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Back-to-school shopping could lead to more credit card debt 08/01/2023 09:19pm • As families hit shopping malls for back-to-school supplies, credit card balances have been rising as a result, according to a new survey from the financial information site CNET Money. High prices are having an impact, with 85% of respondents saying inflation and rising consumer costs would impac Medical debt can lead to a compounding troubles for low-income Marylanders, particularly for Black families 07/25/2023 09:06am • This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today. In the United States, health concerns that land someone in the hospital or require multiple visits to the doctor can be a taxing experience Should you pay off student loans or invest for retirement? 07/20/2023 08:00pm • If you have student debt, you may be struggling to decide whether you should pay off your student loans or invest your money for retirement. How you should approach this question depends on your financial picture, but it is possible to work to pay off student debt while also getting on track for The inside scoop on selecting your next credit card 07/20/2023 04:58pm • This is the third article in our series, Money Matters. When it comes to choosing a credit card, it’s easy to think you should go with the one that has the lowest interest rate, right? “That’s what everyone leads with,” said Jeff Bentley, president and CEO of Northwest Federal Cred Show me the money: How raising interest rates is benefiting short-term savers 07/19/2023 11:43am • It may be bad for borrowing money, but there's a silver lining of interest rates going up for savers. And if you have money sitting in a checking or savings account, not earning any interest, some financial experts say now may be the best time to consider moving it. With interest rates rising, How to build wealth in your 20s and 30s 07/17/2023 08:00pm • It may feel challenging to build wealth in your 20s and 30s when you're starting your first job and paying your first bills. But the decisions you make and the habits you form when you're starting out can make a big difference in your financial future. Even if you don't have a lot of money to sav 1 in 3 DC consumers say their debt is highest ever (How not to deal with it) 07/17/2023 09:50am • Borrowing costs are at record highs and for consumers carrying debt, that adds to the burden, especially when they're carrying more than ever. A Northwestern Mutual survey found that 32% of D.C.-area consumers said they are carrying close to their highest level of debt ever right now, with credit IRS says it collected $38 million from more than 175 high-income tax delinquents 07/14/2023 07:16am • WASHINGTON (AP) — The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency. IRS leaders said they collected $38 million in delinquent taxes fr 'It's thrilling': Bowie State University reaches financial milestone to help relieve student loan debt 07/13/2023 10:02am • Some students at Bowie State University in Maryland may soon be eligible for more money and scholarships — thanks to a $50 million fundraising effort. It's part of the BSU Bold: The Campaign for Excellence, according to the university's website. "It's thrilling to get to this point," univers Rush hour tolls would increase 40% under Dulles Greenway proposal 07/13/2023 09:28am • Tolls during a morning or evening commute on the Dulles Greenway would jump by 40% under an application to raise tolls on the 14-mile expressway between Leesburg and the Dulles Toll Road in Virginia. In its proposal to the State Corporation Commission, the private company that owns the Greenway w Borrowers advised to plan now for student loan payments to resume in October 07/13/2023 06:16am • For borrowers with federal student loan debt, repayments begin Oct. 1, and the D.C. Office of the Attorney General is advising consumers to gather the latest information on the status of their loans to prepare for that first payment date. The federal government paused student loan payments during Financial risk areas to watch before a possible recession 07/11/2023 08:00pm • The high rate of inflation and skyrocketing interest rates have caused many Americans to fear a recession is around the corner. While we haven't entered that period yet, it's always a good idea to make sure you are financially secure in times of uncertainty. Recessions are accompanied by specific How to prepare for the resumption of federal student loan payments 07/05/2023 06:24pm • For more than three years, borrowers had relief from federal student loan payments, but the pandemic-related pause is ending in October. The Department of Education says you'll get your first bill in September or October, and you'll have 21 days to make your first payment. Financial adviser Ba 'Disappointed but not particularly surprised': DC area reacts to Supreme Court's student loan ruling 06/30/2023 03:56pm • D.C. residents, balancing their education expenses with the city's high cost of living, said Friday they have been bracing for the U.S. Supreme Court's decision to strike down President Joe Biden's $400 billion plan to cancel or reduce federal student loan debts for millions of Americans. While n How to calculate your life expectancy 06/28/2023 08:00pm • How would your retirement plans change if you knew you would live to 100? While no one has a crystal ball to see the future, there are tools available to help you make an educated guess regarding your life expectancy. And that knowledge could help you avoid running short of money in retirement. "