Category:
Debt FAQs

Debt to Income Ratio is shown using a sticky note and weighted scale.

Debt-to-Income Ratio (DTI) Calculator

By Alan Schmadtke | October 29, 2024

A debt-to-income ratio calculator measures a key metric that lenders use to assess a person’s borrowing risk. The result helps lenders determine loan terms like the loan amount and interest…

High-yield savings account isolated cartoon illustrations

Pros and Cons of High Yield Savings Accounts: Are They Worth It?

By Robert Shaw | July 15, 2024

By definition alone, the high yield savings account sounds so appealing it begs the same question you might ask upon getting your dream job for twice the salary you expected:…

Blocks with the percentage sign

High Yield Savings Account vs CD – Which Should You Choose? 

By Sarah Brady | June 13, 2024

When interest rates are high, you don’t have to be a stock market whiz to earn decent returns on your money. By depositing cash into a high yield savings account…

Debt Free words on a graphic

4 Steps to Living Debt Free

By Robert Shaw | December 4, 2023

Living debt free seems like wishful thinking at best for many Americans, but that need not be the case, even in inflationary times. “The definition of a debt-free lifestyle simply…

Woman searching online for her debts

How to Find All My Debt

By Sarah Brady | May 24, 2023

When you’re on a mission to clean up your finances, paying off debt can be the biggest challenge. It’s easy to give up before you even get started since you’ll…

Coins stacked on top of cubes spelling out debt

The Debt Stacking Method

By Sarah Brady | May 11, 2023

If you make your debt payments each month, you’ll eventually be debt free … right? Unfortunately, that’s not always the case. With the average credit card APR now above 20%,…

Young man researching ways to borrow money on his phone

9 Ways to Borrow Money

By Michael Knisley | April 11, 2023

You have options when you’re in the market to borrow money. How do you choose? The smart borrower understands what he or she needs from a loan, whether that’s a…

Lender pointing out the finance charge to the borrower

What Is a Finance Charge?

By Michael Knisley | March 25, 2023

It might seem like a windfall when you get a new credit card or take out a new loan. Suddenly, you’ve got some breathing room with your money! You can…

Elderly couple discussing how to pay their credit card debt on a fixed income

Paying Off Debt On A Fixed Income

By Sarah Brady | February 24, 2023

When money is tight, it can seem practically impossible to pay off debt. You might feel stuck in a cycle where you pay down debt one day, and then rack…

Lower Utility Bills This Winter

How to Cut Your Utility Bills This Winter, No Matter Your Heating Fuel

By Bill Fay | June 10, 2021

As the temperature outside drops, your utility bill is on the rise. We get it. It’s cold outside and you want to keep warm and cozy inside, but before you…