Don’t Be the Barnacle

Is it time for a reset?

No doubt about it, 2020 has taken its toll on people. It will be remembered as the year that everyone wants to forget.

It has caused untold costs in social, political, physical, emotional, financial, and for some people even spiritual, wellness. Some people have been through – well, hell. There is no other way to say it.

Creative Ways to Buy a Home

You can scarcely open up a local newspaper without reading about how hot the Bay Area real estate market is. That’s great news for home sellers but not so much for someone looking to exchange a rental agreement for a mortgage deed. As a daily money manager, I work with clients who long for homeownership and need help with getting their finances together.

Tackling Holiday Credit Card Debt

Not-So-Merry Credit Card Balances

Holiday-induced credit card debt is a growing problem in America. According to NerdWallet’s 2017 Consumer Holiday Shopping Report, more Americans find themselves in debt because of holiday purchases. If tackling credit card debt — especially with bloated balances due to holiday spending sprees — there’s hope. As a Daily Money Manager, I work with many clients in reducing debt and creating a more stable financial life. Ready to get started?

Student Debt Hinders Retirement

Impacting Many Seniors

Author Note: Lauren Davidson, a Millennial with student debt just trying to make a dent.

At $1.4 trillion, runaway student loan debt is now viewed as the next big bubble that could cripple the economy as the default rate continues to creep up. However, with all of the attention focused on the millions of young borrowers unable to pay their bills, buy a home, or start a family due to the heavy burden of student loan debt, the plight of older Americans has gone virtually unnoticed. As of 2016, more than 3 million people age 60 and older are struggling to meet their basic retirement needs as a result of carrying student debt. That is more than triple the number just a decade ago. Now with 10,000 Baby Boomers crossing the retirement threshold each day, it may be just the tip of the iceberg.

Managing Credit Utilization

What’s Real and What’s Not

Hot credit: credit utilization gone overboard?Here in Silicon Valley things are booming. Our economy is experiencing growth. Home prices are surpassing historical records and the unemployment rate is low. You can see the frenetic energy every day — clogged freeways and expressways during our daily commutes and workers spending long hours tied to their desks.

With our economic upswing, are we using our financial success to pay down debt and use our credit wisely?