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The financial experiences people have early on, whether positive or negative, shape their relationships with money for life. They can affect how people handle paycheck deposits, savings accounts, bills, and credit cards well into adulthood.
Continue ReadingDebt happens. For better or worse, it has become an undeniable part of modern American life. It can be unintended debt, such as medical expenses, which a recent study by the Kaiser Family Foundation and New York Times found affected nearly one in four adults ages 18-64 in the United States. Or it can be intentional debt, the kind many of us go into voluntarily in order to buy a home or car or pay for higher education.
Forget ghosts, goblins, and ghouls. Mismanaging and damaging your credit can be scarier than an old, dilapidated mansion haunted by all three. But don’t cower in fear and shy away from using credit or shun it altogether. The good news is there are credit “tricks” and even a few “treats” that make establishing good credit and managing it effectively something to actually look forward to, not fear.
Credit One Bank was interested in finding out how our card members expect their 2017 holiday spending to go, so we contacted over 18,000 of them back in September. The nearly 1,000 respondents were asked to consider five categories—gifts, food, decorations, entertainment, and travel—in formulating their answers about holiday spending, the "holidays" defined as November through New Year’s. Here’s what we learned.
As we go through our lives, there are many major milestones that have huge personal significance. Events like marriage (or divorce), going to college, starting a business, or purchasing your first home affect not only your personal life, but your financial life as well.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.