Financial News Features

“There's no question in my mind that we’re in a recession,” Howard Dvorkin, Chairman of Debt.com and personal finance guide, says. “Maybe the economic and technical definitions of a recession haven't hit yet but we're there.”

“It depends not only on your financial situation but also on the kind of lien you have,” says Howard Dvorkin, CPA, and chairman of Debt.com. “The worst ones involve taxes — either property taxes you owe to your state or income taxes to the IRS. Almost always, these need to be paid off before anything else can happen.”

Howard Dvorkin of Debt.com recommends looking at recurring charges such as unused gym memberships or subscriptions.

Credit scores help determine the interest rates and fees credit card companies charge you, says Howard Dvorkin, personal finance expert and chairman of Debt.com.

"The envelope method is a great tool for budgeting because it forces people to take control of their spending with cash in hand," says Howard Dvorkin, CPA and chairman of Debt.com.

While some debit cards offer cash back—including Discover Cash Back Debit, Neon PointCard and Axos Debit Card—the rewards programs on credit cards tend to be far richer. “And with a credit card, you can pick the type of rewards that you want,” says Howard Dvorkin, chairman of Debt.com—whether cash, travel points or discounts at a favorite retailer.