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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.

CFPB Announcement that will Ease the Minds of Consumers

By Tara Carter We’re all familiar with the headache that can come along with the consistent nagging of debt collectors, however the Consumer Financial Protection Bureau (CFPB) has just proposed new regulations that will give us a break from persistent debt collectors. Here are highlights of the proposed changes: To protect consumers from being contacted for debts that may be incorrect, debt collectors now have to confirm that they have …Read More

5 Ways You Could Be (Financially) Cheating on Your Partner

By Kurt Smith Learn more about Kurt on NerdWallet’s Ask An Advisor Do you think you and your partner are completely faithful to one another? There’s more than just physical and emotional infidelity to consider — there’s also financial infidelity. Financial cheating isn’t always obvious. Often we omit details or issues with our finances because they seem harmless, we think it’s something our partner shouldn’t have to worry about, or we’re nervous …Read More

Study: Why Millennials Are Waiting to Buy a Home — for Now

By Deborah Kearns of NerdWallet They’re graduating from college, starting new jobs, getting married and having kids. But one life goal that’s eluding a lot of millennials is homeownership, according to a new NerdWallet white paper. It’s not that millennials don’t want to own a home. In fact, NerdWallet, a personal finance website, found that most millennials would like to buy a home but think they can’t afford it. In its analysis, …Read More

Libraries and NFCC members work together to help those who serve our country

By Bruce McClary Members of the U.S. armed forces, Coast Guard, veterans, and their families face financial challenges often not adequately addressed by resources designed for the general public. Recent preliminary data from the Sharpen Your Financial Focus® (Sharpen) program reveals military families face unique challenges. For example, military Sharpen participants had higher unsecured debt balances ($400-$500 more) than the average Sharpen participant. Fewer tangible assets and higher debt-related expenses …Read More

Save Money on Halloween Décor

By Lauralynn Mangis As Halloween approaches, you may be scrambling to find spooky decor that doesn’t cost a fortune. After all, you’ve still got to buy costumes for the kids and spend a little money on the candy and treats that you’ll present to trick-or-treaters on Halloween night. However, if you plan on having a Halloween party at your home, or you simply want to make your home stylishly scary, …Read More

Money Prep for Prospective Parents

By Nat Sillin Bringing up baby is expensive – an average cost of $245,340 by high school graduation, according to the latest annual estimate from the U.S. Agriculture Department. That figure is just one reason why prospective parents are advised to consider parallel financial planning for child-based expenses and retirement. The key is to start preparing as early as possible. As adults start families later in life, financial needs for …Read More

10 Smart Money Moves to Make Now, Before 2015 Ends

By Stacy Johnson Yes, the kids have yet to go trick-or-treating, but it’s not too early to start making some year-end financial moves. Doing so will help give you a better picture of your financial health and how much you can spend on holiday gifts. No one of them should take long — you can probably knock them out during the commercial breaks of your favorite TV shows.   Change passwords Make a …Read More

How the Tooth Fairy Can Teach Your Kids About Money

By Nat Sillin When kids lose their first baby teeth around age six, it’s more than a chance to celebrate a milestone. It’s an early opportunity to teach girls and boys good money management. Visa’s latest annual Tooth Fairy survey indicates that the average price of a lost tooth is $3.19 in 2015. This is the fourth consecutive year that young Americans are finding more than $3 under their pillows …Read More

NFCC Names New Board Member

By Bruce McClary The NFCC is pleased to announce the addition of Jo Ann Barefoot, CEO of Jo Ann Barefoot Group, LLC, as an at-large member of the board of trustees. She has more than 35 years of experience as a champion for financial protection. The first woman Deputy Comptroller of the Currency, Jo Ann established the OCC’s original consumer protection and community reinvestment unit. She has also served on the …Read More

Everything You Need to Know About the New Generation of Payment Cards

By Nat Sillin There’s something new in plastic and it’s coming to a mailbox near you. In the coming months, be on the lookout for replacements to arrive for many of the debit and credit cards you carry. You might have already received some of these new cards, which look mostly the same – except for that little gold or silver colored microchip that’s embedded inside the card. That chip will …Read More