Financial Experts Weigh Debt Consolidation Options for Consumers
Experts discuss debt consolidation's potential benefits like lower rates and simplified payments, but warn of upfront costs and risks for those with poor credit.
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Experts discuss debt consolidation's potential benefits like lower rates and simplified payments, but warn of upfront costs and risks for those with poor credit.
Personal finance expert Dave Ramsey criticized widespread financial advice as misleading, citing historical inflation and income data to argue economic conditions are manageable.
A Fairfield County homeowner's Reddit post about moving to cheaper states prompted a wave of personal stories, revealing financial trade-offs, healthcare concerns, and social challenges.
The 50/30/20 budgeting rule allocates after-tax income into needs, wants, and savings categories, offering a straightforward framework for personal finance management.
A recent study shows nearly half of American workers have less than $1,000 in savings, with 75% living paycheck to paycheck amid high inflation and stagnant wages.
No-spend challenges, popularized on social media, involve avoiding nonessential purchases for a set period to save money and identify overspending areas. Participants set goals, timelines, and rules for essential expenses.
A 2025 survey shows over half of consumers use AI for financial advice, with 13% using it daily. AI tools help with saving money through goal setting, subscription management, bill negotiation, shopping, and automated savings.
Recent surveys indicate many Americans are setting financial New Year's resolutions, with side gigs seen as a way to boost income amid economic concerns. Average monthly earnings from side hustles vary, with figures reported for 2025 showing a range from lower to higher amounts.
Several banks and credit unions are currently offering high-yield savings accounts with APYs of 4% or more, providing savers with alternatives to the national average rate of 0.39%.