In the News

By: Cynthia Measom | Source: GOBankingRates

A 2022 Debt.com survey found that 86% of people track their monthly income and expenses, up from 80% in 2021 and 2020 and roughly 70% pre-pandemic.

By: Brian O’Connell | Source: The Street

“Don’t confuse ‘anxiety’ with ‘insolvency,’” said Howard Dvorkin, chairman of Debt.com and a financial counselor for nearly three decades. “I’ve noticed that the more you earn, the more you worry about the economy.”

By: Geoff Williams | Source: U.S. News & World Report

Howard Dvorkin, a certified public accountant and the chairman of Debt.com, has a completely different take. “Remember, these companies wouldn’t offer BNPL plans if they couldn’t profit from them – at your expense,” he says. “For every perk you salivate over, there’s a catch that will have you spitting angry.”

By: Howard Dvorkin | Source: GOBankingRates

I’ve counseled too many people who bought more house than they could afford because they justified it as an “investment in our future.” Yet, they won’t have much of a financial future if they fall behind on their mortgage, their credit score tanks and they’re fiscally paralyzed because every dollar is going toward this “good debt.”

By: Elizabeth Gravier | Source: CNBC

Howard Dvorkin of Debt.com recommends looking at recurring charges such as unused gym memberships or subscriptions.

By: Maryalene LaPonsie | Source: US News and World Report

“The envelope method is a great tool for budgeting because it forces people to take control of their spending with cash in hand,” says Howard Dvorkin, CPA and chairman of Debt.com.

By: Art Raymond | Source: DeseretNews

“People are buying ‘wants’ not ‘needs,’” Howard Dvorkin, CPA and chairperson of Debt.com, told CNBC.

By: Jared Lindzon

Having a budget is always the best way to keep costs under control, and in recent years inflation has caused many Americans to take up the practice. According to a survey by debt.com, 80% budgeted their expenses in 2021, compared with only 68% in 2019.

By: E. Napoletano, Korrena Bailie | Source: Forbes

“These sound like boring answers to the heavy question of financial security during scary times,” says Howard Dvorkin, CPA and chairman of Debt.com, “but too many people overreact and take big risks instead of checking first to see if they’ve done all the basics.”

By: Emma Woodward | Source: Bankrate

“If you’re fed up with bank fees, you’ll really hate P2P loans,” says Howard Dvorkin, CPA and Chairman of Debt.com. “On top of the interest rate you’ll pay, there’s the origination fee, which can be as low as 1 percent but as high as 8 percent. That’s much more than a bank or credit union will charge you for a personal loan.”

By: Jessica Dickler | Source: CNBC

“People are buying ‘wants’ not ‘needs,’” said Howard Dvorkin, CPA and chairperson of Debt.com.

By: Forbes | Source: Forbes

“If your budget or spending is unorganized, it will be easy to accumulate debt quickly and get in over your head. Make an outline of all of your expenses, allocate whatever amount of money is necessary in order for you to operate, and adhere to the limits that you set yourself,” Howard Dvorkin, CPA and personal finance expert at Debt.com, tells Inc.