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NFCC Blog: Staying the Course

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.

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

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

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

Financial Education Workshops for Military Exceed Anticipated Demand

By Bruce McClary In January 2016 the National Foundation for Credit Counseling (NFCC) partnered with the American Library Association (ALA) to serve active members of the military, veterans and their families. NFCC member agencies are working with local libraries to offer financial education workshops that use the Wells Fargo Hands on Banking® for Military (HOBM) curriculum, access to personalized counseling, and other resources that help families reach their financial goals …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

Credit Card E-Statements: If You Go Paperless, Do It Right

By Ellen Cannon of NerdWallet You do everything electronically and rarely get anything you want by snail mail. You do your banking from your smartphone. Now your credit card issuer is urging you to opt out of receiving paper statements each month and switch over to electronic statements entirely. Should you? American consumers have embraced online banking since banks began offering it in the early 2000s. Electronic statements appeared shortly …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