Bobbi Rebell, CFP® is Tally’s personal finance expert and brand ambassador. She is the author of the personal finance book, “How to Be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom,” and the host of the Money Tips for Financial Grownups with Bobbi Rebell, CFP® podcast. She is working on her next book, “Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart.” Previously, she was a global business news television anchor and personal finance columnist at Thomson Reuters and had also worked at CNBC, CNN and PBS’ Nightly Business report. She is a graduate of the University of Pennsylvania, and received her Certificate in Financial Planning from New York University. Bobbi lives in NYC with her husband, 3 kids and her morkie Waffles.
"Recent data from Tally, the debt payoff app, found that more than half of people with credit card debt increased that debt during the pandemic,” said Bobbi Rebell, CFP and personal finance expert at Tally. “Any relief in student debt is an opportunity to take control of credit card debt if that is you." - Yahoo Finance
One warning is to those who might consider this ‘fun’ money. This is money that if not immediately needed should be added to your emergency fund and only used in an emergency. This is not a time to use it for a splurge or a ‘treat.’
Bobbi Rebell, personal finance expert at Tally, joins Good Day Chicago to dish out helpful financial advice gleaned from the pandemic.
More than half of Americans are carrying credit card debt, and according to a survey from Tally, more than half of those with it accumulated that debt during the pandemic. Per the survey, 57% of participants say they use credit cards as a financial safety net. RELATED |FOX 25 Consumer Watch: How to pick the right debt payoff plan.
After much debate, the Senate has passed a bill that will send relief checks to most Americans. The checks are part of a $2 trillion relief package aimed to buoy the economy through the coronavirus pandemic.