April is designated as Financial Literacy Month. And financial literacy is the knowledge to of how to make smart decisions with money. Many aspire to financial independence, yet it requires planning, discipline, and commitment. It’s more than just accumulating wealth; it’s about attaining the freedom to live on your own
Transforming your financial life can be daunting but breaking it down into manageable steps can make the process much more achievable. It involves significant changes to improve your financial situation, habits, and outlook. Here are some steps you can take to begin this transformation: Assess Your Current Situation: Take stock
Inheritances and debts are separate legal concepts, and whether or not you inherit debt depends on various factors, including the laws in your jurisdiction and the specific circumstances of the situation. Here are some key points to consider: Estate’s Assets and Liabilities: When a person passes away, their estate includes
By Allison Anna Tait A prenuptial agreement can seem like something only high-profile people like Jeff Bezos – with his US$138 billion fortune to protect – actually need. But prenups – contracts entered into before marriage that detail how assets will be divided in the case of divorce – can be a
Medical debt is a significant burden and crisis that keeps many Americans awake, and it shows no signs of abating for over 30 million Americans. Presently, individuals owe more than $190 billion, causing financial distress with negative consequences for their well-being. Sadly, as healthcare costs continue to rise, many are
By Andrew Osterland, CNBC Few things cause more financial distress and anxiety than a large slug of high-interest rate credit card debt. Millions of Americans of all income levels carry large balances on credit cards that charge very high interest rates. According to Federal Reserve data, the average annual percentage
New York, NY – March 21, 2022: AG Letitia James attends press conference with union 1199SEIU leaders at union headquarters. (Shutterstock) NEW YORK – New York Attorney General Letitia James sent letters to the largest credit card companies and major debt collectors operating in New York, warning them of new state
New York City, NY USA February 28, 2022. Mayor Adams rings the opening bell at the New York Stock Exchange on the last day of Black History Month. (Shutterstock) NEW YORK – New York City Mayor Eric Adams today announced an agreement with Berkeley College that will deliver $20 million in debt relief
By FTC Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car? You’re not alone. Many people face a financial crisis at some point in their lives. Whether the crisis is
By Elizabeth Gravier, CNBC Consumers of all ages carry credit cards, but some generations have larger outstanding balances than others. Members of Generation X have the highest average credit card debt at $7,155, followed by baby boomers and millennials, according to credit bureau Experian’s latest consumer findings. With an average
