Debt

Top Three Worst Excuses for Not Saving

by April Lewis-Parks Everyone knows saving money is one of the most crucial ways to build a stronger financial profile and safeguard your future, and you won’t find a person in the world who disagrees. So when it comes to a universally recognized rule for financial success, why are so many people so far behind […]

NerdWallet.com features Consolidated Credit’s advice on dealing with debt collectors

Having someone call you and demand money you weren’t aware you owed is an intimidating situation. What’s worse is that if you are getting that call, your debt is no longer being handled by the company that you originally did business with—it has now been handed over to debt collectors, who can try every underhanded […]

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 […]

Checking up on your summer finances

by Sijun Li June 20th is officially the first day of Summer! According to TripAdvisor, 56 percent of U.S. adults plan to take a summer trip before July. Before you run out and “get your tan on,” it’s important to review your finances and make summer a stress-free season when it comes to your finances. […]

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 […]

Shop Smart to Avoid Debt

 by April Lewis-Parks Overspending can happen no matter what capacity you’re shopping in. Spending too much on groceries can be just as damaging to your finances as splurging on a pricey pair of boots. When it comes to shopping wisely, the rules are universal and it doesn’t matter what types of purchases you’re making. The […]

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 […]

Protect Your Credit Report

  Do you regularly monitor your credit report? I strongly advise you to start doing so if you’re not already. There is no worse feeling then seeing a debt that isn’t yours show up on your credit report. And why in the world would you want to be stuck carrying the weight of someone else’s […]

Coming Up With a Debt Management Strategy

 by April Lewis-Parks Debt is a burden no matter what your age is, but when you’re in your 20s and 30s, credit card balances, student loans, auto and housing costs can be downright crippling. When you’re just starting out or at a point where you’re trying to amass some kind of savings and investments, any […]

Owe Uncle Sam Some Money? Don’t Pay With a Credit Card!

by April Lewis-Parks If you owe the IRS money this tax season and don’t have it available, avoid using your credit card or opening a credit card account for this purpose. It’s not a good financial and can lead to a substantial amount of debt. Credit card issuers and even the IRS tout the convenience […]

Recover from ‘Budgeting Burnout’

by April Lewis-Parks Living on a budget is one of the most effective ways to save money, keep debt under control, and accomplish your goals. But let’s be honest, budgeting may also require you to make sacrifices like cutting back on your morning lattes, lunches out or saying no to fun trips with your friends. […]

5 Things to Consider Before Spending

  People all across the United States changed their spending habits since the recession hit in late 2007. Pinching pennies and paying off debt became the new way to live. Splurging for big purchases was simply out of the question, even if it was for something useful such as a new appliance or electronic device. […]

4 Signs Your Finances Are in Trouble

We all have months where our finances may be stretched a little thin and it’s challenging to stay within our budgets, but there is a big difference between pinching pennies and entering into a dangerous money situation where your personal finances may be in trouble. Recognizing that you are headed down a rocky financial road […]

Top 3 Budget Blunders – And How to Work Around Them

Creating a budget is one of the most common and popular ways to save money, eliminate your debt, and plan ahead for that adventurous vacation you are organizing, but sometimes, planning every single expense, down to your last latte, can backfire. Maintaining a strict budget is a great way to cut out discretionary purchases, track […]

2012 Money Resolutions: Cut Costs and Dissolve Debt

Start 2012 off on the right foot with a clear and concise financial plan. With holiday spending over, consumers must face the reality of what was spent.  The stress of holiday overspending often leads to depression and anxiety. However, it is not how much a person owes, but how the debt affects them and what […]

What’s Your Revenue Score?

It probably comes as no surprise that credit card companies evaluate your income when determining whether to risk offering you a line of credit, but did you know about the often un-heard of “revenue score?” Calculated by banks, this number weighs in their decision to give you credit.  You might think a revenue score has […]

The Deadly Lifesaver: Things to Know (or Avoid) When Declaring Bankruptcy

When you made your first couple of dimes at your lemonade stand as a kid, the idea of bankruptcy never crossed your mind. Back then, making money seemed to be as easy as mixing sugar and water, but, unfortunately, our finances could sometimes get away from us and turn into more of a burden than […]

Economic Recovery Doesn’t Mean You Can Throw Budgeting Out the Window

by April Lewis-Parks The economy may finally be starting to turn itself around. Recent figures show better times may indeed be just around the corner. But that doesn’t mean you should stop doing what you’re doing to lower your debt, and it definitely doesn’t mean you can start freely spending again. Sticking with your “hard […]

New Guidelines for Debt Collectors Seeking Payment from Relatives of Deceased Debtors

After 119,000 consumer complaints were filed with the Federal Trade Commission in 2009 regarding harassing debt collectors and their deceptive practices, new proposals and guidelines have been released for debt collectors seeking to be paid from relatives of deceased debtors. At Miss Money Bee, we aim to keep our readers informed on the latest personal […]

Get through college without drowning in debt

Between paying for tuition and having enough gas money to visit home once in a while, college is a definitely a struggle. But it just got more difficult. The state of Florida is allowing its 11 public universities to hike a 15 percent increase on tuition this fall. Across the nation, the University of California […]