American Shopping Holidays; 25 Facts about Black Friday and Cyber Monday

Last year, about 137 million Americans – about half of our adult population – flocked to malls, shops, and their favorite retailers on Black Friday. They’re spending big bucks, as U.S. consumers will throw down about $61.4 billion in sales this year, up from $41 billion in 2008. (In total, we’re expected to spend about $682 billion this holiday season!)

The name “Black Friday” actually came ...

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In Debt we Trust?

I came across a statistic the other day that gave me pause and made me reflect upon what so many people are doing wrong when it comes to their finances.

According to recent surveys, about 50% of Americans die completely broke.

Even worse, most people pass away not only with a net worth of zero but addled with significant debt. In many cases, that debt obligation is then ...

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Are you (or your partner) committing financial infidelity?

Money and relationships are inextricably tied, each exerting significant influence upon the other. Don’t believe me? In 2009 – during the dark days of the real estate crash and Great Recession – there were more foreclosures than marriages in the U.S.

I know what you’re thinking – there we an unprecedented number of foreclosures at that time, but the data on divorces during those financial hard ...

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Grrr and ughhh about $$$! Our stress about money and finances is higher than ever

According to new data from the American Psychological Association and other studies, money is the leading cause of stress for Americans.

In fact, 76 percent of Americans report that financial worries stress them out the most, above even work (70 percent), angst about the economy (65 percent), family responsibilities (47 percent) and personal health concerns (46 percent).

1 in ...

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Using Dave Ramsey’s Debt Snowball method to pay off your credit cards.

Amid our current rosy good news of stock market surges and economic growth, there sits an extremely prickly thorn: high credit card debt. In fact, the levels of U.S. consumer credit cards and other personal debt have reached levels not seen since the debt parade stopped in 2008 with the U.S. financial collapse.

In fact, as of 2016, our collective consumer credit card debt climbed to $927.1 billion, ...

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21 Financial Red Flags (Part 2)

These days, so many people are struggling financially, failing to save, awash in debt and student loans, shut out from home ownership, and wondering how they’ll retire comfortably. So it’s more important than ever to identify the red flags in our financial picture, and then fix them.

In part one of this blog we covered the first 7 financial red flags to look for. Here are 7 more to identify in case you’re inadvertently sabotaging your finances, and most importantly, action ...

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What do Donald Trump, big-time gambling, and early odds for the 2020 election have in common?

A lot was riding on this past US presidential election. It wasn’t just the fate of the nation being decided; whether we’ll be led the next four years by Donald Trump or Hillary Clinton in the White House. It wasn’t just policy, law, the economy, peace, or liberal vs. conservative doctrines teetering in the balance. In fact, there was a lot more riding on who came out a winner as POTUS in the early morning hours of Tuesday: money.

That’s because ...

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15-things-that-wont-affect-your-credit-score

15 Things that WON’T affect your credit.

We spend a lot of time on this blog scrutinizing the factors and financial decisions that affect our credit scores, but we realize it’s important to educate consumers what WON’T hurt their credit scores. But as you go down this list, remember that there are different credit agencies and scoring models that treat things differently, and we always advocate paying all of your bills and debts on time. That being said, here are 15 things that WON’T hurt your credit ...

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Federal-marshals-arresting-borrowers-who-aren

Federal marshals are now arresting borrowers who aren’t paying their student loans.

Man in Texas is arrested by armed U.S. marshals and local police for not paying his student loans.

When Paul Aker walked out to the mailbox in front of his Texas home last week, two armed U.S. Marshals were waiting for him. They said they were there to arrest him, a complete surprise to Aker. Not knowing whom these armed men really were (and because this is Texas, after all) Aker went back inside his home “to get my ...

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