Hitting your own debt ceiling

The federal government and the average consumer have more in common than you might think.

As you may have read recently, the U.S. is grappling with how to address its growing debt, and this spring we’re watching that total come dangerously close to hitting the debt ceiling – a cap set by Congress on the amount of debt the federal government can legally borrow.

Similarly, when it comes to personal finances, some people willingly ignore their limits to get what they want in the moment and push the bounds of their own “debt ceiling.” But a word of warning: Doing so can plunge you deep into debt, and ultimately hinder your goals.

We all have tough decisions to make when it comes to our finances. And that’s why the work you and I do together is crucial. By setting realistic goals and a budget you’ll actually stick to, you can live the life you’ve planned for and dreamed about! Let’s talk things through.

Enjoy these articles picked from the financial headlines this week to inform your planning.

It’s Not Just the Debt Ceiling

May 29, 2023

A host of issues face the markets, beyond the prospect of a possible default on U.S. debt. Hedge…

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How Much Credit Card Debt Is Too Much?

May 29, 2023

We all know credit cards can be a slippery slope to unwanted debt if not managed carefully. Here…

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What to Do If You Are Drowning in Credit-Card Debt

May 16, 2023

Consumers typically pay down balances in the first quarter after splurging during the holidays…

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If you want to understand your finances, think about your emotions

May 24, 2023

Our ability to have a positive relationship with our finances is complex, to say the least. And…

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Succession 101: Money lessons from TV’s dysfunctional empire

May 29, 2023

“Succession” is filled with instructional business tales – some about what to do and some about…

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What’s in the Debt-Ceiling Deal

May 28, 2023

The agreement between President Biden and House Republicans includes spending caps, work…

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