David Lerner Associates : Debt

David Lerner Associates : Debt

Marriage and Money
Does speaking about your finances have an impact on how happy you are together? Finances are the leading cause of stress in American couples.

Millennials and Money
With more and more Millennials in the workplace and the economy in a different situation than it was a decade ago, it is no wonder that many of them are finding it tough out there.

Inflation and Investment
Inflation is a problem that cannot be stopped but its effects can be minimized.The current American rate of inflation is set to increase over the next few years.

Americans and Financial Planning
Planning for your financial future should not be something that is an afterthought. Unfortunately, it seems that many American families are not taking control of the situation, and this could leave them in trouble later on in life.

Self Employment and Insurance
Insurance can provide certain protection if you have started your own venture. A new business can be rather fragile and if you are the sole employee and provider then you have to do it all.

Three Rookie Financial Planning Mistakes to Avoid
A lot of Americans believe their financial planning need improvement but about a third of us have done nothing to plan for our financial futures at all. Here are some rookie mistakes to avoid when it comes to financial planning.

Retirement Mistakes to Avoid
When you are planning for your retirement, you need to be aware that there are some easy mistakes to make. The following are things to avoid at all costs.

Reverse Mortgage Could Help Your Retirement
Something that not everyone may immediately think of is to also to sign up for a type of loan that is typically considered a last resort option for seniors experiencing a cash shortfall in retirement.

Financial Planning Basics
Every year in October, National Financial Planning Month is observed. With a solid financial plan, you can set short-term and long-term goals. You can estimate the amount of money you will likely need for college, health care expenses, and your retirement.

Three Tips on Marriage and Money
When you get together with someone the first thing you think of is not that you will be dealing with bills and mortgage payments. Unfortunately, arguing about money seems to be the norm when it comes to relationships.

Marriage and Debt
Falling in love and getting married is supposed to be one of the best milestones in your life. While that may be the case, it seems that many young couples are starting out life with debt, and this is putting pressure on them in ways that are not healthy.

Financial Literacy in America
Everyone should have at least a basic knowledge of financial issues, as it affects our everyday lives significantly. In the United States only 57% of Americans are financially literate.

The Most Important Debts to Pay Off By Retirement
Retirement is a time to relax and enjoy life, whether that means traveling around the world or staying at home to enjoy time with the grandkids. Unfortunately, far too many seniors are spending their golden years worried about their finances and debt is a big reason why.

Financial Tips for Small Business
Small businesses have consistently played a major role in economic growth because they create so many jobs - many more than large businesses.

Dealing with Financial Stress
Debt, reduced income, children, marriage issues, and the list can go on. There are a lot of things that could cause you to experience some financial stress.

Students and Financial Literacy
With the push for American students to go to college and keep pace with the rising cost of higher education, the financial literacy gap leads many students to make painful early mistakes and financial blunders.

Building an Emergency Fund
The purpose of an Emergency Fund is to improve financial security by creating a safety net of funds that can be used to meet emergency expenses as well as reduce the need to draw from high interest debt options, such as credit cards or unsecured loans.

Student Debt vs Retirement Planning
Student loan debt is something that can follow graduates for the rest of their lives if they don't actively work to pay it off quickly and not just make minimum payments toward the interest of the loan.

College Loans and Savings
September is College Savings Month and it would be wise to take a moment and consider the many ramifications of how one is paying for higher education.

College Loans and Debt
September is College Savings Month. The new school year is upon us, and it's time to consider college savings, loans, and the many things that this process of paying for one's higher education entails.

Budgeting Tips
Living within your means is the surest way to not fall into a bottomless pit of debt. But that means really taking your financial life by the horns.

The Financial Future of Millennials
Many Millennials believe that having a financial advisor is not necessary. In fact, over 60% of adults don’t have a financial advisor of any kind.

Financial Regrets
4 out of 5 Americans have financial regrets and wish they could turn the clock back so that they could make smarter decisions with their finances.

Dating and Finance Mistakes
Summertime is here, and that typically that means a lot of people have shed their "winter weight" and are back in the dating pool.

