Debt is a source of financial concern and anxiety for many people – and, as a nation, we have a lot of it. In the U.S., the average household carries over $16,000 in credit card debt alone! Everyone wants to get out of debt, but it’s so much easier to have wishful thoughts about being debt-free […]
My wife and I racked up over $109,000 of credit card debt during the first thirteen years of marriage. I place much of the blame for that on myself, as I hid the totality of our debt from her. After she had gone to bed, I spent nights applying for credit cards with low promotional […]
Most people who end up in debt get there for different reasons. However, once you decide that you are tired of the bondage and uncertainty that comes with owing others money, it’s time to make a debt reduction plan that works for you. As you decide how to proceed, here are some tips to keep […]
Conventional wisdom states that borrowing money for education or a home is “good” debt. Unlike using a credit card or borrowing to buy a car, schooling and your home are things that stand the test of time. No one can take your education away from you. It’s unlikely that a cargo truck will clip your […]
You’ve finally decided that she’s “the one,” and you’re ready to pop the question. There’s only one problem: you don’t have enough cash to buy the engagement ring. You’re in a bind. Should you finance an expensive ring that she’ll love, save money and postpone your engagement, or buy a smaller ring that you can […]
Debt is literally a four letter word; it just also happens to mean you owe money. Many Americans have a dream they’ll never realize: living without debt. Yet, the dream is possible for nearly everyone – just be prepared for the sea change of behavior required to make it happen. If you are unprepared, your […]
