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Damon Carr - The Carr Report

The Carr Report …The debt trap eating your future: Why high interest, rising costs and poor savings habits are destroying wealth

Let me hit you with four numbers that tell one story. 22.16 percent. That’s the average APR on new credit card offers today. 93 percent. That’s...

The Carr Report … Stop treating ‘budget’ like a bad word

Mention the word budget, and some people immediately tense up. They picture cutting out everything they enjoy, living on ramen noodles, or feeling guilty...

The Carr Report…AI is a powerful money tool—but don’t let it become your financial adviser

Artificial intelligence is changing how we live, work and manage money. People are using AI to create budgets, compare investments, estimate retirement needs, prepare taxes...

The Carr Report…Don’t wait ‘til April: Do your mid-year tax check-up NOW

Most people don’t think about taxes until January, February, March—or April 14 at 11:59 p.m. That’s the problem. Tax season is when you file your taxes....

The Carr Report…Extended warranties: Why you should almost always say ‘no’

Walk into just about any electronics store, appliance center, furniture showroom, or car dealership and chances are you’ll hear the same question before you...

The Carr Report…The squeeze is real—America’s household budget is under pressure

America’s money story right now is not just about high prices. It’s not just about people being “bad with money.” It’s bigger than that. What...

The Carr Report…Think a 529 Plan is only for college? Think again.

Whenever I bring up a 529 Plan with clients, I usually hear the same concern. “Damon, what if my child doesn’t go to college? What...

The Carr Report…You don’t retire on savings. You retire on income.

For years, retirement planning has been sold to Americans like a game show. Save $1 million. Save $1.3 million. Save $2 million. Hit that number...

The Carr Report…The invisible addiction: How online gambling is destroying young adults financially

A 23-year-old accountant making $68,000 a year found himself buried under nearly $20,000 in debt. Credit cards. A car loan. A personal loan. He...

The Carr Report: America is saving on a prayer—and too many folks are one flat tire away from financial disaster!

America has a savings problem. A BIG one. According to a recent survey, 40 percent of Americans have less than $500 saved, while 14 percent...

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