Money Motivations


Recent Articles in Debt

At What Age Should You Be Debt Free?

The road to becoming debt free is an extended journey. However, this path doesn’t have to take an eternity. With the right plan and the right payments, you can slice off years even with the most burdensome loans.

Generational Debt Trends in America
Understanding Generational Debt Trends: A Comprehensive Overview In today’s rapidly evolving financial landscape, understanding debt trends and credit card usage across different generations is crucial for identifying key challenges and potential solutions for managing personal finances. The data presented in the tables below offer valuable insights into the total average debt and average credit card...
Helping Someone with Debt: Simple Rules to Follow

If you are concerned your family member or friend who has too much debt is abusing credit cards or is otherwise heading toward a financial abyss, your intervention might be difficult and uncomfortable, but done with love and sincerity, it may also be just what the person needs to get back on track to reach his or her financial goals.

What to do if You’re Drowning in Debt

No matter how hopeless your debt situation may seem, taking the right steps can help you work toward financial freedom, even if it’s still a long way off. Here are 5 financial changes you can make today to help you work toward getting out of debt.

The Hidden Costs of Debt
The effect that debt can exact on mental health can be staggering and deeply personal. For many Americans, debt has become an integral part of their daily lives. According to a report, 8 out of 10 Americans have some form of consumer debt. Whether refinancing a home, getting a loan for a car, or taking...
Can You Be Jailed for Not Paying Your Debt in the United States?
There are situations in which you can, and can’t, be arrested for debt. Let’s explore. Approximately three-quarters of American adults are in debt. There are many different types of debt in the US, but in 2021, mortgages and credit card debt made up about 43% of all consumer debt. This statistic shows that personal debt...
Debt Management Plan vs. Debt Settlement: What’s the Difference?
Question: What’s the difference between a debt management plan and debt settlement? Rachel H. from Austin, TX Answer: A debt management plan is a structured repayment plan that helps you pay off your debts over time, while a debt settlement program is an agreement between you and your creditors to settle your debts for less...
What’s It Mean To Be In Debt?
Am I in debt? This is one of the questions that we are commonly asked. The answer to this question is not always as simple as it may seem. Millions of adult Americans are in debt, but what does it really mean to be in debt? In America, more than 64 million people carry credit...
How To Bounce Back From Late Payments
One of the riskiest situations you can find yourself in when it comes to managing debt is habitually making late payments. Falling behind on your bills can be caused by many factors — you may not have a monthly budget that’s easy to work with, or you may have experienced an emergency situation wherein you...
Choosing The Best Way To Pay Off Your Debt
Determining the Best Debt Repayment Plan for You The top question I hear as a personal finance educator and credit counselor is, “What’s the best way to pay off my debt?” This isn’t surprising. Debt is a massive financial migraine that can make daily life pretty miserable, and shining a lot of light on the...
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