Budgeting

Americans spend over $110 per month on recurring subscription services

There is a major downside to all those recurring monthly online and/or retail subscription services. Maybe the biggest downside is that the cost of them adds up over time, especially when multiple services are used. In fact, the average American household spends over $110 per month on the various recurring monthly subscription services – and that amount does not include the traditional ones of cell phone or cable TV (or equivalents). The $110 is from all those other “nice to haves”. They can be subscription streaming services such as Netflix …

Individual financial accountability and poor economic decisions

I was reading the NY Sunday Times and there was (in my opinion) an interesting, thoughtful article on financial accountability. The bottom line of this article, and many others I have read over the months, is how most people lack accountability for their financial problems and past, poor economic decisions. While I wish there were stats on this particular topic, it is more a subjective matter, but one in which I fully agree with and that is that Americans lack accountability for the poor financial and economic decisions they make …

Using debt for holiday shopping | Paying for Christmas and Thanksgiving with debt

It is a horrible idea to use credit cards (if they are not immediately paid off within days), loans, or other types of borrowing to pay for the holidays. Never go into debt over the long holiday season. Do not borrow money to pay for travel, Christmas gifts for your family (or yourself!), food, meals, or any of the other countless things that people spend their money on over the holidays. There are multiple studies that come out each year that show the average shopper goes into more than $1000 …