Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Americans lie about their debt mainly because of the social stigma associated with it. According to a recent survey, US citizens lie about their credit card debt by around $400 million. One-third of Americans feel humiliated to accept that they have various types of debt. Out of these one-third Americans, students and young people feel deeply ashamed to talk about ...
Read more
Sticking to your household budget isn’t tough. You just need to sew the holes in your pocket. Courtesy: Unnecessary and disorganized spending habits. Here are some of them: 1. Taking your kids to the grocer’s shop Interestingly, if you take your kids grocery shopping, then it’s likely for you to buy certain that aren't on your grocery list and obviously not in ...
Read more
While writing my previous article on Paycheck Fairness Act, I came across something that my eyes couldn’t believe. Where the Paycheck Fairness Act (PFA) announces that wage differentials shouldn’t be based on gender, there are people according to whom the Paycheck Fairness Act is actually a curse in disguise for women. This very statement literally changed my ...
Read more
Just like everyone else out there, you too perhaps have thought of enjoying a happy, blissful retirement along with your spouse. Just like your childhood days, retirement can also prove to be a glorious time of your life. Days of free structure, no set rules for sleeping and waking up, and the freedom to go for vacations whenever the deal or mood strikes instead of ...
Read more
People have their individual perception about money. Hence, it’s no surprise to have myths in abundance around us. These myths can be perpetuated by anyone - parents, relatives, friends, and even the financial professionals you’d look up to for guidance. What are they and how do you get past them successfully? Money Myth #1: Saving money is impossible without ...
Read more
Does being in debt always create misunderstanding among couples? Is there no way to make a relationship survive in spite of having debt problems? The answer is ‘yes’; though it’s not easy but, it’s not impossible either. As per a study “Bank On It” conducted by Jeffrey Dew, Utah State University, in 2009, “Financial Disagreements” was one of the major ...
Read more
The greatest economic turmoil that swept through America in 2008 made survival tougher for many top-notch companies. A majority of company in America is still going through tough times and when there is cash crunch within any company, the company tries to cut costs by delaying payment to employees or not paying at all for months. Unfortunately, most companies have no ...
Read more
In words of President Obama - “When women succeed here in America then the whole country succeeds… I’ve got two daughters, I expect them to be treated the same as somebody’s sons who are on the job.” Way back in 1938 the Congress passed the Fair Labor Standards Act (FLSA), which was amended by the Equal Pay Act (EPA) of 1963, signed by President John F. ...
Read more
