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Opinion | Rising consumer debt is a warning sign for the U.S. economy – The Washington Post

March 9, 2023 by Brett Tams

Opinion | Rising consumer debt is a warning sign for the U.S. economy  The Washington Post

Posted in: Savings Account Tagged: 2, 2023, 30-year, ad, aid, All, analysis, Apps, Auto, auto loan, Auto Loans, average, banks, basics, Benefits, big, Big Picture, bills, bold, borrowers, budgets, business, Buy, Buying, car, car prices, cars, Children, Choices, Collections, color, company, consumer debt, Consumer Financial Protection Bureau, Consumers, consumption, country, Credit, credit card, Credit Card Debt, credit scores, Crisis, data, Debt, debt collectors, Debts, decades, drives, driving, Economy, energy, Equifax, expenses, Fall, Family, Federal Reserve, Financial Wize, FinancialWize, food, furniture, gift, Goldman Sachs, government, gray, great, growth, health, heat, Hiring, home, home loan, homes, hot, household, household debt, Housing, housing crisis, Income, Inflation, interest, interest rates, items, job, job market, jobs, Layoffs, lenders, Life, list, loan, Loans, low, low-income, LOWER, making, market, md, Medicaid, money, More, Opinion, Other, pandemic, paycheck, paycheck to paycheck, payments, percent, Personal, personal loan, Popular, poverty, president, Prices, protection, Rates, Recession, repair, return, running, savings, School, search, Secondary, Spring, stories, story, student, student loan, student loan debt, subscriptions, summer, tax, tax benefits, tax credit, tax refunds, time, title, used car, wall, Wall Street, washington, white, will, withdrawal, work, workers

An Ongoing Stimulus in the Economy For Years to Come – A Wealth of Common Sense

February 20, 2023 by Brett Tams

An Ongoing Stimulus in the Economy For Years to Come  A Wealth of Common Sense

Posted in: Renting Tagged: 2, 2017, 2021, 2022, 2023, All, ARM, Auto, Auto Loans, before, bonus, borrowing, Budget, Buy, buy a home, charts, color, consumption, country, couple, covid, crash, Credit, credit cards, Crisis, Debt, decades, Economy, environment, equity, estate, expensive, Family, Finance, finances, financial crisis, Financial Wize, FinancialWize, first home, fixed, floor, government, great, home, home equity, Homebuyers, homeowners, homeownership, homeownership rate, house, household, household debt, Housing, housing boom, housing costs, Housing market, housing prices, impact, Income, inequality, Inflation, Insurance, Loans, low, low mortgage rates, low rates, LOWER, luck, market, money, monthly budget, More, Mortgage, mortgage debt, mortgage payment, Mortgage Rates, Move, new, new home, pandemic, Personal, personal finance, place, Prices, rate, Rates, Real Estate, Recession, Refinance, returns, rise, sales, Saving, Spending, stimulus, story, student, Student Loans, taxes, time, timing, trend, under, Unemployment, upkeep, wealth, will

Mortgage balances increased by nearly $1 trillion in 2022

February 18, 2023 by Brett Tams

Mortgage balances drove the uptick in household debt during the fourth quarter of 2022, with an increase of $254 billion compared to Q3.

Posted in: Mortgage, Mortgage Rates Tagged: 2021, 2022, 2023, advisor, All, balance, Bank, borrowers, borrowing, budgets, Compound, Consumers, cost, Credit, Credit Report, Credit Reports, credit score, Debt, Debts, delinquent mortgages, equity, fed, fed rate, Federal Reserve, Federal Reserve Bank of New York, Financial Wize, FinancialWize, fixed, foreclosure, Foreclosures, General, HELOC, HELOCs, home, home equity, Home equity loans, home loan, homeowners, homes, household, household debt, Housing, Housing market, impact, Inflation, interest, interest rates, loan, Loans, low, LOWER, market, More, Mortgage, mortgage balances, mortgage loans, Mortgage originations, mortgage payments, Mortgage Rates, Mortgages, new, new york, Origination, Originations, Other, pandemic, payments, points, pressure, Prices, rate, Rate Hikes, Rates, Research, rise, serious delinquency, stretched, the fed, Unemployment, variable, volume

What happens after the Fed’s rate hike?

