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Tag: debt
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I’m in Debt – What Should I Do?
Posted on September 14, 2020
Categories: Budgeting, Personal Finances, Savings
While struggling with debt isn’t uncommon, getting out of it as soon as possible is important. Student loans, car loans, credit cards and other payments can lead to your pile of debt getting bigger and bigger. So, what steps should you take if you are in debt? Keep reading to find out.
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How Do I Pay Off My Debt?
Posted on December 16, 2019
Categories: Budgeting, Mortgages, Personal Finances, Personal Loans, Savings
Extreme amounts of debt can weigh heavy on your shoulders. It has been found that extreme amounts of debt are linked to higher rates of suicide and depression. This is why it’s so important to have an understanding of good debt vs. bad debt and how you can go about paying back your debt efficiently.
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How to Stay in Debt - Crushing Habits
Posted on April 27, 2018
Categories: Budgeting, Personal Finances
Nobody wants to be consumed with worrying about their finances. Debt for most people is a fact of life. Unless you have a stroke of luck with the lottery, or a Daddy Warbucks, you are probably unable to pay cash for life’s most important purchases: a car, house or your college education. The goal with debt is to take on good debt that will provide opportunities and income advancement. Bad debt is purchasing items with no return on your investment, with their value quickly depleting.
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Habits of People Who Live Debt-Free.
Posted on November 21, 2017
Categories: Budgeting, Personal Finances
If you’re an adult living in America, chances are you’re living with debt. According to Pew Charitable Trusts, roughly 80% of American adults are in financial debt. You can see how it happens, between student loan payments, mortgage payments, car payments and credit card use, it’s easy to get yourself into debt and it can be tough to climb out.
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How to Get Smart with Your Credit
Posted on October 11, 2017
Categories: Online Services, Personal Finances
Today, practicing the simple credit concept of “living within your means” can be extremely difficult due to medical and housing costs growing more rapidly than income in many American households. However, this doesn’t mean you can’t manage your credit and debt responsibly. Here are a few tips to help you get your credit on track, even when times are tough.
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Who Says You Can’t Make a Snowball in the Spring?
Posted on May 24, 2017
Categories: Budgeting, Financial Education, Personal Finances, Savings
While the weather can be as predictable as the Powerball, one thing that you can always count on through the seasons is your ability to snowball anytime you want. However, before you start creating snowmen out of ice shavings, let’s first cover what a snowball is. Typically in financial terms, snowballing is an action in which you structure your debt payment to decrease the overall time and cost associated with any accounts payable you have.
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7 Financial Goals to Make 2017 a Success
Posted on January 4, 2017
Categories: Budgeting, Personal Finances, Retirement, Savings
Fairfax State Savings Bank challenges you to make 2017 the year of financial prosperity. Complete with an emergency fund, sound credit, and a monthly budget, you can conquer any fiscal goal so long as you keep moving towards it. To optimize your money management potential, we recommend these seven goals:
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Shrinking Student Debt
Posted on January 25, 2016
Categories: Personal Finances
Over 40 million Americans utilize student loans. Across the country that adds up to be over 7 billion dollars in national debt, second only to mortgages. Take another look into your finances with these student loan tips courtesy of Fairfax State Savings Bank!