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How Important is a Budget?

The first thing we did when we decided to get out of debt was reevaluate our budget. We knew that we had to change the way we spent our money before our financial situation could change. The amount of information out there on budgeting is overwhelming. There are lots of trite and obvious articles out […]

Meet Fee-Fighting Vigilante Molly Katchpole

She took on Bank of America and then Verizon over fees By Minda Zetlin If it weren’t for Molly Katchpole, we might all be paying some sort of fee for using our debit cards. In October 2011, Bank of America announced its intention to charge some customers who used debit cards $5 a month for […]

1099-C surprise: IRS tax follows canceled debt

Forgiven credit card debt may be taxable income By Connie Prater If you thought your money woes ended last year when you settled that credit card debt, think again. Avoiding 1099-C tax problems What you should know: Have you negotiated with a creditor to pay less than you owe on a credit card debt? The […]

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