February 12, 2023 by Brett Tams

Once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?

Posted in: Mortgage, Mortgage Rates Tagged: 2, 2021, 2022, 2023, All, average, balance, balance sheet, bankruptcy, banks, before, big, bond, build, Built, Buying, Consumers, cost, covid, COVID-19, crash, Credit, credit scores, Crisis, data, Debt, debt payment, down payment, driving, Economy, Employment, equity, Fall, fed, Fed Policy, Federal Reserve, fico, Financial Wize, FinancialWize, fixed, fomo, Forbearance, Forbearance crash bros, Foreclosures, Freddie Mac, future, good, great, Grow, growth, healthy, history, hold, homeowners, homes, household, household debt, Housing, housing bubble, Housing market, housing recession, Income, Inflation, inventory, inventory levels, job, jobs, labor market, Law, lending, Living, Loans, LOWER, market, meta, model, More, Mortgage, mortgage backed securities, mortgage payment, Mortgage Rates, Moving, NAR, News, payments, place, points, protection, Purchase, Raise, rate, Rate Hikes, Rates, Recession, Refinance, refinancing, risk, sales, savings, securities, sheets, Short Sales, Spending, stress, summer, the fed, The Wall Street Journal, time, title, traditional, trends, under, Unemployment, unemployment rate, wall, wants, waves, will, work

Should You Pay Off Your Mortgage Before Retirement? There Are Pros and Cons

February 6, 2023 by Brett Tams

If you speak to any financial planners or so-called experts on the matter, they’ll probably say, “Yes, pay off your mortgage before you retire.” But is it fair to make the same conclusion for all individuals? Probably not. And times are changing… Carrying a Mortgage Into Retirement Most experts will tell you to extinguish the… Read More »Should You Pay Off Your Mortgage Before Retirement? There Are Pros and Cons

The post Should You Pay Off Your Mortgage Before Retirement? There Are Pros and Cons appeared first on The Truth About Mortgage.

Posted in: Mortgage Tips, Refinance, Renting Tagged: 2, All, Alternatives, assets, baby, baby boomers, balance, basic, before, Blog, boomers, borrowing, Budget, build, Buy, clear, cons, cost, Debt, decades, diversification, down payment, Down payments, Emergency, equity, existing, expenses, expensive, experience, experts, Fall, Fannie Mae, Financial Wize, FinancialWize, financing, fixed, fixed income, funds, future, getting a mortgage, gift, goals, good, great, Guaranteed Rate, heirs, HELOC, home, home equity, home loan, home loans, home prices, home purchase, homeowners, homeowners insurance, homeownership, house, House poor, household, household debt, Housing, Housing market, Income, Insurance, interest, interest rates, investment, investment property, investments, items, job, kids, lessen, Life, living expenses, loan, Loans, low, low mortgage rates, Luxury, Make, making, market, Medical, modern, money, More, more money, Mortgage, mortgage debt, mortgage interest, Mortgage Interest Rates, mortgage loan, mortgage payments, MORTGAGE RATE, Mortgage Rates, Mortgage Tips, Mortgages, needs, new, opportunity, Other, payments, Planning, poor, pretty, Prices, property, property taxes, pros, Pros and Cons, Purchase, rate, Rates, reach, Recession, renovation, retirees, retirement, retirement account, retirement savings, return, returns, Reverse, reverse mortgage, rich, savings, Savings Account, scholarships, second, second home, security, social, social security, stock, stock market, student, Student Loans, survey, surveys, tax, taxes, The Stock Market, time, trend, upkeep, utilities, value, wants, wealth, will, working, younger homeowners

2020’s Most and Least Financially Literate States

February 2, 2023 by Brett Tams

Financial literacy is the ability to understand and use money skills to maintain your personal finances. This mostly applies to simple money skills the everyday person uses, like building a grocery budget and saving for a rainy day and retirement.  Our first experiences with money typically begin when we get our first allowance or cash

The post 2020’s Most and Least Financially Literate States appeared first on MintLife Blog.

