Medical debt is a problem in the United States. It affects 41% of the adults in America, more so because Medicare covers most of the seniors, while the younger ones are already struggling from this financial burden. If medical debts are not maintained, they can cause lifelong financial problems. The Consumer Bankruptcy Project reports that […]

This holiday season is one of bliss and merry merriment, but it also ends with tremendous financial mishaps. In fact, it can be the season of over-spending on gifts, using too many credit cards, and forgetting savings. This is the perfect time for refreshing habits, and taking back control of your finances as you go

As we step into a new year, it’s a perfect opportunity to reflect on the financial habits and trends that shaped the past. While 2024 brought its share of viral money moments—some helpful, others purely entertaining—not every trend deserves a place in 2025. Holding onto habits or trends that didn’t truly benefit you can hinder

Modern-day credit card scams are getting a bit too sophisticated. Your financial details are now as important as never before, for the scammers are always up to one better in deceiving unsuspecting minds. Mostly, they rely on unsolicited telephone calls, e-mails, and text messages stating that your account is compromised by the financial institution. They

Credit cards can be very potent tools in the right hands. However, in the wrong hands, they create too much debt and financial stress. The average American household owes approximately $6,473 in credit card debt. Therefore, one should know how credit cards work. If you are a new credit card holder or an old player,

First of all, know how it happened. Was it due to some illness you didn’t foresee? A job loss? Or perhaps something else huge that just threw you into debt? Or maybe it was just something else; some sort of creep into over-spending? Only with this understanding do you find a way around the pitfall

Debt is one of the most prevalent financial problems which have been witnessed by millions. If you fall under this category, then do not feel alone. According to LendingTree, in the fourth quarter of 2023, collectively, Americans owed $1.129 trillion on credit cards. That is a reflection of how wide the problem of debt is.

Getting a second personal loan may sound like a way out of your money woes, but more often than not, it will be more trouble than its worth. Though personal loans are still the most widely provided consumer loan product in America, they are to be cautiously taken—especially when handling heavy debt burdens. Many people

What Is a Debt-to-Equity Ratio? The debt-to-equity ratio gives the extent to which a company finances its operations with borrowed funds versus the capital owned. This is obtained by dividing the total debt of a firm by the total assets of that company. Suppose a firm has total assets worth $100,000 and has borrowed capital

Running a business is no small feat. Every choice you make affects your bottom line, and in today’s competitive, inflation-driven market, each dollar counts. A single small error could bleed the profits out of your business, slowing down its growth. Here’s the good news – by learning about common errors, you can avoid them, and