No matter how fiscally responsible you are, or how much you have in savings, there will be times when life throws you a curve ball you’re not ready to catch. For instance, what would you do if your spouse suddenly became unable to work, or you were laid off? Many of us have set up […]
“How are we going to pay for that?” my wife asked me. I wasn’t sure how to answer the question. We were staring at an unexpected expense that was more than our budget had room to handle — and our emergency fund had recently been exhausted. We were almost done paying off $109,000 in credit […]
In 2001, I graduated from college with about $22,000 in student loans. The bulk of my debt ($20,000) was from a federal loan, but I also had a small $2,000 private loan. Despite the fact that my private loan was a tenth the size of my federal loan, it was the much bigger headache producer […]
Are you in overwhelming debt? If so, you’ve probably considered debt consolidation. Some experts suggest taking advantage of non-profit credit counseling and consolidating your debt. They say it can help you gain financial traction more quickly. Others claim that consolidations loans are financial traps that should be avoided. Below, I’ll explain debt consolidation — in […]
Surveys indicate that the average American wedding costs about $28,000. With couples dropping so much money on an event with many moving parts, it’s becoming increasingly popular to purchase wedding insurance. This concept wasn’t even on my radar when I was married, and it wouldn’t have been something I considered necessary. But, then again, I […]
On January 31st, I made my final payment to my debt management plan. In 55 months, my wife and I eliminated $109,000 of credit card debt. To say we are ecstatic would be an understatement. Over the last four and a half years, it’s been suggested more than once that we took the wrong path […]
