When major media outlets need the perspective of a personal finance expert, they call Howard.
By: Gabriel Vito | Source: GOBankingRates
“The problem is when you have bad credit, you’re not getting that super-low 8 to 10% interest rate,” said Howard Dvorkin, chairman of Debt.com. “In extreme cases, you might not save a dime, because the personal loan might actually charge more than the interest on your existing credit cards.”
By: Yael Bizouati-Kennedy | Source: Yahoo Finance
“Many people might not have heard of Poughkeepsie, but it’s 12% more expensive to live there than the national average,” he said, citing ERI Economic Research Institute data. “Most of our money goes to food and shelter, so where you live determines how much you spend — and if you save,” Dvorkin said. “So, there’s no mystery here. But don’t forget peer pressure. If you live in an expensive city, you’ll feel compelled to look successful so you can fit in. S
By: John Morales and Glen Lewerenz | Source: Relevant Radio
It’s tough to start out as a young person. The American Dream is going to be very difficult for Gen Z to obtain. Moving out of mom and dad’s house is going to be a struggle.
By: Rachel Morgan Cautero | Source: What To Expect
“You’ll need to look over your budget — if you already have debt, you will need to be prepared to take on the additional debt of a mortgage, explains Howard Dvorkin, CPA and chairman of Debt.com. You will also want to monitor your credit score, which will help you secure a mortgage loan, and educate yourself on the overall costs of homeownership. This will include insurance, property taxes, utilities and maintenance.”
By: Gabrielle Olya | Source: GoBankingRates
As much flack as millennials get for their bad financial habits, they actually are pretty good savers. A recent survey conducted by Bank of America found that 73% of millennials are actively saving money and more than half (59%) have $15,000 or more in savings. Perhaps even more impressive, the survey found that nearly 1 in 4 millennials (24%) has $100,000 or more in savings. And while that seems impressive, is that actually enough?
By: Lou Carlozo, Paulina Likos | Source: Yahoo! News
Many parents are anxious about providing for their children into adulthood but they can start to share this duty by gradually incorporating their kids into money management decisions.
By: Liz Alterman | Source: FinanceBuzz
A survey of purchasing habits and frequently used payment methods was conducted by FinanceBuzz. Contrary to popular belief the younger generations have not rendered cash and checks obsolete, even as mobile wallet issuers add incentives and rewards with the hope of attracting new users.
By: Geoff Williams | Source: HuffPost – Life Money
There’s no right or wrong answer as to when a parent should cut off their children financially – compiled are a few questions to ask that may provide a resolution. Instead of asking when to “cut the cord” try to determine how. How should funds be given out to kids and do they understand the value of money?
By: Morgan Quinn
If you are a millennial, you can learn crucial information that will help pad your savings. Even in today’s challenging economy, millennials have the power to take control of the present and create a bright financial future.