Posts Tagged ‘estate planning’

Most Americans Die With Debt

Posted on August 04, 2017 by Laura Lam

You’re probably going to die with some debt to your name. In fact, 73% of consumers had outstanding debt when they were reported as dead, according to December 2016 data provided to Credit.com by credit bureau Experian. Those consumers carried an average total balance of $61,554, including mortgage debt. Without home loans, the average balance was $12,875. The data is based on Experian’s FileOne database, which includes 220 million consumers. Among the 73% of consumers who had debt when they died, about 68% had credit card balances. The next most common kind of debt was mortgage debt (37%), followed by…

Time to Declutter Your Finances

Posted on May 19, 2015 by Saldutti

Marie Kondo’s best-selling book about de-cluttering, The Life-Changing Magic of Tidying Up, has prompted people around the world to shed their stuff. The Japanese organizer’s precepts have “developed a cult-like following,” according to the Wall Street Journal.  Kondo’s approach, called the KonMari Method, also translates surprisingly well to dealing with your money. If organizing your finances feels overwhelming, the Daily Worth shows us how to apply Kondo’s ideas to gain financial control. Go Big – Many organization experts suggest decluttering a little at a time to avoid burnout, but Kondo advocates a get-it-done approach using marathon sessions, saying that short tidying bursts don’t…