All articles tagged with #debt management
The article offers practical advice for improving financial health at any age, emphasizing the importance of professional financial advice, reducing insurance and debt costs, smart investing, and protecting family with insurance, along with tips for saving on everyday expenses and diversifying investments to safeguard wealth.
The article offers six strategies for Americans to break free from credit card debt in 2026, including debt snowball and avalanche methods, balance transfer cards, debt consolidation loans, credit counseling, and debt relief companies, emphasizing discipline and careful planning to avoid falling back into debt.
The article reviews top personal finance tools to help achieve six financial goals by 2026, including building an emergency fund, managing spending, paying off high-interest debt, raising credit scores, contributing to retirement, and saving for big goals, highlighting apps, strategies, and investment options for each.
During a government shutdown, furloughed workers should urgently contact their unemployment office, communicate with lenders for relief options, reach out to their primary bank for short-term loans, and seek help from nonprofit credit counselors to manage financial hardship and avoid debt pitfalls.
The article discusses the rising credit card debt in the U.S. and introduces a newsletter series by Life Kit that offers tips and strategies to help individuals create effective debt repayment plans, save money, and improve their financial health.
BioWare's future under EA is uncertain following EA's $55 billion private buyout, with concerns that the studio may be sold or shut down to help pay off debt, especially given the new company's potential focus away from BioWare's traditional RPGs and progressive messaging.
Angola is set to decide by November whether to extend, refinance, or raise funds through international markets to manage its $1 billion total return swap with JPMorgan, amid considerations of market conditions, costs, and transparency efforts.
More individuals are using AI chatbots like ChatGPT for financial advice, including budgeting, debt reduction, and investing, with many reporting improved financial confidence and outcomes, though experts caution about risks such as misinformation and data privacy.
BuzzFeed has sold its production company First We Feast, which owns the popular "Hot Ones" show, to a fund controlled by George Soros for $83 million. This sale helps BuzzFeed pay off a significant portion of its $124 million debt, reducing it to $30 million. The deal allows BuzzFeed to focus on its remaining businesses, including BuzzFeed, Huffington Post, and Tasty, while First We Feast will operate independently. Soros' acquisition adds to his growing media investments, and the move also diminishes potential influence from investor Vivek Ramaswamy.
AMC Entertainment announced a new stock sale of 50 million shares through Goldman Sachs to raise funds for debt repayment and theater upgrades, causing its shares to drop nearly 10%. This move is part of AMC's ongoing efforts to improve its financial standing, following previous stock sales and a reverse stock split. Despite a recent surge in share price due to meme stock interest, AMC's shares have lost significant value this year.
Vice President Kamala Harris' campaign and the Democratic National Committee spent nearly $1.5 billion on their 2024 presidential bid without incurring debt, despite significant spending on celebrity events, donations, and advertising.
With the Federal Reserve likely to cut interest rates soon due to easing inflation, consumers should consider three key financial strategies: managing variable-rate debt, locking in current high savings rates, and delaying large purchases to benefit from potentially lower financing costs in the future.
As college graduates embark on their new journeys, financial columnist Kerry Hannon offers essential advice: set audacious financial goals, avoid debt, save for retirement, invest wisely, and build an emergency fund. Emphasizing the importance of financial freedom, she encourages graduates to dream big, plan meticulously, and prioritize experiences and personal growth.
The no-buy challenge, where individuals commit to purchasing only essential items for a set period, is gaining popularity as a way to save money and reduce environmental impact. Participants, including a Brooklyn creative director and a San Diego sustainability worker, share their experiences and struggles on social media platforms like TikTok. The trend, which helps people manage debt and curb impulsive spending, also promotes mindful consumption and sustainability.
Protecting your credit score is crucial as it affects loan approvals, interest rates, and even apartment rentals. Avoid damaging your credit by refraining from co-signing loans, applying for too much credit in a short time, missing payment due dates, neglecting non-credit payments, failing to monitor your credit, and spending to get rewards when in debt. Instead, prioritize paying off debt and monitoring your credit to safeguard your financial well-being.