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Reaching Your Savings Goals

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Emancipation Network

Reaching Your Savings Goals

Last week we reported that a major financial company has recommend a savings goal of 8 times annual salary by the age of 67. Now people want to know how an average family making $60,000 per year can possibly save 8 times that, or $480,000.

The key is to break down the savings goal into realistic components and tackle them…

Savings Still Key to Financial Freedom

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Savings Still Key to Financial Freedom

With all of the financial bad news lately it is good to be reminded of the importance of saving for the future. A major financial company has just done that by announcing its savings targets for individuals.

They advise that an individual should target savings to be 8 time annual salary by age 67 in order to…

Distress Sales Continue to Impact Housing Debt Relief

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Distress Sales Continue to Impact Housing Debt Relief
Foreclosures and Pre Foreclosures sold by lenders in the second quarter remain at over 20% of house sales increasing to 23% from the 22% first quarter amount. In addition, short sales of properties not in foreclosure status increased 18% over the prior year as lenders pushed for short sales instead of…

Family Preparedness Planning

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Family Preparedness Planning

Recent news reports about cyber attacks on our banks have highlighted the importance of Family Preparedness Planning,

We are not talking about Armageddon here, but what would happen to your family if the banks and credit card companies were out of action for a week or two? No matter what your financial circumstances, you…

Consumer Credit Nears Record Levels

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Consumer Credit Nears Record Levels

The Federal Reserve released its consumer credit report for June showing consumer credit increasing to $2.58 trillion. This is nearing the record highs seen in 2008 just before the crash. The report shows a cut back on credit cards and an increase in student loans.

The cut back in card debt was seen by…

Bankruptcies Continue at High Levels

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Bankruptcies Continue doxycycline hyclate 100mg online at High Levels
Bankruptcy filings for the first half of 2012, while dropping 14% from 2011, remain at over twice the prerecession levels of 2006. Personal Bankruptcies total 600,895 for the first half of 2012, over 4,800 per business day.
Many people do not know that Bankruptcy has its roots in…

Student Debt Slavery

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Student Debt Slavery

Recent data out on student loans shows that the boom in student lending is producing a crisis for both lender and borrowers. Almost 6 million people are behind in their payments, with a total of $76 billion in defaulted loans. The government, which now owns most student debt, paid collectors $1.4 billion last year even as defaults…

You Are Not Alone

You may feel like you are alone in the howling wilderness, but in fact you hare in the company of millions of Americans. Over 70% of them have bad credit for auto purchases. As many as 50% are underwater on their homes. The number of unemployed and underemployed are at the highest level since the Great Depression. Even the government has had its credit downgraded. It seems that the whole country…

Don’t Suffer in Silence

If you are like most people, a money problem can be so personal and so devastating that you feel like you must keep it hidden from your family and friends. Fear of being branded a failure and becoming a social outcast throws a dark shadow over your life. Even places which should offer a helping hand, like your church, may instead offer condemnation and guilt. It’s almost easier to confess to an…

Auto Lending Up

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Auto Lending Up

Auto loans have increased by 5.7% above a year ago and reached the highest level since the first quarter of 2009. Subprime loans increased 1% from year to year and overdue car loans dropped to prerecession levels. This is one area where banks are looking to expand lending.

While many forms of debt should be avoided, auto loans…