Debt Management

NY Fed Houusehold Debt and Credit Report infographic

Record US Household Debt, Falling Savings and More Financial Red Flags

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By: Charles Weeks

February 7, 2018

I know I am beginning to sound like a broken record, but congratulations ’Merica, you have once again hit a new household debt record of…

Mortgage Interest Deductibility Has Its Limits

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By: Charles Weeks

August 12, 2017

One benefit of home ownership is the ability to deduct the interest on the mortgage you take out to acquire the home or the equity…

When Repaying Debt, Avalanche Beats Snowball

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By: Charles Weeks

June 15, 2017

There are two schools of thought on how to pay down your debts. They are the avalanche and snowball method. One is based on math…

The Good, the Bad and Ugly of Consumer Debt

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By: Charles Weeks

May 19, 2017

Congrats America, a new record level of debt! (Federal Reserve Bank of NY) Unless you were born privileged (if so, lucky you) you will at…