More Articles for Your Finances

3 big reasons it costs more to be poor

Drew Housman •
The Simple Dollar

While even high-earning Americans often struggle with money, making ends meet is particularly difficult for the poor. Americans in the lowest income bracket spend an astonishing 182% of their income. No, that’s not a misprint. The poorest people spend a lot more than they earn, often going into debt or depleting savings to make up the difference.  You don’t have


8 debt reduction mistakes even smart people make and Dr. Penny Pincher •

Everyone knows it is a good idea to reduce your debt load. With less debt, you save money on interest charges and reduce your risk of financial catastrophe if your income is disrupted and you are unable to make payments. If you don’t have enough to make debt payments, you can fund investments and build