Family and Financial Strategies
Some of the most common financial regrets among Americans were not saving for retirement, followed by saving for emergency expenses, taking on too much debt, and not saving for their children's education.

How to Manage your Credit Card Debt
If paying down your credit card debt is something that you are trying to do, here are some tips.

Small Business Tips
July 20th is National Get to Know Your Customers Day. For a small business, knowing your customers is an essential part of growing your enterprise.

Being Prepared for College Savings
Unless you plan ahead it's likely that you will be part of the majority of American families who do not have a college savings plan in place.

Financial Education for the Younger Generation
It may not come as a surprise to anyone that Millennials do not have an excellent grasp on the management on their money.

Three Ways to Pay Off Credit Card Debt
Many financial planning experts recommend paying down and eventually eliminating credit card debt as a core personal financial planning strategy.

Marriage Money Tips
It would be very smart to get on the same page as your spouse with your finances, especially since it seems to be a source of arguments between married couples.

Graduates and Financial Literacy
College students are not well prepared for the real world, financially speaking, because it is not taught. In other words, they lack basic financial literacy, and their low financial IQs are hurting them.

Finance Tips for Graduates
Here are some common financial mistakes and a little advice on how to avoid them.

Why Invest in College Savings?
How to pay for college? And who can benefit from this investment?

Money Tips for Graduates
With the end of the school year approaching, proud families and students alike will be preparing for a new generation of graduates to enter the workplace.

Simplify Your Finances
Tax season is over and here are a few ways to simplify and take control of your finances for the rest of the year.

Mothers Day Money Lessons for Women
Mother's Day was May 14th this year, and to celebrate moms and women everywhere, we are taking a look at some money lessons for women.

A Healthy Financial Mindset
Building wealth is entirely under your own control. All it takes is smart decisions and breaking bad habits, and developing a healthy financial mindset.

Financial Lessons for Mother's Day
To honor mom on this Mother's Day, here is some maternal wisdom that most of us have at one point heard, and how it translates into investing and money.

Building an Emergency Fund
In this uncertain economy the watchwords are, 'Save your money!' These watchwords will come in handy should anything catastrophic happen.

Your Net Worth
When you know your net worth you can set a realistic financial goal. In the digital age, tracking your net worth is less complicated than it once was.

Retirement Planning for Couples
Retirement planning is an essential activity in your financial life, but that's all very well if you're just planning for yourself. Here are some tips for couples.

Financial Literacy for Retirement
Studies have found that Americans in their retirement years gradually lose the ability to manage their money. In other words, the ability to answer basic financial literacy questions wanes as age increases.

How to Keep Your Finances Stable
Here are some things that can be done to weather a potential financial storm.

Millennials and Debt
The average Class of 2016 graduate has over $37,000 in student loan debt - up 6% from last year.

Dealing with Financial Stress
Managing stress levels is important, especially when it comes to your finances.

Top Scams of 2016 - Continue in 2017
Tax scams are still at the top of the list for the past two years, despite a police raid in India in September, which resulted in a huge drop in reported incidents.

A Savings Crisis in America
Take a look at your savings account. If you were hit with an unexpected expense of $500 or $1000, would you be able to pay it?

Tips for Lending Money
There's an old saying, "If you want to get rid of your enemies, just lend them some money, and you'll never hear from them again." We've all had a situation where a friend or family member is in need, and we've all been asked for some help.

How to Eliminate Credit Card Debt
Being saddled with credit card is never a good thing, especially when you're only paying your minimums, hardly touching your principal, and just getting by every month.

Taking On Your Debt
The average American is swimming in debt, from student loans to credit cards, mortgages, and so on.

How to Retire Early
Retirement is something that requires a solid plan and smart strategies, executed over a number of years. But one third of Americans aren't saving for retirement, and a sizable percentage have virtually no money in savings and investments.

College Grads and Financial Literacy
Unfortunately, college students are not well prepared for the real world financially speaking, because it is not taught.

Savings Goals for the New Year
There is no convincing argument for not saving your money. Most people will agree that saving (whether for retirement or any other reason) is an excellent idea, and it should be done.

