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I have long suspected that student loan debt would eventually affect the rate of homeownership in the US.  It appears that the Federal Reserve Bank of New York agrees.  According to a new report from the Federal Reserve Bank, homeownership rates are far higher for those who graduated from college than those who never earned a degree.

CNN Money recently reported on the continuing challenges facing retail stores. According to the article, more than 300 retailers have filed for bankruptcy this year. This represents a 31% increase over last year. And while many of these bankruptcy filings are small local retailers, there are some big names on the list.

A recent CNBC article says according to a 2013 survey of consumer finances by the Federal Reserve, approximately 42% of households with someone age 65 to 74 have a home secured by debt.  This number has grown from only 18.5% in 1992 and 32% in 2004.  It is expected that this figure will continue to rise because an estimated

I have a three-year old toddler and it has been important for me and my husband to find ways to teach her about money and the value of $1.  I firmly believe and have personally learned that there is not a one-size-fits-all approach to parenting.  In our household, the following rules work for our daughter but you may need to adapt these lessons to fit your child’s personality and interests.

How many people do you know who can pay cash for a new car? I bet the answer is not many! The Federal Reserve Bank of New York recently released data showing that a record 107 million Americans owe on a car loan.

Following a Budget is absolutely critical to keeping your finances in check.  But, if you keep going over each month, you need to ask yourself why?  Here are several places that people spend throughout the year, but often do not realize it until too late.  Make sure these items are in your budget on a monthly basis so you are not caught overlooking them and allocating your money improperly.

At Bond & Botes we help people file for Bankruptcy relief, but it’s also important to us that our clients are protected after the case is finished.  The whole point of going through a bankruptcy is to receive a “fresh start” for your financial situation.  With that in mind, I wanted to use this blog post as an opportunity to discuss some important rights and protections that extend even after a bankruptcy case is fini

As you can imagine, the number of bankruptcy filings nationwide is increased in times of economic distress.  In 2010, 1.53 million Americans filed for bankruptcy, as many families had to deal with job losses, falling home values, and aggressive creditors following the economic recession and 2008 stock market crash.  Employers were going out of business or cutting employees while trying to stay afloat.  This cau

College tuition continues to increase every year!  I cringe to think how much it will be when our youngest goes to college.  The reality for most families includes getting student loans to finance college.  The harsh reality of borrowing via student loans hits when the excitement of graduation comes to an end in four short years.

The Great Recession of a few years back might be fading in the memories of some; however, in nine states across the United States, the job markets have not fully recovered according to a recent AP report. According to the report, the job numbers and overall size of the economy are still below 2008 levels in the nine states.