Many Americans are strapped down with debt, with the average total household debt of United States citizens hovering around $132,000. Americans aren’t afraid to use credit cards to pay for groceries, gas, and other living expenses, averaging a little above $15,000. Those who graduated college here in the United States in the Class of 2016 found… Continue reading Should You Invest or Pay Off Your Debt?
When you work within an emergency loan program, you see all kinds of reasons why people have a sudden need for money loans. Sometimes, life has just handed these individuals a huge pile of lemons. Other times, the landslide has been on the horizon for a while. There are a few times in your life… Continue reading Money mistakes to avoid in your 30s
If you are concerned about your financial future, you are not alone. Many people have heard unpleasant stories about senior citizens running out of money in retirement and being forced back into the workforce in their elderly years or having to move in with their adult children. Such events happen every day, and you understandably… Continue reading Retirement Savings – How do you Compare to Everybody Else?
At BMG Money, we care about the long-term financial welfare of our clients. Buying a home is one of the smartest financial decisions a person can make, and yet for some reason, it seems that more and more people are putting off this decision. In the past, it was fairly common for families to buy… Continue reading Secure your financial future by buying a home
It’s not the first time, and it certainly won’t be the last. The predatory lenders known as “payday lenders” are going to war against consumer advocates in Sacramento, California. This time, it’s over how to meet the needs of the citizens with financial difficulties that are not being serviced by conventional banks. Most of these… Continue reading In the battle of Sacramento vs Predatory Lenders – Consumer Education is Key
One of the leading topics for discussion in the political realm is wealth inequality. Voices like Bernie Sanders argue that greed is the reason for the inequality that’s been growing in American society between the haves and the have nots. Interestingly enough, few people look at the impact that financial knowledge has on this aspect… Continue reading How financial knowledge drives wealth inequality
Let’s be Honest – Financial Literacy Should Be a Focus All Year Considering taxes are due in April, it makes sense that it would be Financial Literacy Month. With that focus on finances comes plenty of chances for people to learn how to budget, responsible credit card use, investing money, and paying for college with… Continue reading April is Financial Literacy Month