Category: Debt
How To Finance: Manage your Credit and Debt
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Debt can be a complex topic, often shrouded in negativity. However, developing a healthy understanding of credit and debt management is crucial for building financial wellness. This article explores various aspects of credit, from personal attitudes towards debt to practical tips for responsible borrowing. Understanding Your Relationship with Debt Our…
How to Payoff Debt: Your Guide to Financial Freedom
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Debt. It’s a four-letter word that can strike fear into the hearts of even the most financially responsible individuals. According to a 2023 Experian report, the average U.S. consumer carries over $92,727 in total debt, excluding mortgages [1]. This burden can feel overwhelming, but there is hope! This guide equips…
Comparing the 30-Year Mortgage with the New 40-Year Mortgage
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The decision to embark on the journey of homeownership or investment involves a myriad of considerations. The choice between a 40-year mortgage and a 30-year mortgage extends beyond mere loan terms; it delves into the nuances of personal finance and investment strategy. In this comprehensive exploration, we dissect the multifaceted…
Debt Relief, Home Down Payment: 2024 Retirement Changes
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Supercharge Your Future: Taking Advantage of 2024’s Retirement Account Updates The average American retires with only $296,000 saved, falling short of a comfortable retirement for many. But 2024 brings good news for retirement planning with changes to 401k and Roth IRA plans. Let’s delve into how these updates can help…