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The ABC’s of Debt Reduction

Prairie Eco-Thrifter

It will take years to see a dramatic reversal of the unemployment trend that saw the US unemployment rate nearly reach 10%. Regardless as to the specifics, many Americans have elected to decrease spending, increase savings and eradicate debt. The economic effects of the recession of 2008 are still very much upon us.

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Current Mortgage Rates: Compare today’s rates | NerdWallet

Savings Corner

Principal is the original amount of money you borrowed while interest is what you’re being charged to borrow the money. Sure, this means Wall Street, but non-market forces (for example, elections) can also influence mortgage rates. Changes in inflation and unemployment rates tend to put pressure on interest rates.

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4 Financial Lessons Your Parents Forgot to Teach You

Saving Cents With Sense

percent unemployment rate among 18-29 year olds , being financially savvy is a skill that gets you much farther than those humanity electives you took in college. It’s tempting to live it up, especially when you’re younger, but you make your money work for you when you’re investing in retirement starting in your 20s.