Entries by Tim McMurdo

The City of Trotwood and The HomeOwnership Center Aim for Impact in Trotwood

The City of Trotwood partnered with the HomeOwnership Center to bring homeownership and financial counseling services to Trotwood! That’s right, clients of the HomeOwnership Center and the CCCS can make appointments and receive counseling and other services in Trotwood. Thanks to an initiative spearheaded by Mayor Mary A. Mc Donald, the city made available the […]

What Could a DMP Do for You #1

While not the perfect solution to all financial problems, a DMP or Debt Management Program can be a real lifeline for consumers that are drowning in debt and struggling to make the minimum payments on their monthly bills. That’s certainly true for this month’s example family. Not all debt can be included in a DMP. […]

1 in 4 Americans Don’t Have $400 in Emergency Savings

According to a 2018 Federal Reserve study, 1 in 4 Americans don’t have $400 in emergency savings. That means if they had an unexpected expense such as a medical emergency or car repair, they would have to turn to debt to cover the cost. The additional debt just leads to more financial instability as struggling […]