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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.

Tag Archives: Financial Planning

Start Your Holiday Planning Now

 By Mark Foster While the holidays might not be right around the corner, it’s still a good idea to start thinking about your holiday spending. To some, it might seem odd to start thinking about a holiday budget now, however planning sooner is better than later!    The holiday season rolls around at the same time every year, yet it still seems to catch many off-guard. Ultimately, waiting until the last minute to begin thinking about a budget can …Read More

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

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

Starting Roth IRAs for Your Grandkids

By Jason Alderman Grandparents are notorious for spoiling their grandkids, but sometimes a more strategic approach to giving money can provide grandchildren a much better financial start. A 2012 MetLife Mature Market Institute study reported that 62 percent of grandparents provided financial support or monetary gifts for their grandchildren. In light of the recent economic downturn, some have indicated increased pressure to help out, says the study. If you’re seeking …Read More

Will Your Kids Inherit Your Debt?

By Jason Alderman Many people finally get around to writing a will in order to safeguard their assets for their heirs. But what if you’ve got the opposite problem: Your nest egg was decimated by the recession, bad investments, or simply living longer than expected and now you’ve got a mountain of bills you can’t pay off. Will your kids inherit your debts after you die? The short answer is, …Read More

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. That’s a good thing – better to research your options first. However, don’t procrastinate too …Read More

Financial Intervention for Your Parents?

By Jason Alderman Sometimes it’s hard enough just keeping track of your own finances. But, as many of us have learned, life gets even more complicated when your parents come to you for assistance with their money matters – or worse, when they don’t ask for help but really should. Many people, especially those who grew up during hard times, are fiercely independent and hate to relinquish control over any …Read More

Talking Finances With Your Valentine

By Jason Alderman Valentine’s Day may have just ended, but that shouldn’t stop you from talking about your financial future as a couple to keep your relationship on a healthy footing. In any marriage, major life changes may require you to reassess how you manage the family finances. Unfortunately, many couples don’t make time to plan ahead and are later caught off guard by their lack of decisiveness. For example: …Read More

Spending Your Savings Common Practice

By Gary Silverman, CFP® Are you a saver or a spender? Most of us are a bit of both—being only one is illogical. Many of us would also save more given the chance. At least that’s what you may think. However, several studies, as well as my own personal experience, show otherwise. A recent report from the Center for Retirement Research at Boston College looked at the spending habits of …Read More

Hopeful Recovery

By Gary Silverman, CFP® Hopefully we are coming out of the greatest financial mess since the Great Depression. And as the recovery continues, I hope that you, my dear readers, are coming back financially as well. Maybe you finally got a job again. Maybe your reduced hours have been restored. If you were used to regular overtime pay, I hope those extra hours are coming back as well. And if …Read More