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Tag Archives: research

Should lenders increase credit card minimum payments?

Kelly Dilworth

Consumer advocates have argued for years that credit card issuers set minimum payments way too low, trapping people into long-term debt. When you pay only the minimum amount due, interest charges build quickly, causing your card’s total balance to balloon.…
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Romantic partners trump parents in influencing students’ money habits

Kelly Dilworth

Talking with your kids about money and modeling good financial habits can go a long way toward helping them stay out of debt. But don’t beat yourself up if your kids’ money habits suddenly take a turn for the worse…
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To stick to your financial resolutions, don’t declare, ask

Kelly Dilworth

If you’ve resolved to save more money this year or pay off your credit cards for good, don’t just say you’re going to do it. Instead, ask yourself, “Will I save more money this year?” or “Will I finally pay…
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Guilt over using savings can lead to unnecessary debt

Kelly Dilworth

When faced with a sudden emergency expense, such as a medical bill or car repair, don’t let guilt over dipping into your household savings tempt you into using a credit card instead. According to a forthcoming study in the Journal…
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Many student loan borrowers regret their debt

Kelly Dilworth

If you could go back to being a college freshman, what would you do differently? Not surprisingly, a sizable number of student loan borrowers say they’d find a better way to pay for school so they didn’t owe so much…
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