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Debt & Finance Blog

Scales weighing Credit Card Debt and Tax Debt

Should I Pay Credit Cards or Tax Debt?

By Joey Johnston | August 15, 2019

The choice between paying credit card debt and taxes isn’t as simple as calculating money saved on interest. Failing to pay taxes has massive repercussions – just ask Martha Stewart.…

Jar of retirement savings

When to Take Social Security Benefits

By Tom Jackson | June 19, 2019

Your golden years should be an era of leisure and adventure, of self-discovery and reinvention. For most, maximizing our retirement experiences means maximizing our retirement income. When and how to…

Father's day card

Father’s Day Gift? Take Some Financial Pressure off Dad

By Tom Jackson | May 30, 2019

Millions of dads won’t admit it, but what they really want for Father’s Day isn’t an Apple watch or a Tom Brady jersey or a hair transplant. What they really…

Middle aged man laid off job

Finding a New Job After 50

By Joey Johnston | May 14, 2019

Getting laid off is traumatic, but at least I got the bad news in a fitting place. I was in a doctor’s office when my cellphone rang. It was my…

Sandwich generation infographic

How the “Sandwich Generation” Manages Raising Kids While Caring for Elderly Parents

By George Morris | May 13, 2019

American culture has created names for various age groups based on when they were born. Baby Boomers. Millennials. Generations X and Y. But another demographic has emerged based on what’s…

Merchant making a credit card transaction

Merchant Cash Advances

By Guest Author | April 24, 2019

Is your small business having cash flow challenges? Have you seen the tempting ads for merchant cash advances? If your answer to both questions is “yes,” be sure to consider…

Credit or Debit Card for Shopaholics

By George Morris | April 15, 2019

Consumerism is well-ingrained in our society and this has pushed some people to make shopping a little more seriously than others. We call such people shopaholics and they are a…

Military Man with family in park

Military Saves: What Is it and How to Participate

By Tom Jackson | January 14, 2019

The stress of dealing with financial problems is a huge concern in the military and one of the reasons it is so involved in promoting “Military Saves.” Military Saves is…

Debtors Anonymous Support Group

Debtors Anonymous

By Robert Shaw | November 28, 2018

A friend confides that the house sale she thought would bring a free-and-clear down payment on a retirement condo in sunnier climates took a surprise turn. Before settlement, her husband…

worried over bills

5 Ways to Reduce Financial Stress

By Tom Jackson | August 9, 2018

Feeling the squeeze from financial worry? Saying you’re not alone isn’t useful. Saying there’s professional help for your condition just might be the best thing this side of winning the…

Sources:

  1. Value Penguin (2019, August) Average Credit Card Interest Rates (APR) – August, 2019. Retrieved from https://www.valuepenguin.com/average-credit-card-interest-rates
  2. IRS (2019, August 1) Topic No. 653 IRS Notices and Bills, Penalties, and Interest Charges. Retrieved from https://www.irs.gov/taxtopics/tc653
  3. IRS (2019, June 21) Information About Wage Levies. Retrieved from https://www.irs.gov/businesses/small-businesses-self-employed/information-about-wage-levies
  4. Value Penguin, ND. What Happens If You Don’t Pay Your Credit Card: Consequences Explained. Retrieved from (https://www.valuepenguin.com/what-happens-if-you-dont-pay-credit-card-bill