Archive for the 'Uncategorized' Category

 Poll Respondents Admit Personal Finances
Keep Them Awake at Night

By Gail Cunningham Close to four in five respondents (79%) to the NFCC’s July poll admitted that their personal finances keep them awake at night. The second highest number of responses came in a distant second, with 13 percent indicating that they sleep like a baby. The remaining choices were marital concerns, job security, and [...]

 Read Contracts Carefully Before Signing

By Jason Alderman If you always stop to read the fine print before signing anything, congratulations – your parents trained you well. If you don’t, beware: Your signature could commit you to a long-term gym membership you don’t really want, an apartment you can’t afford, or worst of all paying off someone else’s loan you [...]

 Financial Essentials Checklist
for the College-Bound

By Gail Cunningham Many young adults are leaving home for the first time, yet remain ill-prepared to independently manage their personal finances. This is predictable considering that less than one-half of the states mandate a course in personal finance as a requirement for high school graduation. Further, the 2014 NFCC Financial Literacy Survey revealed that [...]

 Look at the Big Picture

By Mark Foster Impulse spending can land us in hot water. Buying a TV or digital camera because it’s on sale and we want it now can create problems for us if we don’t first look to see if we can afford it. Many people do stop and think before making a big purchase. However, [...]

 Smart Savings Advice For College Students

By Lauralynn Schueckler College students have a lot to worry about these days like classes, tests, schedules, roommates, partying, etc. That could be why so many college students put budgeting and financial matters on the “back burner.” The problem is that young people often don’t understand that they are setting themselves up for financial failure [...]

 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 [...]