When you were in high school, you undoubtedly took writing classes or classes that taught you about American history. Some of you may have even taken a class that taught you how to cook. But, I am guessing not many of you took a class that taught you about personal finance and how to manage…
More than a month has passed since we had a mad rush of gifts, eggnog, turkey and in-laws. Through the month of January many people have been furtively glancing at their credit card balance hoping it would magically go down. Since we are halfway through February, the realization has set in that if something is…
Debt can be a useful tool when it is used correctly. But even when used properly, it can do strange things to our emotions. While most people do not mind going into debt to buy a house, or attend college, and often not even to purchase a new car (these are referred to as good…
Most people would agree that being in debt is no fun. Many people even want to pay off their debts like mortgages and student loans as fast as possible. This desire to get rid of debt is even greater when they have bad debt hanging over them. There are times when a person gets over-extended,…
One of the oldest debates in the personal finance realm has to do with the tough choice between paying down debt and investing. The argument goes something like this: Paying down debt is pretty emotionally draining (it’s hard to send your money to a creditor each month without feeling like you get anything tangible in…
We all want the chance at debt free living. For some of us it is a struggle to get there compared to others. Bad debt can begin to control our lives and it becomes hard to shake the high interest payments we are making each month. If this sounds like you try these steps and…