From the category archives:

Debt

How To Plan For Massive Debt

July 13, 2011

Why on earth would anyone want to plan for massive debt? I’d rather have no debt, but we live in a world where having debt is more common than owning a dog. With that in mind, it is smart to plan for massive debt, which includes your home, school loans and even a car loan [...]

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Debt Consolidation and Debt Settlement: Know the Difference

July 4, 2011

Whereas debt consolidation companies and debt settlement companies have some similarities (with both, you send one monthly payment in lieu of several), they are, in reality, quite different. Allow me to explain.

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An Overview of Chapter 7 and 13 Bankruptcy

April 6, 2011

Bankruptcy filing in the US is skyrocketing as consumer debt grows and our economy continues to melt down. Federal Reserve data reveals that 1,593,081 non business bankruptcy cases were filed in 2010. The debt stricken consumers, many of whom have little knowledge of the adverse effect on their credit scores, often resort to personal bankruptcy [...]

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What is Your Debt Actually Costing You?

April 4, 2011

You already know that your debt is costing you, but have you considered just how much? And in what ways? I have a hunch that you are being affected in ways you might not even realize. So … let’s explore: what is the real cost of debt?

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Selling Your House to Pay Off Debt: Good Idea or Bad?

March 23, 2011

Your debt load is so heavy it is consuming your life. Just when you feel there is no answer to your dilemma, you start eying the equity in your house. Pressured by the stress of your debt, you begin considering the unthinkable: selling your house to pay off debt. Should you? The answer is “maybe”. [...]

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Spending Money You Do Not Have

March 7, 2011

Consumer debt in America has skyrocketed. According to the U.S. Treasury, consumer debt has jumped from $355 billion in 1980 to a staggering $2.4 trillion in 2010. With credit cards as one of the biggest culprits of America’s spending spree, it’s easy to see how we’ve fostered a society that thinks it’s OK to spend [...]

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5 Ways to Stretch Your Christmas Budget

November 29, 2010

The shock of that January credit card statement motivated you to start your 2010 Christmas Club account and avoid Christmas debt this year. Good for you. So far you haven’t charged a single penny. Great! Just one small problem: your gift list is longer than your budget. Take a deep breath. You are going to [...]

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Why America Is Doomed to Debt

November 22, 2010

Fixing the national debt is not about politics or economics; it is about human nature.

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Financial Tips for Life After Divorce

September 22, 2010

I have heard it said that divorce turns marriage into a financial transaction. Any of you who have been divorced will vouch for the truth in those words. On a personal note, my parents were divorced when I was quite young and my family has seen divorce up close several times. We know that making [...]

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Four Ways a Part Time Job Will Change Your Life Forever

September 20, 2010

If you associate “part time job” with drudgery, exhaustion and meaningless toil, this article is not for you. The right part time job, however, done with purpose and parameters, can be a life changing experience. Read on for four ways a part time job can change your life forever.

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How Those “Easy Payments” Can Wreck Your Finances

September 13, 2010

John and Deborah are a young married couple with decent jobs, bringing home $5,000 a month. Tired of their hand me down couch, they responded to a newspaper ad which claimed, “Easy Payments: 24 Months Same As Cash!” Once they saw … and sat on the leather couch, they knew it (and the matching love [...]

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18 Tips for Getting Through College Debt Free

September 8, 2010

I want to thank Omar Adams for contributing this guest post. Omar writes on the topic of online accounting degree . He welcomes your comments at his email id: omaradams47@gmail.com. When you leave college, there are many things you would love to take with you – a degree, good grades, great friends, a collection of [...]

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