Make Your Retirement Planning Count
Most Americans who are saving for their retirement have the better part of 30 years to prepare. But the average pre-retirement Baby Boomer does not have enough savings for their retirement years, and one third of Americans have no retirement savings at all.

Holiday Season and Credit Card Mistakes
With the holidays upon us it is always tempting to take advantage of those specials being offered by stores this time of year but without some good sense monitoring your credit card activity there are some dangerous blunders that can be made.

Financial Planning for When You Are Gone
Death is certain for all of us. The sad truth is that not enough of us take a moment to consider what will happen when we are gone. In fact, 55% of Americans pass away without a will or an estate plan.

Women and Financial Literacy - an issue that needs to be addressed
Financial literacy for women is an issue that needs to be addressed in the United States. Statistics show that women earn less than men and they also on average spend more years out of the workforce. This is alarming because women are getting the short end of the stick.

What To Do If You Are Hacked
November is Cyber Security Awareness Month. Hackers have exposed the personal information of 110 million Americans (roughly half of the nation's adults) in the last 12 months alone. That massive number is even more concerning by the amount of hacked accounts - up to 432 million.

Tips for Smart Personal Finance
Whether you're playing catch up on retirement savings or working to eliminate debt, it pays to be financially savvy. Here are some tips to point you in the direction of smart personal finance decisions.

Millennials and Financial Security
The oldest of the Millennial generation are now reaching age 35. If ever there were a time to take a look at your financial landscape and assess one's future, now would be that time.

Getting Out Of Debt
If your personal balance sheet is upside-down and you are one of the many with a debt problem, then here are some ideas to help throw that debt overboard.

Enhanced Cyber Risk Management Standards
The Department of the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have announced intentions to establish enhanced cyber risk management standards.

Why Should You Have a Financial Plan?
October is Financial Planning Month and your attention should be firmly on your finances. The fact of the matter is that Americans are not doing enough when it comes to planning their finances.

Boomers and Debt
Debt is not something to take lightly. Patterns in debt and the type of debt that an older generation is finding itself in has changed over the past few years. In fact, it seems that Boomers are more in debt than they were 13 years ago.

Finance Tips for New College Grads
Graduating college is a momentous life event that should be celebrated. It marks the end of a chapter, and the beginning of many new ones. It also marks the entry of many young adults into the workforce and new opportunities.

Boomers Saddled with Rising Debt Face a Tough Retirement
The patterns and type of debt amongst older Americans has changed significantly over the past few years. According to the Federal Reserve Bank of New York, the average 65 year old borrower has more debt than 65 year olds had in 2003.

3 Debts to Pay Off Before Retirement
Heading into your golden years one is likely to consider your financial landscape and take a look at prioritizing which debts to focus on before you retire.

FINRA Study Reveals Millennials Lack in Financial Capabilities
Given the financial challenges millennials face, the ability to make well-informed and effective financial choices is important for them. A FINRA National Study suggests that younger Americans lack the financial knowledge to make well-informed decisions and that they engage in behaviors that are detrimental to their financial health.

3 Steps to Eliminate Credit Card Debt
When it comes to debt, it can be debated whether there is such a thing as "good" or "bad" debt. Either way, eliminating credit card debt is always a good idea. Consider these three steps for getting out of credit card debt.

How to Manage Credit Card Debt
American Credit Card Debt Statistics now show that the average American household debt is over $5,500. The average for balance-carrying households is over $16,000 with a total outstanding U.S. consumer debt of $3.4 trillion.

Money Tips for College Graduates
With the new school year approaching, proud families and students alike will be preparing for a new generation of graduates to enter the workplace. With the next chapter in their lives just around the corner, new financial concerns take precedence.

3 Financial Tips for the Real World
There are many and varied tips available for anyone looking to educate themselves on what the "experts" recommend when it comes to financial planning. The internet abounds with such tips and advice. However, some of these things are easier said than done, especially when it comes to the workaday world and trying to keep up in an ever-more-volatile economy. Let's take a look at some of these tips, and how they can be applied to the real world.

