It is estimated that 3 out of 5 people make New Year’s resolutions each year to save money and only a fraction accomplish those goals. The reason this number is so low is simple. People set unrealistic goals. Saving money is a great goal and achievable for everyone regardless whether you who are living paychecks [...]
Category Archives: Financial Goals
Tax Changes
We all remember the “fiscal cliff” looming toward the end of December. Well, as we all recall from nonstop media coverage it had been resolved just in time. Now the questions remain what on earth happened? What are the tax changes and will it affect me? The unanswered questions now have an answer. Keep in [...]
Impacts of Credit
All of us have heard that having a good credit score is extremely vital in the United States of America, however many people don’t understand the impact of a bad score. For starters, the majority of us are not fortunate enough to purchase a home or car with cash, so we must resort to taking [...]
Will Cancelling Cards Hurt My Credit Score?
A Money Talks News reader asks… I have a huge concern: My husband and I have pretty good credit: (credit scores) above 750. I decided to apply for (low interest) credit cards that I could transfer balances to and pay off a family vacation. My concern is that I applied to two cards based on [...]
Ask American Debt Counceling
American Debt Counseling is committed to helping our clients to the best of our ability. We want to take that commitment a step further by asking you, our readers and clients, what your financial questions are. We understand that many of you reading have questions that you would love an answer to but don’t know [...]
What are my investment options?
Investment Options Mutual Funds Mutual funds are a popular investment vehicle. They do carry a risk; however it is still considered one of the safer investments. A mutual fund is overseen by a professional who will invest in numerous securities. The reason this investment vehicle is one of the safer choices is because of diversification. [...]
Ten Things Women Can Do To Protect Their Financial Futures
During National Women’s History Month in March it is interesting to note that the woman on the one dollar coin is Sacagawea, the Shoshone guide who helped lead the Lewis and Clark Expedition. The honor is especially fitting because women often guide their families’ finances yet sometimes also need special guidance themselves when it comes [...]
Celebrate Washington’s Birthday By Saving A Dollar A Day
In difficult times like these it is hard to save money. But it doesn’t take a lot. The FDIC, which insures money in bank accounts, created the table below to illustrate how putting aside just one dollar a day in a savings account with five percent compounded interest would grow: At the ten year mark [...]
Take Charge of Your Credit Card Debt
If holiday bills threaten to be the straw the breaks your budget’s back, you don’t have to face the problem on your own. There are several options open to you including credit counseling and debt management programs offered by American Debt Counseling and other non-profit organizations. In 2009 alone, American Debt Counseling helped clients pay [...]
Holiday Layaway Plans Hailed As Alternative To Credit Cards
SUNRISE, Fla. (September 27, 2010) – According to the credit counseling experts at the national non-profit American Debt Counseling, tough economic times and general consumer wariness of excessive credit card spending have paved the way for store layaway plans to make a comeback this holiday season as shoppers seek to trim their holiday spending and [...]
