Monthly Archives: October 2014

The Middle Class Can’t Afford It

Unfortunately, the middle class isn’t as comfortable as it once was ten or more years ago. With the recession and job market struggles, many of today’s middle class families can’t afford things they used to be able to buy. Vacations The average cost of a summer vacation for a family of four is $2500 or more. In order for a middle class family earning around $65,000 annually between the spouses that would mean saving $208 a month to [...]

By |2019-07-24T22:40:00+00:00October 30th, 2014|Categories: Tax Law, Tax Relief|Comments Off on The Middle Class Can’t Afford It

What To Expect With Foreclosure

Foreclosure means that the court will take property from a homeowner who is unable to pay his mortgage. Missing one mortgage payment will not lead to foreclosure, but missing multiple payments or not notifying your mortgage bank of your financial situation will increase the likelihood of being foreclosed on. If you know that your home is going to be foreclosed on and you think bankruptcy might be an option for you, you have a few things to consider. Sometimes [...]

By |2014-10-28T22:57:57+00:00October 28th, 2014|Categories: Bankruptcy|Comments Off on What To Expect With Foreclosure

Ways to Prevent Defaulting on Your Student Loan

Any debt can be overwhelming, but student loan debt can be particularly frustrating. Trying to budget for tuition costs and living expenses, especially if you’re still looking for a job, can be a nightmare. If you remember that communication is key, however, you can keep the process and your budget manageable. Defaulting on a student loan can cause ramifications in other areas of your life. You may have trouble signing a lease for an apartment or home, signing [...]

By |2014-10-21T23:02:03+00:00October 21st, 2014|Categories: Bankruptcy|Comments Off on Ways to Prevent Defaulting on Your Student Loan

What Does Defaulting on Student Loan Debt Really Do to Your Credit

The ramifications of defaulting, or no longer making payments on your student loan debt, are well documented and sound overwhelming, to say the least. This includes garnishment of wages and affecting your credit score. But, what does becoming delinquent on student loan debt really do to a credit score? The answer is that it can be difficult to tell, and it frequently depends on the creditor as well as a number of other factors. Credit Considerations Generally speaking, [...]

By |2014-10-16T23:03:16+00:00October 16th, 2014|Categories: Bankruptcy|Comments Off on What Does Defaulting on Student Loan Debt Really Do to Your Credit

Planning Your Financial Future While Young

Teenagers and young college students are often confused about how to handle money. Growing numbers of college students fear debt, foreclosures, and bankruptcy, sometimes because they’ve seen these things happen to parents or relatives. Learn What a Budget Is Most teens have a basic idea of what a budget is: the way to keep track of how much you earn and spend. But when it comes to forming one, these same teens can feel lost. Watching parents budget [...]

By |2014-10-14T23:07:06+00:00October 14th, 2014|Categories: Money Matters|Comments Off on Planning Your Financial Future While Young

Debt, It Isn’t All Bad

When we think of debt we think of those dreaded monthly payments and problems with collections. After all, it isn’t often you hear someone speak nicely about it. The truth is that there is actually a lot of good to be gained from some debt. Credit Score One of the major reasons you need some debt is to improve your credit. Without ever borrowing you won’t have much of a credit history, which essentially makes you a risk [...]

By |2014-10-09T23:08:16+00:00October 9th, 2014|Categories: Bankruptcy|Comments Off on Debt, It Isn’t All Bad

Single Parent Money Woes

It can stressful enough raising kids on your own after a divorce, but all too often the strain on finances becomes too much to bear. For some people, other issues arise that make stretching a single parent paycheck nearly impossible. Here is one woman’s story: Jennifer is a single parent raising children in Wisconsin. Earning only $11 an hour she has struggled to make ends meet, but was sustaining herself for quite some time until the worst scenario [...]

By |2014-10-07T23:09:49+00:00October 7th, 2014|Categories: Money Matters|Comments Off on Single Parent Money Woes

Budget Planning 101

You may be begging to worry about the expenses of the holiday season and even dreading the start of a New Year and the resolutions you know you need to make, but you shouldn’t be. The truth is that there is never a bad time for checking your finances. Now is the time for budgeting and saving. Most people don’t budget because they simply don’t know where to begin. The best place to start is by outlining categories [...]

By |2014-10-02T23:11:21+00:00October 2nd, 2014|Categories: Money Matters|Comments Off on Budget Planning 101