Brexit – Stay Calm and Carry On
Britain is vote to leave the European Union seems like it should be a strictly local affair - not something to make Americans nervous. But in fact, it may well have something to do with us.
Credit Card Debt on the Rise in America
Even though America is economy is in somewhat better condition now, studies show that credit card debt is at the highest level since 2008. Based on data from the Federal Reserve, outstanding credit card debt is set to hit $1 trillion in 2016. This indicates that consumers are reverting to pre-recession spending patterns.
Financial Planning Tips for Recent Graduates
As proud families celebrate and relieved graduates get ready to enter the workplace, new financial concerns take precedence. Now it is no longer about how to pay for their education, it is whether they will get a job and how they will manage on their own.
Springtime for Savings
Spring is traditionally a time for dusting off the cobwebs, cleaning out the garage, and infusing new life into your home. Why not take this opportunity to take stock of your "financial home" and make some smart springtime moves that could save you money?
College Savings and Loans
According to a survey by Sallie Mae, families are under increasing pressure to take out loans to finance college. Saving for college seems like the best alternative, but there are some misconceptions about the process.
Maintaining Financial Stability in Economic Uncertainty
The recession (meltdown) of 2008, was a big wake-up call for everyone. Fortunately, the collective anxiety that we experienced being on the brink of another Great Depression has passed, and the world is economy has recovered over the past 8 years. But we should not forget the lessons that recent history has taught us. Here are some things that can be done to weather a potential financial storm.
David Lerner Associates: Monopoly and Financial Literacy
Playing Monopoly on game night has been a part of almost every American household for decades. One of the benefits of playing the board game was the financial literacy learning that took place. Now the game is being updated to reflect the current financial landscape - all transactions will be done via debit or credit card.
David Lerner Associates: Money Smart Tips for Credit Card Debt [INFOGRAPHIC]
38 percent of American households carry some credit card debt. Americans between 45 and 54 years old have the highest balances of any age group. When you are getting close to retirement, this debt could be a significant barrier to future financial security.
David Lerner Associates: Finances, Health, and Credit Can Affect Your Love Life
A recent survey by Nerdwallet showed that 60 percent of women ranked a potential partner is financial situation as important to them. Almost half (44 percent) feel that financial responsibility is more important than attractiveness in a romantic partner. This applies to men too, although the numbers differ according to age groups.
David Lerner Associates: Saving or Paying Off Credit Card Debt
At this time of year you will see many experts offering advice on how to set goals for 2016. Most of them lay out a plan to tackle all the aspects of your financial well-being. In the best of all possible worlds, this would be ideal. However, for many Americans it is more realistic to take on one goal at a time.