Posted in: Financial Planning, Investing Tagged: 2, 2022, 28/36 rule, aid, All, allowance, app, apr, Arizona, at home, author, Auto, auto loan, average, balance, basic, big, bills, Blog, Books, Budget, Budgeting, build, build credit, building, business, Buy, car, categories, closing, closing costs, College, color, Community College, Consumer Financial Protection Bureau, country, couple, Credit, credit card, Credit Card Debt, credit cards, credit monitoring, credit score, data, Debit Card, Debt, debt payoff, debt-to-income, down payment, earning, Economics, education, Emergency, expectations, Family, fed, Fees, Finance, finances, financial aid, Financial Education, Financial Goals, Financial Literacy, Financial Planning, financial well-being, Financial Wize, FinancialWize, friendly, future, game night, gap, gas, General, gift, goals, Google, great, grocery, grocery budget, healthy, home, house, household, household debt, household income, How To, ideas, Income, Inquiries, Insurance, interest, interest rates, Invest, investment, jobs, kids, layout, Learn, learned, lessons, Life, list, loan, Loans, low, LOWER, maintenance, Make, making, math, median household income, Michigan, Mint, mint.com, mobile, money, Money Management, Money Matters, montana, More, most popular, needs, new, new home, new york, offer, offers, Other, party, payments, percent, Personal, personal finance, personal finances, pizza, plan, planner, Planning, Popular, pretty, Prices, programs, protection, Purchase, Rates, ratings, ready, Research, retirement, rewards, room, Salary, sales, save, Saving, savings, savings plan, Savings Strategies, School, schools, second, shopping, simple, sofi, Spending, stable, states, Strategies, students, Style, tax, taxes, teach kids about money, Tennessee, time, tips, title, tools, tracking, trends, tuition, value, versus, Video, virginia, wants, washington, white, will, work, young, young adults, youtube

Credit Card Data

February 1, 2023 by Brett Tams

NerdWallet’s credit card research team spends thousands of hours a year poring over data to spot trends, opportunities and dangers for consumers.

Posted in: Credit Cards, Moving Guide Tagged: 2016, 2021, 2022, All, analysis, assets, average, bad credit, Banking, before, big, Blog, bonuses, book, build, Census Bureau, Consumers, cost, Cost of Living, covid, COVID-19, COVID-19 pandemic, Credit, credit card, Credit Card Data, Credit Card Debt, credit cards, credit history, currency, data, Debt, drives, exercise, expenses, expensive, Fall, Federal Reserve, Fees, finances, Financial Wize, FinancialWize, Forbearance, fraud, future, government, great, Grow, growth, helpful, history, household, household debt, household income, Income, industry, Inflation, interest, interest rates, list, loan, Loan Forbearance, Loans, low, market, Medical, Medical debt, miles, millennials, More, Mortgages, nerdwallet, offers, Other, pandemic, payments, Planning, points, poor, programs, Psychology, Rates, Recession, Research, returns, rewards, simple, Spending, Spring, student, student loan, Student Loans, studying, summer, surveys, time, Travel, Travel Cards, Travel Credit Cards, trends, U.S. Census Bureau, value, will, winter, work, wrong

10 Statistics About The Money Habits Of The Average American

January 28, 2023 by Brett Tams

As a personal finance expert, I always come across spending statistics that surprise me, make me sad, and some that make me worried. The statistics in this blog post are about people’s average money habits, and they may surprise you. But, I want you to be aware of them so that you can be better […]

The post 10 Statistics About The Money Habits Of The Average American appeared first on Making Sense Of Cents.

