Thirty-eight percent of American households carry credit card debt from month to month, and that total debt adds up to $918 billion. The Federal Reserve estimates the average household balance is more than $16,000. And the average U.S. household is paying $6,658 a year in interest alone, or 9% of its income. This news is discouraging, … Continued

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  When you think of investors, what do you see? Men in suits strolling down Wall Street? The Sad Guys on Trading Floors blog? Your parents chatting on the phone with their financial advisor? A lot of Millennials don’t picture themselves as investors, and that’s a problem. According to a Facebook study on Millennials and money, our generation is 1.6 times … Continued

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Choosing a student checking account can be as difficult as choosing a major, especially if you’ve never had a bank account before. And even if you have, you’re likely to be so bombarded during orientation with promotions and sales pitches that it’s hard to know which option is best for you. Banks and credit unions … Continued

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