Articles tagged in debt

09.15.11

2011 Credit Card Trends

Erik Chang

It has been nearly 2 years since the Credit CARD Act was passed and for the most part, things have changed for the better. While there were some dramatic changes in interest rates right before the CARD Act took effect, BillShrink looked at 11 of the major card issuers and found that interest rates have actually stabilized in 2011. Here

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09.06.11

What Has Athens Got To Do With Wall Street?

Erik Chang

We have all heard about Greece’s economic crisis, but should it be cause for concern for the American economy? Unfortunately, the Greek economy and the American economy may be painfully interlinked. Alan Greenspan, former Chairman of the Federal Reserve, has said that a Greek default would drive the US into further recession. The fact that the Greek economy might drag

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08.24.11

New Trend: Online Education

Samantha Eckles

With college education set to rise at a rate of 7% annually, the cost of a college degree will be double what it is today in just a decade. This means that public schools may cost over $40,000 a year, matching their private counterparts today. With the exorbitant costs, many families cannot afford traditional college programs and have started considering

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08.22.11

How to Manage Student Loans

Alex Gutow

Americans owe approximately $826.5 billion in credit card debt and owe a staggering $829.79 billion in student loans. This comes at no surprise when the average four-year degree from a public university or college costs about $50,000 for four years (before living expenses) and a private school can cost over three times that! To pay for this, most students are

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07.01.11

Fourth of July Celebrations

Stan Reybern

The Fourth of July, a time for barbeques, pool parties and, of course, fireworks. However, firework displays are not free to put on, with some cities spending millions just to light up the sky for an hour. With many states facing massive debt this year, let’s take a look at the cities who chose to celebrate with a bang and

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06.23.11

America Saves

Erik Chang

Sometimes a shock to the system is the best way to change behavior, and the recession did just that with many of our savings. However, it looks like that change may have been short-lived. BillShrink studied their user’s average amount of savings, as well as intended savings, and found that users were actually saving less than they used to. Do

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06.22.11

The Envelope Budget

Alex Gutow

50% of Americans are in debt. In fact, the average household debt is just over $8,000! That means millions of people are searching for a way to get out of debt while the others are struggling to avoid it. One budgeting system that financial gurus like Dave Ramsey have vouched for is the envelope system. This system is a simple

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