credit card debt

3 Steps to Boost Your Savings This Year

Many people begin the New Year excited about accomplishing their financial resolutions, but they become discouraged when they feel they are not reaching their goals fast enough. In response, many give up and revert back to negative spending habits that are detrimental to their futures. Saving consistently is challenging, but it’s important to have a […]

8 Ways to Make the Most of Your Holiday Bonus

No matter where you work, there’s always a glimmer of hope you’ll find something extra in your paycheck around the holidays. In the event such dreams actually do come true, a windfall of cash can make us do some strange things. Suddenly, even the most frugal shopper is looking for any excuse to spend their […]

How Do Credit Card Penalties Work?

by April Lewis-Parks Credit card penalties can be scary and confusing. Asking your bank to explain the different penalties to you doesn’t help much, as they will tell you to read your statements and contracts. But with all the fine print and legal terminology, how are you supposed to know what you will end up […]

Miss Money Bee Writer Tells You how She Became Debt Free

Back in 2007 spending money wasn’t an issue in my life. If I spent too much, I could get a second job or borrow money from my parents. At the time the economy was booming and it seemed that the only requirements to succeed were hard work and education. Once the economic crisis began, I […]

Which Debt Should You Pay Off First?

by April Lewis-Parks If you have more debt than your budget can handle, you are not alone. Today Americans owe about $47,000 in overall debt, according to the DailyFinance.com. When you owe so much it’s extremely hard to pay off debt while covering your basic necessities, but it’s not impossible. The first step is to […]

Is It Time For Plastic Surgery?

Many Americans are convinced that saving money is a waste of time. Why should they save if they can borrow money every time they need it? A big problem begins when an unexpected event doesn’t allow a person to make the minimum payments on their credit cards. It’s then when people realize they owe thousands […]

Is transferring a balance in your best interest?

When you’re fighting piles of credit card statements and it’s becoming increasingly difficult to make more than the minimum payment, a balance transfer may start looking like a pretty good idea. Interest-free payments thanks to a zero percent introductory rate? Yes, please. But before you call your lender, you should understand that transferring a balance […]

Are You Relying Too Much on Credit Cards?

Credit cards have several benefits that can help you better yourself. If used responsibly, they allow you to build a solid credit score, get out of a tight financial jam and enjoy spending perks, such as rewards and discounts. But if you fail to abide by the rule of moderation, you could end up with […]

Are We Financial Slaves?

The concept of financial slavery is psychological, but no one is forcing you to be a slave. Many people feel this way because of giving into materialism. We work long days, pay bills to survive, and use credit cards to buy items we can’t afford. The problem begins when we rack up so much debt […]

Living Your Best Financial Life

The effects of the recession hit Americans hard, and millions are continuing to recoup what they lost or overcome credit and financial obstacles that have hindered their progress. In addition, many financial problems that are plaguing most Americans are affecting every demographic at pivotal stages in their lives. Large student loans have made it difficult […]

Creative Ways to Lower Your Credit Card Bill this Summer

 by April Lewis-Parks Being strapped down with credit card bills can create stress and make it more difficult to save money. In addition, heavy balances take away from your ability to use your money in more meaningful ways, such as booking a trip or taking part in a new activity or class. One of the […]

Know the Difference Between ‘Good’ and ‘Bad’ Debt

Whenever we talk about debt it’s usually negative and in most cases for good reasons! Credit card debt might be preventing you from saving money and high student loan payments may leave little room for traveling and experiencing the finer things in life, but the truth is that not all debt is created equal. We […]

Enjoy Spring Break Without Breaking the Bank!

  Between family vacation and teenagers heading out with friends, the ways to overspend during the spring break season are endless. Even more unnerving are all the ways in which your finances can be put at risk. Credit safety and security should remain top priorities at all times. You need to be monitoring your credit […]

Leave Your Credit Card at Home on St. Patrick’s Day

  According to a 2009 survey, about 1 in 5 adults will celebrate on St. Patrick’s Day. No doubt green cocktails and Guinness pints will be flowing but make sure you have a plan to not overspend. A long night of celebrating can wreck havoc not only on your body but on your finances, there’s […]

Money well spent? Are your friends contributing to your debt?

by April Lewis-Parks The scenario is all too familiar. Your friends want to go out on the town for a fancy dinner and drinks at a high-end restaurant and you begrudgingly tag along, secretly worrying about how you’re going to pay the bill. Then come the weekend shopping marathons. Your best friend’s destination wedding. And […]

Do you spend a $1,000 a year on a cup of morning Joe?

  Being shouldered with credit card debt or finding it difficult to make ends meet every month can be a stressful situation, but many people may not be aware of the small changes they can make to their spending and the large results these simple alterations can have on their overall financial condition. If you […]

Are More Americans Starting to Use Credit Cards Again?

by April Lewis-Parks People have had a tumultuous relationship with credit cards since the recession. A sizable percentage of Americans struggling with unemployment and financial shortfalls were forced to rely on plastic and racked up significant credit card debt to meet their daily needs. Others shunned credit cards in favor of cash and debit cards, […]

3rd Place Winner of Consolidated Credit’s 15th Annual Holiday Story Contest

In early 2007, I had my daughter shortly thereafter my husband and I were married.  We soon found out we were expecting another baby due to arrive at the beginning of 2008.  With baby #2 on the way, the expenses from the wedding and having a new baby to care for, our bills began to […]

How to get organized in 15 minutes or less

Part of being a financially savvy is having order in your everyday life.  You can’t expect to keep a budget without keeping track of bills, receipts, checking, saving and investment accounts.  Reducing the chaos and implementing organization – whether it’s keeping your wallet clean and rid of old and irrelevant receipts or having your closet […]

89 Days until Christmas: Now is the Time to Prevent a Holiday Hangover

My favorite time of the year is swiftly approaching – Christmas!  For those individuals who celebrate other holidays like Kwanzaa, Rosh Hashanah, and Hanukkah – the tips in this article apply to you as well! Now is the perfect time to prepare your personal finances for a happy holiday that doesn’t land you in dreadful […]