Posted in: Debt, Home Tagged: 2, 529, All, Auto, Auto Loans, balance, Bank, bank account, before, Blog, Budget, Budgeting, budgets, Buy, car, car loan, cents, Clothing, Credit, credit card, Credit Card Debt, credit cards, data, Debt, divorce, earning, education, Entertainment, expenses, experience, Finance, finances, Financial Goals, Financial Plan, Financial stress, Financial Wize, FinancialWize, food, frugal, goals, good, great, habits, healthcare, homes, house, household, household debt, Housing, How To, How To Pay Off Student Loans, improvement, Income, Insurance, Invest, Investing, job, Life, Live, loan, Loans, Make, making, Medical, Medical debt, Millionaire, mistake, money, Money habits, monthly budget, More, Mortgage, Mortgages, Other, paycheck, paycheck to paycheck, Personal, personal finance, plan, poor, Purchase, Relationships, retirement, retirement account, rich, room, Salary, Saving, Saving for Retirement, savings, second, smart, Smart Money, Spending, spouse, statistics, stress, student, student loan, student loan debt, Student Loans, survey, title, Transportation, under, will, work, working

Money hack: How to automate your savings and see results

January 24, 2023 by Brett Tams

The easiest way to save more money? Put your savings on autopilot.

The post Money hack: How to automate your savings and see results appeared first on Discover Bank – Banking Topics Blog.

Posted in: Real Estate News Tagged: All, author, Automatic Transfer, balance, Bank, bank account, Banking, before, Benefits, big, Blog, Budget, building, Checking Account, Compound, Compound Interest, cost, Credit, credit card, Credit Card Debt, Debt, Debts, deposit, Direct Deposit, discover, Emergency, Emergency Fund, employer, expense, expenses, Fall, Fees, finances, Financial Wize, FinancialWize, fund, funds, goal, goals, good, Grow, household, household debt, How To, interest, Life, living expenses, loan, Loans, maintenance, Make, Make Money, making, Managing Your Money, money, More, more money, offers, Online Savings Account, Other, paycheck, Paying Down Debt, plan, Planning, Raise, retirement, retirement fund, running, save, Saving, savings, Savings Account, Savings Accounts, savings goal, Savings Goals, Savings Strategies, Savings Tips, Spending, student, Student Loans, target, Transaction, will, work

Your 2023 Financial To-Do List (15 Things To Check Off)

January 23, 2023 by Brett Tams

Do you have money tasks that you need to do but you keep putting off? Today’s financial to-do list will put you back on track so you can start checking things off your list. Managing your whole life, especially your financial life, can be difficult.  There are so many things to remember and so many […]

The post Your 2023 Financial To-Do List (15 Things To Check Off) appeared first on Making Sense Of Cents.

Posted in: Money Tips Tagged: 2021, 2023, affordable, All, Alternatives, Bank, bank account, before, big, bills, Budget, Budgeting, build, Buying, Buying a house, car, Car Insurance, car insurance rates, cheap travel, Checking Account, checklist, company, consumer loans, cost, create a budget, Credit, Credit Bureaus, credit card, Credit Card Debt, credit cards, Credit Report, credit score, Debt, down payment, earning, Emergency, Emergency Fund, employer, Equifax, expense, expenses, expensive, experian, Family, family budget, Finance, finances, financial goal, Financial Goals, Financial Wize, FinancialWize, first rental, fraud, free credit report, fund, funds, gift, Gift Cards, goal, goals, good, great, Grow, guide, helpful, hold, home, Home Insurance, house, household, household debt, How To, how to create a budget, ideas, impact, Income, Insurance, interest, Invest, Investing, investments, items, job, jobs, Learn, Life, life insurance, list, lists, Loans, Main, Make, making, Medical, money, Money Management, money management tips, More, more money, Mortgage, most popular, Motivation, mutual funds, needs, net worth, netflix, new, new job, offers, Other, parents, Pay Off Debt, paycheck, Paying Off Debt, payments, Personal, personal finance, personal information, plan, points, Popular, protect, rate, Rates, rental, retirement, retirement account, retirement accounts, retirement savings, rewards, Salary, save, Saving, savings, savings goal, School, search, shopping, Side Hustle, single, space, Spending, spouse, stocks, streaming, student, Student Loans, tax, taxes, tips, TransUnion, Travel, under, update, vacation, vacations, wants, will
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