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Personal Finance By The Book

Personal Finance By The Book

Stake Your Debt Free Claim by Having “The Talk” This Christmas

October 3, 2011 by Joe Plemon 7 Comments

Fred and Angela have always loved Christmas, especially shopping for their kids and grandkids … unbridled shopping, as in thousands of dollars shopping. The problem is that Fred and Angela do not have thousands of dollars to spend on Christmas. To the contrary, they have tens of thousands of dollars in credit card debt, car […]

Filed Under: Debt, Family

The Hard Truth about Easy Monthly Payments

September 28, 2011 by Joe Plemon 7 Comments

Vendors offer “easy monthly payments” to lure buyers into purchases they should probably be avoiding. The problem is that these easy payments do not make your life easier; they are actually a recipe for a lifetime of debt. Here is why:

Filed Under: Debt, Dollars and Sense

Run — Don’t Walk — From These 3 Types of Loans

September 21, 2011 by Joe Plemon 3 Comments

Are payday loans, pawn shops or other exotic loans against your assets a good way to get some short term money?  If you haven’t fared too well in the angry economy of late, you may be turning to loans to tide you over.  Here are three that have become more popular and why you should […]

Filed Under: Debt

Which Debt Snowball is Best for You?

August 31, 2011 by Joe Plemon 4 Comments

Creating a debt snowball is a great way to reduce your debt, but not all snowballs work the same way. As you read about these, ask yourself, “Which one is best for me?”

Filed Under: Debt

Should You Pay Off Your Home Before You Retire?

August 15, 2011 by Tim 6 Comments

Should You Pay Off Your Home Before You Retire?

Picture Dave, a 52 year old father of three who plans on working until he can no longer stand to work.  He really hasn’t saved much for retirement and has a mortgage payment of $1,200 with $50,000 left on the mortgage.  He and his wife have approximately $40,000 in savings and investments and he is […]

Filed Under: Debt, Retirement

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