Tag Archives: debt

Tuesday Top 5: Knowing Your Credit Score

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Somewhere between your SAT results and your cholesterol levels, your credit score becomes the most important number to govern how your life turns out. There are several factors that go into calculating your [...]

Famous Financial Flubs: the Kardashian Sisters

Forget keeping up with the Joneses — in 2010, the worst money mistake you could make is to keep up with the Kardashians. In mid-November, the celebrity trinity of Kim, Kourtney, and Khloe Kardashian released the Kardashian Kard, a prepaid debit Mastercard marketed at teens and other fans of the reality television stars. Kim described [...]

Tuesday Top 5: Financial Books for Generation Y

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Browse Amazon.com and you’ll find thousands of personal-finance guides in publication. But not all reading material is geared toward young people who are just starting out and don’t have a complex stock [...]

Financial Website Find of the Week: NetWorthIQ.com

This article in last weekend’s New York Times Magazine led me to NetWorthIQ, a website where users can anonymously log their assets, income, and debts to illustrate a complete net-worth picture. Members can update their holdings monthly to automatically produce graphs and compile data that track the trajectory of their net worth over time. The benefits [...]

Tuesday Top 5: Books on Personal Finance

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Amazon.com may be the best thing that ever happened to those of us who don’t want to be seen perusing the self-help section of the local bookstore. If you’re in need of [...]

Credit-Card Debt and Keeping Up With the Joneses

Hannah’s post yesterday on how to get out of credit-card debt referenced the Federal Reserve’s most recent Survey of Consumer Finances, which is full of fascinating data about which households are the most likely to be in debt. Overall, 46.1 percent of American households reported holding debt on credit cards. But a look at who [...]

Tuesday Top 5: Getting a Handle on Consumer Debt

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. I was recently reviewing the Survey of Consumer Finances, published earlier this year using data from 2007. I thought it was interesting that only 46.2 percent of American households reported having credit-card [...]

Wrapping Your Head Around 12 Zeroes

Suffice to say, a trillion of anything is a lot. Since most people we’ve talked to aren’t entirely clear on how big it really is, for visual learners (like myself) we put together these graphics to illustrate the enormity of a trillion dollars.  Want more visualizations? MightyBargainHunters.com has even more ways to wrap your head [...]

A New Trend: Credit Card Amnesty

Credit card companies have never been as understanding as your middle school librarian, you know… the one who offered amnesty on late payments at the end of every school year. But with a record number of credit card defaults in May and new rules making it harder for banks to charge based on risk, the New York Times is reporting on a new trend of credit card companies settling delinquent accounts for substantially less than the amount owed.

Money Columnist Opens Up About Personal Debt

New York Times economic columnist Edmund L. Andrews got real with his readers this week and shared an enormous secret: Even personal-finance experts aren’t immune to poor money management. In an article adapted from his upcoming book, he explains how easy it was for him to get in over his head in debt, starting with [...]