How to Simplify Your Finances
Simplifying your finances is an activity that we could all benefit from. In a Pew Trusts study, it was revealed that 1 in 5 Americans say that they are not planning for retirement.

Finance tips for Small Business
Being an entrepreneur can be a stressful and challenging endeavor but also incredibly exciting and rewarding. There is no end to the many financial, legal, staffing, marketing, and customer issues that will come up as you launch your business.

Brexit - Stay Calm and Carry On
Britain's 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.

Tips for Saving for College
Before you know it, that sweet little baby of yours will be all grown up and graduating high school. Time flies and in the blink of an eye college preparations will be upon you. Unless you plan ahead, it's all too likely that you will be part of the majority of American families who do not have a college savings plan in place.

Credit Card Debt on the Rise in America
Even though America's 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's no longer about how to pay for their education, it's whether they'll get a job and how they'll 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?

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's economy has recovered over the past 8 years. But we shouldn't 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: 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're getting close to retirement, this debt could be a significant barrier to future financial security.

David Lerner Associates: Money Smart Tips for Credit Card Debt
38 percent of all American households carry some credit card debt and the average for balance carrying households is $15,779. Americans between 45 and 54 years old appear to have the highest balances of any age group. Credit card debt is not a good idea at any age, but when you're getting close to retirement it could be a significant barrier to future financial security.

David Lerner Associates: 5 Ways to Improve Your Personal Bottom Line in 2016
Many Americans are taking stock of 2015 as the end of the year approaches. According to a new study by Capital One, only 34 percent of Americans feel they accomplished some of their financial goals this year. So while we may be relieved to see the back of 2015, here are some tips that can help you improve on meeting your financial goals next year.

Millennials Face Tough Retirement Decisions
Many Millennials think retirement is so far in the future, it's not even on their list of issues to worry about. However, statistics show that for these young adults, retirement could be a huge problem unless they start to plan early.

Three Things That Can Derail Your Retirement
The American Dream - work hard and retire comfortably at 65 - is more of a dream than a reality for most seniors. A new GAO analysis finds that among households with members aged 55 or older, nearly 29 percent have neither retirement savings nor a traditional pension plan.

David Lerner Associates: Credit Traps for the Unwary
It's hard to imagine functioning in today's society without access to credit. However, one has to be careful not to fall victim to some of the pitfalls associated with it.

David Lerner Associates: Determining net worth
The initial step in the financial planning procedure must be to determine your net worth. Once you figure out your net worth, you will begin mapping out your financial future.

David Lerner Associates: Should You Pay Off Your Debt or Save for Your Retirement?
Like many people, you may be torn between paying off debt and the need to save for retirement. Both are vital.

David Lerner Associates: How to Reduce Your Living Expenses During Retirement
Cutting down on your spending is one of the best ways to make your retirement savings last longer.

David Lerner Associates: Financial Resolutions in Your 80s
New Year's financial resolutions that may be appropriate for individuals in their 80s.

David Lerner Associates: Financial Resolutions In Your 70s
Evey year we make New Year's resolutions. Here are three suggestions for New Year's financial resolutions for individuals in their 70s.

David Lerner Associates: Financial Resolutions in Your 30s
This is the time of year when many people make their New Year's resolutions. Take the time to also make a few financial resolutions

David Lerner Associates: Steps for Paying off Your Student Loans
Many young adults have voiced complaints about the burden of their student loan debt. The average amount of money owed on student loans is now $25,000.

Handling Debts after a Spouse's Death: Who's Responsible?
The death of a spouse is heartbreaking. Yet the surviving spouse faces more than just overwhelming emotions-- he or she may also face the challenge of handling a loved one's outstanding debts.

A Plan for Eliminating Credit Card Debt
When it comes to debt it can be debated whether there is such a thing as good debt and/or bad debt.

What Being Debt Free Might Mean for Your Future
We live in a credit-based society, one where accumulating assets is often coupled with accumulating accompanying debt. It's probably been so long for many that what being debt free might be like is a tough concept. .

^ Top