Back to Top

Q&A

- OR -

What to Do If You Default on Your Student Loans

With student loan debt now totaling $1.3 trillion in the United States, the student loan crisis has reached a fever pitch and now affects more than 40 million Americans. To compound the crisis, the Consumer Financial Protection Bureau reports that one in four borrowers are in delinquency or default on their student loans. Studen...


How to Budget with Inconsistent Income

Posted in: Money Management, Q&A

Most advice on budgeting makes the assumption that you’re working with a set amount of  income each month. But what if you’re not? People who are self-employed, freelancers, artists, or whose income relies heavily on tips and commission are all subject to having incomes that fluctuate from month-to-month. If you fall into a...


Planning for Fixed, Variable and Periodic Expenses

Posted in: Money Management, Q&A

One of the most important parts of planning and sticking to your budget is understanding the differences between fixed, variable and periodic expenses. Knowing what types of expenses you have and how to plan for them can help you manage your money more effectively and get off the paycheck-to-paycheck merry-go-round. Fixed Exp...


The Pros and Cons of Cosigning

Having a friend or family member ask you to cosign a loan can trigger a number of questions and concerns. Because someone you care about needs help, it can be tempting to agree to be a cosigner, without thinking through all the possible things that could happen as a result. Here are some things you should know about what it mean...


Secured vs. Unsecured Debt — What’s the Difference?

Consumer debt is broken down into two categories: secured and unsecured. You’ve probably heard those terms before, but do you know what they really mean and how they can affect your financial situation now and in the future? Read on to learn the differences between secured and unsecured debt and see some examples of each. S...


Are You Ready to Buy a Home?

Posted in: Homeownership, Q&A

Owning a home remains one of the components of living the American Dream. But as the recent housing crisis illustrates, jumping into homeownership without being adequately prepared for everything it entails can be the start of a financial downfall. Owning a home is about much more than having a down payment and being able to pay...


5 Benefits of a Good Credit Score

By now, you probably know that a high credit score is better than a low one, but do you know all the reasons that’s true? A good credit score and solid credit history can have a positive impact on many facets of your life. If you’re not there yet, don’t worry! You can improve your score over time. For reference, a “good...


How to Negotiate a Raise

Posted in: Money Management, Q&A

We could all use more in our paychecks every two weeks, but negotiating for a raise can be an intimidating process. If it's not handled well, asking for a raise can leave the impression that you're dissatisfied with your current position or unwilling to continue working hard unless you see more money. But handled correctly, neg...