From the category archives:
Are you in debt (besides the mortgage)? Do you have thousands of dollars worth of student loan debt and/or credit card debt? If you are struggling to make your payments, one of the best things you can do is to stop using credit and begin to use cash. I know, I know, in today’s world, [...]
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As a child, you may have played the game of LIFE and enjoyed those moments you get an unexpected windfall. The same can happen in real life. A few years ago, many Americans got an unexpected windfall when President Bush offered a tax rebate to a majority of U.S. citizens. Some people get an unexpected [...]
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The average college student graduates with $25,000 in student loan debt. Many more students have higher balances than this. If you are repaying your student loans, there are several strategies you can utilize to pay less in student loan interest. Consider the following: Automate your payments. If you have direct student loans, automate your payment [...]
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Many people think that homeownership is the American dream, but I disagree. I’m a proud renter, and it’s not that I can’t afford a house – I can actually afford a really nice, big house. I just choose to rent a nice big house instead. Here’s why… Staying Debt Free I am very anti-debt and [...]
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Are you in debt? If so, you are in company with millions of Americans. However, 2012 can be the year that you resolve to be debt free or to significantly reduce your debt. My preferred method of paying down debt is two pronged—use the debt snowball (pay down smallest to largest debts, regardless of interest [...]
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Those dedicated to strengthening their financial situation often find themselves facing the decision of paying off debt or building a large emergency fund. There are benefits to both, and the final decision will ultimately be based on your personal preference, risk tolerance, and priorities. Benefits of Paying off Debt First – You free up income [...]
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I am NOT a fan of debt, so why in the world wouldn’t I pay off my student loan with “gazelle like” intensity? The screenshot below will explain why I considered a less than aggressive payment strategy for my student loans. Think back to 2002-2003, college consolidation loans hit an all time low interest rate. [...]
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“Health is not valued till sickness comes.” Please answer honestly, this will be for you to retain. Many of the questions are subjective, they are designed to get you to think about the impact of financial decisions and debt. On a sheet of paper, number 1 through 12, for each question write yes [...]
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