Archive for the 'Uncategorized' Category

 Urban Institute Study Raises the Question
Why People are not Reaching Out for Help

By Gail Cunningham The recent study released by the Urban Institute reveals that 35% of Americans have accounts in collections. So what keeps consumers from reaching out for help? NFCC member agencies assisted more than 1.5 million people last year with their financial concerns, but that is a only a fraction of the 77 million [...]

 Popular Money Advice You Shouldn’t Take

By Mary Hunt Money advice—it’s available everywhere. But that doesn’t mean you should take it. The wise person knows how to separate the good from the bad. Here are a few timely examples: Bad advice: Do not save money for yourself until you have paid off your credit cards. Direct every cent you can scrape [...]

 It’s Time to Get Our Heads
Out of the Sand

By Kris Gamm-Smith It’s time to get our heads out of the sand approach-avoidance with your money is a sure way to experience financial stress at its best! As a credit counselor, more than half of the people I see for counseling have been practicing this strategy for a long time, and to no avail. It [...]

 Five Steps to Finding $1,000
for Holiday Spending

By Gail Cunningham The 2014 holiday season is a short five months away, yet many are financially unprepared to begin shopping. In recent years, Americans spent an average of $800 on holiday-related expenses. That’s more than a week’s wages for many workers, and in spite of the fact that the December holidays are an annual [...]

 5 Basic and Simple Ways
to Reduce Your Credit Card Balances

Years ago, I found myself in the unenviable position of being about $30,000 in debt, mostly due to credit cards. Why I dug myself into such a deep hole isn’t important. What matters is what I did about it. Surprisingly, getting out of debt doesn’t have to be difficult. However it does require you taking a good look [...]

 What to Get the Grad Who Has…Nothing

By Donna Freedman Know a college senior who’s moving into his own place post-diploma? Want to give a gift even though you’re on a budget? Forget the $20 bill or the iTunes card. Instead, buy some dishtowels, a laundry basket, or a johnny mop. Your preparing-to-launch student may have saved up the first and last month’s [...]

 Poll Reveals Americans Lack Confidence
When Dealing With Personal Finance

By Gail Cunningham Successfully managing our daily lives includes making smart financial decisions, often requiring a fair degree of financial competence. Nevertheless, the NFCC June online poll revealed that the majority of respondents were not fully confident when managing their finances, with more than one in four (26%) wishing they didn’t have to deal with [...]

 What To Do If You Inherit Someone’s 401(k)

By Jason Alderman Talk about good news wrapped in bad: In the midst of grieving the loss of a loved one, you learn that you were named beneficiary of their 401(k) plan or IRA. Chances are you’ve got too much on your mind to make any sudden decisions about what to do with the money. [...]

 NFCC Challenges Americans to Declare
Financial Independence This Fourth of July

By Gail Cunningham  Each summer Americans take pride in celebrating the Fourth of July, the day that commemorates the 1776 adoption of the Declaration Independence proclaiming the country’s freedom from what is now known as the United Kingdom. This July 4, 2014 the NFCC challenges Americans to declare their own personal financial independence by making a [...]

 Couple Celebrates Five Years
of Remaining Debt Free

By Gail Cunningham  Paying off close to $123,000 of debt in less than five years is a great accomplishment. Remaining debt free for five more years is arguably even more amazing, but that’s exactly what Kandy and Russ Hildebrandt have done. As the NFCC Clients of the Year from 2009, the Hildebrandts are now celebrating [...]