As featured in The Wall Street Journal, Money Magazine, and more!

Debt Reduction

Don’t Live Within Your Means

by Luke Landes

For as long as I’ve been reading about smart money management, “live within your means” has been the underlying mantra that, when uttered repeatedly and internalized, will result in a much more fulfilling life overall. By living below your means, you are sure to come out the end of each month with a net worth […]

18 comments Read the full article →

Three Big Financial Mistakes That Could Be Devastating

by Luke Landes

A few years ago, a friend of mine quit his job at a bank to focus on his own company. That can be a risky life change by itself, but in addition to his change in income, he and his wife were expanding their family. While I’m sure they would have been fine remaining in […]

16 comments Read the full article →

Moving Back With The ‘Rents to Take Care of My Finances

by Glen Craig

This is a guest article by Glen Craig, the publisher of Free From Broke and Parenting Family Money. See how he currently deals with his family and finances and find out how you can too. In the article, Glen shares his story of how moving back with this parents provided a second chance for his […]

43 comments Read the full article →

Pay Off Car Loan or 0% APR Credit Card First?

by Luke Landes

I always like questions about debt pay-off strategies because they’re partly about math and partly about psychology. The numbers are very important, and debt payoff strategies should not be planned or implemented without a good understanding of the long-term financial consequences. There are some cases where, from a personal perspective, it makes sense to formulate […]

26 comments Read the full article →

San Antonio: City With the Most Credit Card Debt

by Luke Landes

Experian is a credit reporting bureau, but it may be more accurate to characterize the company’s business as one focused on consumer information. The data they collect on people, even those with no relationship with the company, are substantial. This information was used to determine that the average consumer owed more than $4,200 in credit […]

19 comments Read the full article →

Contest: Win $1,000 for Shredding Your Credit Card

by Luke Landes

If you’re ready to get out of debt and willing to create a video about it, you could win $1,000 or other prizes from the folks at LendingClub and PerkStreet Financial. Submit a video of you shredding your credit card to qualify for the chance of winning a $1,000 grand prize in the form of […]

7 comments Read the full article →

No More H&R Block Tax Refund Anticipation Loans

by Luke Landes

One of the most popular services available surrounding tax season is also one of the most expensive. Refund anticipation loans (RALs) are great products from a lender’s point of view; they are low risk and they are expensive. From a customer’s point of view, they provide a means to get cash when a household files […]

82 comments Read the full article →

Wells Fargo Direct Deposit Advance

by Luke Landes

Consumerism Commentary reader Yana wrote in yesterday to let me know about some changes in the terms for Wells Fargo’s Direct Deposit Advance service. At first, I was surprised that this service exists. At its core, the credit product offered by Wells Fargo is basically a payday loan, though it comes from a reputable financial […]

18 comments Read the full article →

Your Opinion: Is Debt Slavery?

by Luke Landes

I’ve written several times on Consumerism Commentary, and other people have written and said many times as well, that debt is slavery. In fact, there is a popular book on the topic aptly titled, Debt is Slavery. It’s a convenient metaphor; if slavery is working without the benefit of enjoying the fruits of your labor, […]

43 comments Read the full article →

Student Loan Debt Surpasses Credit Card Debt

by Luke Landes

According to the latest statistics from the Federal Reserve and the publisher of FinAid.org, the total amount of money Americans have borrowed on government and private student loans at $830 billion has surpassed the total American consumer balance on credit cards, only $827 billion. As the Wall Street Journal mentions when sharing this information, this […]

13 comments Read the full article →
Page 4 of 11« First···23456···Last »