The holidays are right around the corner — and if you’re like most Americans, that probably means spending money you might not have. In fact, roughly half of millennials and Gen Xers are willing to add to their debt during this time of year — and 51% of all consumers say that the holidays are a good reason to increase the amount they owe. But since 70 million Americans experienced or were contacted about debt collection in 2017, those shopping decisions can have huge ramifications well into the new year.
In 2017, the U.S. spent around $3.5 trillion on health care, which is more than twice the average of other developed countries. Needless to say, we spend a lot on health. From an individual standpoint, unexpected costs can put a huge financial strain on you and your family, with bigger emergencies possibly putting you in debt.
The holidays are coming, which means now is the best time to start making your holiday budget. Budgeting reduces your risk of falling into debt, which is a lot easier than you’d think. Approximately 44% of shoppers rack up $1,000 in holiday debt every year. To help you avoid that kind of financial nightmare, here are a few simple tips you can use to keep from overspending.
First-time homebuyers will have many different responsibilities that come with owning a property rather than just renting one. From year-round yard maintenance to calling a plumber yourself, homeownership can seem much more expensive than you were expecting, especially in the first year. While 78% of recent homebuyers thought that their real estate agent was a very useful source of information regarding these types of expenses, many first-time homeowners still aren’t aware of a great financial perk. As a homeowner, you can receive certain tax breaks that renters can never claim.
The holiday season is fast-approaching and you’re strapped for cash. While retail chains are hiring big-time at this time of year, you might not feel like the retail world is right for you. So what can you do to keep yourself from breaking your budget during this time of year? Here are three ways you can make extra money during the holiday season to keep your bank account in the positives and your credit card debt low.
Work-related injuries are always something you hear about but aren't necessarily something you thought you'd suffer from yourself. Workplace injuries can be traumatizing, painful, and can negatively impact your ability to maintain employment. That being said, it's crucial to know what to do and what your financial options are after you've suffered a serious workplace injury. We've compiled some of