It’s no secret that credit card debt is a threat to your financial health — but what about your physical, emotional and even social wellbeing? According to a recent LendEDU survey, shouldering credit card debt from month to month can have some serious impacts on your relationships, your body and your mind. Here’s how your debt could be impacting you, and what you can do about it.
If you’ve ever been asked to co-sign a loan, you should take plenty of time to mull over the implications before making a decision. While saying “no” likely comes with its own set of repercussions — especially if the person holds a grudge against you — saying yes could impact you in a variety of notable, negative ways.
If you’re traveling abroad, there are certain things you should know: Where you stashed the underwear, how to say “I’m lost” in the country’s native language and the ins and outs of credit card foreign transaction fees. If you don’t know the latter, you’re not alone.
Scammers are a problem for everyone, but surprisingly, they seem to pose the biggest threat to young people. According to a FTC study, 40 percent of Americans between ages 20 and 29 reported losing money to scammers last year. Meanwhile, only 18 percent of Americans 70 and older reported the same problem.
Valentine’s Day, Mother’s Day, Father’s Day, Super Bowl Sunday. What do these all have in common? Yup, each is a holiday. But not just any holiday — they’re what some call “Hallmark Holidays.” This term is typically used to describe holidays that exist primarily for commercial purposes rather than commemorating an historic or important event.
Everyone knows getting married is expensive, but the bride and groom aren’t the only ones paying the price. According to a recent study from American Express, simply attending a wedding as a guest will cost you plenty. In 2016, the average wedding guest shelled out an average of $900. And that’s not including destination weddings. So what are people to do?
If you missed out on Shred Day but have a file cabinet overflowing with documents that you want shredded, don’t fear! Check out some of the options you have to get rid of those pesky documents for good.
Americans are carrying more debt into retirement than ever before. Making monthly debt payments during retirement can leave you with less money for necessary living expenses, especially if you’re living on a fixed income. Should you retire your debt before retiring?
When does your hobby become a business? There are two answers to that question — the one in your mind and the one in the language set out by the IRS. But the latter is really the only one that matters. In fact, in some cases the IRS may consider your photography side hustle, tutoring gig or even your lemonade stand a business; in others the agency is willing to let it slide into hobby territory.
The Federal Reserve recently announced an interest rate increase, and as you might guess, the move will likely cost you money. Although increases in the prime rate are often slow to show up in higher savings rates, they manage to increase rates on variable debts very quickly. That means you’re likely to see it in your credit card billing statements, adjustable-rate mortgages, home equity lines of credit, auto loans and more.