Whitney Nielsen

2 weeks ago | bankrate.com | Whitney Nielsen |Cindy Perman

If you’re struggling with debt, you might wonder if tackling it on your own is truly possible. Managing your debt independently is possible, but it requires planning and discipline. Creating your own debt relief plan can be cost-effective, especially if you’re willing to contact creditors directly and closely monitor your finances. However, DIY debt relief isn’t your only option.

2 weeks ago | bankrate.com | Whitney Nielsen |Cindy Perman

There’s a reason financial advisors keep recommending you save money for emergencies. More than one in three Americans needed to tap their emergency savings in the past year, according to Bankrate’s 2025 Annual Emergency Savings Report. But when you’re juggling debt, putting money toward savings can feel overwhelming. Many feel paying down their balances would be more beneficial than adding money to savings.

3 weeks ago | bankrate.com | Whitney Nielsen |Cindy Perman

This article does not represent the financial advice of Barclays. Individuals should consider their situation carefully before making financial decisions. Not all savings accounts are created equal — especially if you’re dealing with larger amounts. If you have $25,000 or more in your savings account, it’s time to think more strategically about where you park your money. Don’t settle for a basic savings account.