Deceased Relatives And Debts: Who Is Responsible?

After a loved one passes away, the last thing you as a grieving family member wants to deal with are debt collectors asking you to pay your loved one’s debts.  So what happens with those debts after the death of a loved one?  According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, family…
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Having This Much In Savings Will Help You Avoid A Crisis

Having an emergency savings account is the best way to avoid a financial crisis. But how much do you really need in savings? While that is debatable and dependent on your individual situation, there is a threshold everyone should aim for. 3-6 months’ worth of expenses Let’s just jump right into the answer. In order…
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pay off debt

3 Steps To Take To Break The Debt Cycle

We’re flashing back this Friday to Mary’s post about how to take action and break the vicious cycle of debt… Everything seems to be going fine until the economy takes a turn for the worst, you lose your job unexpectedly, hours are cut, self-employment income is lost, and you can no longer afford all of…
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Watch Out For These Warning Signs Of Having Too Much Debt

As I’ve discussed in a previous blog, getting into debt is easy. It’s exciting to buy new and shiny things or take a trip. Or sometimes your hot water heater breaks down and you charge a new one because you don’t have the cash on hand. Once you’ve charged, that’s when the hard part begins. It…
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Be More Hopeful By Having A Plan For Your Finances

Many times when I am done counseling someone they tell me they feel more hopeful. But when the session starts, they tell me: “You have probably never seen a situation as bad as mine.” The truth is usually I find their situation is pretty average because we all have debt, financial obstacles, and goals we…
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