Consumer debt in the United States has hit a record high of $4.19 trillion. Over a quarter (26%) of that money is held on credit cards. Around 73% of those funds are tied up in automotive loans, student loans, or mortgages. With numbers like these, it is no wonder over half of Americans (60%) feel burdened by their financial situation.
Topics: payment options, consumer budgets, household budgets, personal finance
Whether you are dealing with massive debt or merely trying to make ends meet, proper money management can be overwhelming. That feeling of drowning? That’s normal. But financial freedom and control is not something achieved in a day. It is a journey that requires time, effort, and commitment.
Topics: consumer budgets, money management, household budgets, personal finance
Is there a danger in providing your financial information to a third-party budget application? The short answer is “yes.” But the benefits may outweigh the risks when done right.
Topics: consumer budgets, household budgets, financial education, personal finance