “How do I budget with fluctuating paychecks?” If your paycheck amount yo-yo’s instead of staying the same each period, it certainly is more challenging to create a budget and make it work, but it isn’t Mission Impossible. Look at what your minimum paycheck amount tends to be and budget using that. Too many people do …Read More

Money Saving Tips for College Students

By Drew Kessler Let’s face it, college is expensive and most students have a limited cash flow. The good news is that a number of businesses realize this and make an effort to accommodate their student clientele. Always keep an eye out for student discounts, and bring your student ID with you wherever you go. Many establishments offer discounts to anyone with a student ID – from clothing stores to …Read More

Christmas in July

By Mark Foster It may seem crazy to be thinking about Christmas in July, but actually it makes good financial sense. We know Christmas will eventually roll around, so it’s wise to start planning for it now to avoid stressing out and overspending later. When people wait till the last minute and basically wing it, it’s very tempting to just start charging gifts on the credit cards because there’s not …Read More

Planning a Wedding on a Budget

By Jason Alderman Should a dream wedding mean delaying a down payment on a home? That’s a tradeoff many couples make these days. The Knot, a wedding planning and publishing company, recently released its Real Weddings Study of average wedding costs for 2014, setting a national average price tag of $31,213 (not including the honeymoon). If the average cost of a U.S. wedding now tops $30,000, that’s a substantial sum …Read More