RetirementSavvy

Posts Tagged: debt

Your credit score is a numerical representation of your creditworthiness and it tells lenders how good you are at repaying debts and effectively utilizing your available credit. There are several credit scoring models in use today, but the most common, the one most people are familiar with, is the FICO, created by the formerly named… Read Article →

Understanding that consolidating credit card debt is an option is important when you know that you have overspent and continually exceed the limits of your credit cards month after month. Credit card debt is the largest reason most people find themselves in debt. Consolidating that debt can make managing the debt easier and may even help improve your… Read Article →

The following is a guest post from Eric Hutchinson, a certified financial planner with more than 30 years of experience in the areas of financial planning, investments, estate and tax planning. Hutchinson has professional affiliations with The Financial Planning Association, the Certified Financial Planner Board of Standards and the Investment Management Consultants Association. As Jodi walked… Read Article →

There are a number of actions savvy individuals can take, both in the short-term and the long-term, when they earn a raise or receive a bonus. Being financially literate and one day achieving financial freedom is not something that comes with a financial windfall. Savvy individuals consider their investment options long before they have the extra… Read Article →

Documentary: Thinking Money: The Psychology Behind our Best and Worst Financial Decisions (2014). Most of us have made decisions we regretted the next day. The thrill of the purchase quickly wears off. The emerging field of behavioral economics reveals why and shows that we’re practically hard-wired to overspend, an activity that lights up the brain’s pleasure… Read Article →

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