‘This has gotta stop’: This Cleveland man going through a divorce is spending $970/month to pay off his truck — and now his ex wants him to eat $15K more of debt. Dave Ramsey responds Divorce can be financially devastating — as one Cleveland man recently found out. Corey called into The Ramsey Show recently …
After two years of increased spending, consumers are now facing challenges such as rising interest rates, diminishing savings, and the return of student loan payments, resulting in growing credit card debt. CEO Dana Telsey of Telsey Advisory Group described consumer spending ahead of the holidays as “choiceful, discerning, careful, cautious,” indicating a cautious season. JCPenney …
Worried young couple with financial bills stock photo. Shadow DOF. Developed from RAW; retouched with special care and attention; Small amount of grain added for best final impression. 16 bit Adobe RGB color profile. Milos Dimic | E+ | Getty Images For some shoppers, the upcoming holiday season may lead to piling on more debt. …
The Federal Reserve left its target federal funds rate unchanged Wednesday, but did not indicate an end to its aggressive rate hike campaign. This provides little relief for households facing sky-high borrowing costs. In total, Fed officials have raised rates 11 times in the past 18 months, bringing the key interest rate to a target …
Love is said to be priceless. However, when it comes to weddings, that statement doesn’t hold true. According to a report from the wedding website The Knot, couples in the United States spent an average of nearly $30,000 on their weddings in 2022. But it wasn’t always this way. In the 1950s, the “Complete Guide …
The Federal Reserve Bank building Kevin Lamarque | Reuters The Federal Reserve has raised the target federal funds rate by a quarter of a point in its ongoing efforts to control inflation. In a move expected by financial markets, the Federal Open Market Committee of the central bank increased the funds rate to a target …
Jose Luis Pelaez Inc | Digitalvision | Getty Images Why having a credit card can be beneficial According to Ted Rossman, senior industry analyst at CreditCards.com, having a credit card and using it responsibly is a smart way to start building a strong credit score. Good credit is essential for qualifying for loans like mortgages …
Equifax Canada has revealed new data indicating a significant shift in credit usage among businesses during the first quarter of 2023. These numbers highlight growing financial stress in the industrial and financial trades, raising concerns about the stability of the Canadian economy. In this period, businesses’ outstanding balance on bank-issued instalment loans decreased by 2.4% …
Subject: Concerns and Communication in a Relationship Dear Therapist, It has been four years since my divorce, and I am a single parent to three children. As I have rebuilt my life, I have focused on working full-time, owning my own home, and securing my financial future. However, a year ago, I was diagnosed with …
After more than a year of consistently increasing rates, the Federal Reserve decided to maintain its target federal funds rate on Wednesday. However, this offers little relief for households who continue to face high borrowing costs. Economist Tomas Philipson predicts that rates will not decrease and, in fact, borrowing costs are likely to climb even …