In the Media

How to Budget for Non-Recurring Expenses in 5 Steps

Also, think about what upcoming expenses you have. For example, if you have a tentative vacation plan in place, consider those costs. If some of your appliances are reaching the end of their life cycle, you may start thinking about replacing them soon.

Bankruptcy 101: Types, How It Works and Ways to Avoid Filing for Bankruptcy in 2024

Individuals who have gone through a job loss and thus cannot repay their debts can benefit from bankruptcy. And 'individuals with high credit card debt may opt for bankruptcy if they cannot repay their outstanding debt any longer.

10 Finance Analyst Interview Questions You Should Prepare for

When applying for a mid-level financial analyst position, you should prepare for a question like this: 'What is the last time you had to meet a strict deadline while managing many financial tasks?' With the right answer, you can highlight your multitasking and time-management skills.

Can You Have Multiple Bank Accounts? Benefits, Drawbacks, and Tips

You can enable security protocols like 2FA to your bank accounts. That will add an extra layer to your security.

8 Dangers of Credit Cards: What to Watch Out For and How to Avoid

The balance can accumulate a lot of interest. This will lead to high-interest debt and cause long-term financial strain.

Inherited IRA: Rules and Tax Doubts Explained for Spouses and Non-Spouses

IRA rules are governed by federal law and are the same in all 50 states.

6 Things You Must Do When You Make $10,000 More Than Your Partner

I would open an IRA account and save for retirement. There are some other options, too, but I would consider a Roth IRA. It would help me take full advantage of compound interest and minimize my tax exposure. For 2024, the total contributions limit of traditional IRAs and Roth IRAs is $7,000, or $8,000 if you're age 50 or older.

How Do You Make Family Road Trips Memorable?

The activity can be anything that connects your family members sitting next to you. However, the problem is that most of us have smartphones today, and people plug in their headphones as soon as they close the vehicle door. Whether you take your own car or hire one big vehicle for family road trips, engaging everyone together is quite challenging.

9 Business Leaders Share Their Most Impactful Financial Independence Milestones

Another significant landmark was when I began practicing frugality. For instance, being mindful of small savings that accumulate over time into significant wealth-creation opportunities has been one key lesson that I learned from this approach. In other words, I dissected every expense into what need was involved for its necessity or want and became good at finding creative ways to save without losing sight of the quality of life.

The Qualities That Made Our Childhood Heroes Stand Out

Practically, my childhood hero was my father. Because of that time, we did not have TVs, computers, the internet, smartphones, and other tech wonders. So, whatever I learned about the outside world was from my father, who regularly read newspapers. Trust me; there were a lot of people whom I admired for their personalities and work. But if I had to choose one name, I would definitely recall Martha W. Griffiths, a former congresswoman from Michigan serving from 1955 to 1974.

Loretta Kilday

Debt Relief Specialist & Spokesperson, DebtCC

Loretta Kilday, Esq., is an accomplished litigator and transactional attorney with more than 30 years of experience across debt collection, bankruptcy, and related matters. DebtConsolidationCare features her as its spokesperson and public voice. She has also trained and mentored junior attorneys and associates. She earned her J.D. from DePaul University College of Law and a B.S. in Finance from DePaul University.

- Loretta Kilday