[ young today, rich tomorrow ]

Credit & Debt

Public Service Loan Forgiveness

If you've attended any two or four-year universities or plan to in the future, you've probably heard the old mantra that the cost of education is an investment into your future. Sure college is expensive, and by attending you're delaying earning a salary by a few years, but the payoff is what makes it all worthwhile.

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Think Twice Before Committing to a Payday Loan

Struggling with outstanding debt? Stuck in a financial bind? You may have seen commercials for different pawnshops and same-day payday loans as a resource to alleviate debt quickly. While tempting, proceed with caution!

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Attention Millennials: Viewing your credit report and improving your score

If you feel like you're the only Millennial with financial problems, know you're not alone. In fact, 42 percent of Millennials say that debt is their "biggest financial concern". Additionally, half of college grads still rely on their family for financial support.

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Is Instant Cash Worth the Instant Gratification?

I've been too loose with my money. This week I bought a new bike, made accommodations for a trip to Disneyland and spent more money on dinners out than I do on an entire month of groceries. What's turning my typical frugality into splurging? I'm getting my student loan refund on Thursday! While in the back of my mind I know that I will have to repay the $2000, another part of me is saying, "Woo hoo! I'm rich and I can finally experience the good life."

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Help! I Need An Emergency Loan!

I've been there: Your financial aid check is late and you need to buy books so you can do your homework. You had an emergency and had to pay medical bills. Now you're late on rent and your landlord is threatening eviction. The good news is just because you're out of money doesn't mean you're out of options. If you can't get a fee-free, interest-free loan through a family member, check into what your school has available.

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The Psychology of Debt

Getting a credit card has become a rite of passage for many young Americans. Whether it's acquired in high school or college, a credit card is a way to monitor extra spending as well as a tool for parents to help their kids pay for the extra life essentials. Also, building a credit score is essential for large future purchases.

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Bankruptcy 101

Bankruptcy is perhaps the scariest ghost that can loom over one's financial well-being. In the years since the 2008 Financial Crisis, it has become a reality for millions of Americans. While the number of new bankruptcy filings for businesses and individuals has fallen considerably since 2008, there were still over one million bankruptcy filings in the financial year ending March 31, 2014.

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Psychology, Debt and Marshmallows

From credit cards to home and student loans, debt is big business in America. According to Bloomberg Business Week, student debt has grown by $100 billion per year since 2008. Outstanding consumer debt stands at a record $3.2 trillion. This is the result of new debt being acquired faster than existing debt is paid off.

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Bankruptcy? It’ll Never Happen to Me!

I quickly finished my undergraduate degree before going on to grad school. I loved learning and I loved school. I knew I would never have a problem generating income. What I did not consider was how much the $50,000 in student loan debt would cost me each month for the next thirty years. Or what could happen if life threw me a curve ball.

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The Added Bonus of Paying Off Debt

Two years ago I had $20,000 in my savings account, and my biggest problem was figuring out where to invest it. I found myself bragging about my savings prowess to anybody who would listen. Then everything changed when I got divorced. My $20,000 was reduced to nothing overnight. Then all of a sudden, I was looking at $6,000 in credit card debt.

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