Financial Fitness

It could have been avoided. The housing crash, the widespread home foreclosures, the credit crisis, the rampant bank closures, and ultimately the Great Recession of the past four years never had to happen. That’s the message of a 439-page report from the Financial Crisis Inquiry Commission, the study group appointed by Congress to figure out […]

The economy is still reeling from the recession, and the question of when the global economy’s struggles will end remains a mystery. One thing we do know is that when the economy does finally rebound, it won’t remain stable forever, and it’s imperative that men and women prepare for the next recession, even if that […]

As if anyone needs their memory jogged, debt is a substantial problem for men and women living in fully developed countries. Estimates vary, but numerous surveys have indicated the average American household has more than $10,000 in credit card debt, a figure that doesn’t include debt such as mortgages, car loans or student loans. The […]

If the ongoing recession has taught people anything, it’s the need for saving money. Many people were caught off guard by the recession, and studies have shown just how little men and women had saved before the bottom fell out on the economy. In a 2011 poll from the National Foundation for Credit Counseling, 64 […]