Incomia

According to the Federal Reserve Bank of New York , credit card debt in the U.S. hit a new high of $1.14 trillion. And while struggling to pay down unsecured debt like credit card balances or personal loans is a common plight for many of us, it doesn’t have to be a permanent burden.  Debt management plans (DMPs) are a valuable tool for helping individuals overcome debt—and the financial and emotional toll it creates—and achieve financial freedom . In this guide, you’ll learn what DMPs are, how they work and how they can benefit you. You’ll also discover the role of credit counseling agencies in administering DMPs and whether debt consolidation loans might be a better option. What Are Debt Management Plans? Debt management plans (DMPs) are structured repayment programs administered by credit counseling agencies—nonprofit organizations that offer financial advice and help consumers pay back their debts. Instead of paying down multiple sources of debt, a DMP only requires you to m...

As the end of the year approaches, many people take stock of their lives and resolve to make changes. But sticking to New Year’s resolutions isn’t always easy. A thoughtful gift will let your friend, family member or co-worker know you are rooting for their success, or you can buy yourself a gift that will make sticking to your resolutions easier. Resolve to get more exercise Many people start the New Year determined to get more exercise. Gifts that help you incorporate exercise into your daily routine at work and home can be just as effective as spending an hour or more at the gym every day. 1. An under-desk walking pad Photo courtesy of merachfit.com If you want to get exercise but don’t have room for a full treadmill, consider a small under-desk walking pad. Merachfit’s Under Desk Treadmill is quiet, light and durable. Paired with a standing desk, this is one of the best ways to get your steps in during the workday. 2. Better-looking weights Most people know that lifti...

Ever have that nagging feeling that you have no idea what you’re doing? Maybe it manifests as a constant thought in the back of your mind, saying your work isn’t good enough and never will be. That foreboding feeling has a name—imposter syndrome.  Unsettling as the feelings of inadequacy and self-doubt may be, you are not alone. According to the American Psychological Association , 82 percent of people suffer from the phenomenon.  Scientists believe there is a strong connection between high achievers in high-stress situations and the eventual development of imposter syndrome. People with the syndrome come from all walks of life, but it tends to be more prevalent in women, minorities and people with a history of anxiety and depression.  But don’t despair. Imposter syndrome is manageable if you are honest with yourself, recognize the symptoms early and launch a plan to address them. In this guide, we’ll give you the tools to identify, address and conquer imposter syndrom...

Anyone who loves to travel loves gifts that fuel their wanderlust. And those who have to travel for work appreciate gifts that make their trips a little more bearable.  We have something for everyone, from jet-set games to practical finds like the perfect suitcase and smooth sunscreen, all personally tested. Pack it up A first-rate organizer The No Reception carry-on hideaway duffel has adjustable internal organizers that can be moved around to accommodate different travel needs. It also comes with a laundry sack and insulated pockets. Plus, it’s a carry-on, so there’s no need to pay to check your luggage.  A better backpack  The North Face Base Camp Voyager travel pack works just as well as a daypack as it does for a weekend away. This spacious backpack has plenty of room and adjustable dividers so you can customize how it’s used.  A carry-on for international jet-setters Most people who travel already have luggage. However, some might not have a s...

Debts are double-edged swords in the financial world. They can make your dreams come true, help you reach your goals faster and even help you build wealth. Yet, they can quickly get out of hand if not managed properly. Efficient debt management is an indispensable part of ensuring your financial stability. It encompasses a range of practices: creating a financial plan, choosing a debt repayment method and developing healthy spending habits. With our detailed debt management guide, you can learn the steps and practices to reduce debt and gain financial stability. Understanding Debt Management Debt management involves strategically lowering your debts over time and eventually paying them off. This requires efficient financial planning and execution.  The aim of debt management is not only to bring you out of debt. It’s also about doing that as quickly as possible and in a way that your debts don’t run amok or hamper your financial health. Why Is Debt Management Important? Debt ...