Category: Managing Debt

You’re sitting on a pile of cash… and you really need that money now. You’re struggling with debt, having a hard time making ends meet, and that 401(k) money is just sitting there, locked away for the next 20 (or 30 or 40) years. At first glance, it makes sense to tap into that stash...

Divorce and debt are hard enough to deal with separately, and when they come together, it can be like navigating a minefield. The most important thing you can do about this is to protect yourself in every way you can. And the first step toward that is knowing exactly what you're up against when it...

As single moms, we face the highest student loan burdens. Our loans are bigger…our salaries are lower…our monthly budgets are tighter. According to Deeper in Debt by the American Academy of University Women, student loan debt has become a women’s issue as more of us go to college. And it’s an especially tricky situation for single...

If your student loan payment is squeezing your budget too hard, change it. On average, monthly student loan payments run about $350 a month – and that’s an expense many single moms really can’t afford on top of childcare costs and regular monthly bills. Unfortunately, many single moms just stop making payments, not realizing the...

Pay student loan debt or utility bill? Too many single moms are stuck in the position where they have to decide whether to keep up with student loan payments or pay their household expenses…and something has to give. For many single moms, it just seems easier to stop making student loan payments…but that can lead...

Are you struggling to pay down high-rate credit card debt? So many single moms get stuck in a credit card debt cycle that can be so hard to break…but you can get out of it. And paying off your highest-rate credit card debts as quickly as possible can get you to debt-free sooner. To make...