Resources

Key Takeaways Being a parent can make paying off debt really difficult. Between covering child care, groceries, and all the unexpected expenses that come with raising kids, paying off debt might even feel impossible.  That’s one reason why, in 2025, 77% of parents reported being in debt, and 48% said their debt was unmanageable.  Does […]

Key Takeaways Having children can bring joy and meaning into your life. But the cost of raising a child is often overwhelming for parents, and it can cause many to go into debt. According to a 2026 survey, infant day care now costs an average of $17,264 per year. If it feels like there’s no […]

Key Takeaways Many families are struggling with their finances in the U.S. But when the cost of living goes up, military families often take the biggest hit.  In our 2025 Financial Literacy and Preparedness Survey, 50% of active-duty service members said they were “just getting by financially.” Additionally, 42% of veterans said they needed more […]

Key Takeaways Every year, more than 500,000 Americans file for bankruptcy. But is filing bankruptcy the best way to deal with debt? Many people come to us with this question, especially when they’re juggling multiple loan payments, growing credit card debt and other financial obligations.  Filing bankruptcy is potentially a solution for overwhelming debt, since […]

Key Takeaways Are you looking for ways to teach your children about money? One of the most important lessons you can teach them is how to save. When you help your children develop a habit of saving money, they can go into adulthood better prepared to cover unexpected expenses and they’ll be less likely to […]

The world is full of con artists. And they’re now using AI to create convincing fake websites, emails, texts, audio, and video for their scams. Fraud losses reported to the Federal Trade Commission (FTC) hit a record $12.5 billion in 2024, up 25 percent from the previous year. The FTC’s Consumer Sentinel Network Data Book 2024 reports […]

Key Takeaways Are your student loan payments increasing or resuming soon? If so, you’re probably stressing out about how you’ll cover the expense. Unfortunately, you’re not the only one in this tough spot: as of March 2026, roughly nine million federal student loan borrowers are in default.   For cash-strapped borrowers, resuming student loan payments can […]

Key Takeaways Did you know that home foreclosures are on the rise in the U.S.? If you’re one of the roughly 227,500 households facing foreclosure in 2026, you probably feel like there’s no solution. But many struggling homeowners don’t realize they may have multiple options for saving their homes. If you’re behind on your mortgage […]

Editor’s Note: This post was originally published in December 2020. Key Takeaways Weigh the cost, risks, and potential credit impact before choosing a debt help program. For-profit debt settlement, also known as “debt relief,” can put you at risk of lawsuits. NFCC-certified credit counseling agencies are nonprofits that are here to help. Are you looking […]

Editor’s Note: This post was originally published in August 2020. Key Takeaways After a financial emergency, it can feel impossible to rebuild everything that you lost. Perhaps you had to use up all of your emergency savings to pay for car repairs, medical bills or other unexpected expenses.  As frustrating as it is to see your […]