Know Thyself: Budgeting in the Social-Media Era
For the first time, total credit-card debt in the United States has surpassed $1 trillion. Many households struggle to make ends meet and don’t know where to start saving money, so they roll over high-interest credit.
Kumiko Ehrmantraut, aka the Budget Mom, shares her insights as a certified financial counselor, and she explains how having her son turned her life around and forced her to focus on her finances.
Social-media glamour encourages people to live beyond their means. Kumiko argues that the first step to taking the reins of your financial life is to know the impulses and behaviors that may jeopardize your goals.
Recommended Links
- Follow Kumiko on Twitter, Facebook, and Instagram.
- Debt Payoff Planner.
- Debt Payoff Assistant.
- NerdWallet.
- CreditKarma.
- Find an Accredited Financial Counselor near you.
Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.