Managing Your Personal Finances During a Recession
Economists now agree that the American economy has entered a recession. Since March 2009, America has witnessed history’s longest bull market in which the S&P 500 rose 330 percent. Unfortunately, the party is over. The deadly and highly contagious coronavirus has shut down our economy. Since March 2020, tens of thousands of Americans have died, […]
How to Close the Bank of Mom and Dad
Parents are and always have been an immediate financial resource for their children, even if their children are grown adults in their 20s, 30s and even 40s. Regardless of relation, parents should not be viewed as a bank. Part of being an adult is independence, financial and otherwise. Here’s how to close the Bank of […]
Don’t Wait Until You Hit Rock Bottom to File Bankruptcy
You don’t have to be penniless to file bankruptcy. You don’t have to have your back against the wall. And you don’t have to lose everything to get a financial fresh start. Don’t wait until you hit rock bottom to file bankruptcy. Don’t deplete your savings trying to avoid bankruptcy 57 percent of Americans have less […]
Half of Americans Have No Money in Their Savings Account
A recent GOBankingRates.com survey reveals some alarming news. Half of Americans have no money in their savings account or even no savings at all. In a Google Consumer Survey, 49 percent of Americans reported they have no cash reserve. 62 percent reported having less than $1,000 dollars in the bank. The survey also found that 21 percent […]