Do you want something badly enough to borrow money? When it comes to debt, it’s a hard concept for me to endorse. I find it very hard to think that there are things I want badly enough that I would take on a debt to buy. But the general public obviously doesn’t share my concern. […]
Personal Finance Bible Verse Of The Day: Not Paying Your Debts
It is better that you should not vow than that you should vow and not pay – Ecclesiastes 5:5 In this day and age it seems to have become more and more common for people to live above their means, and to use credit and debt to increase their lifestyle. Instead of saving up for […]
New Legislation Will Bring Changes To The Credit Card Industry
If you’ve been reading this blog for any period of time, you probably know that I’m not a huge fan of credit cards. As a Dave Ramsey fan and facilitator for his Financial Peace University class, you’d probably understand why. In general I think that using debt and credit are just poor ways to get […]
Tip: The Credit Card Companies Are Not Your Friend, They Just Want Your Money
I’ve noticed lately that the credit card companies are using a new tactic (or at least new to me). They’re doing things for cardholders that on the surface appear to be helpful in order to make you think that they’re on your side. They’re you’re friend, and they’re here to help you! I’ve seen a […]
Pay Off All Debts Smallest To Largest Using The Debt Snowball
The debt snowball has been touted as one of the most effective ways for people to pay off debt. Here’s how it works, and some pros and cons
$1000 To Start A Small Emergency Fund: Is It Enough?
Some financial gurus suggest that you save $1000 for an emergency fund before getting in to hardcore debt reduction. Is it enough?
President-Elect Obama Talks About Tax Cuts And Stimulus Package
In his address this week President-elect Obama talked about how his administration plans to face the many economic challenges that face them this coming year. In this week’s weekly address, President-elect Barack Obama lays out the challenges that face us in the new year, and his plan for taking them on. “We need an American […]
When Canceling A Credit Card, Be Ready For The Emotional Appeals To Stay
I recently called to cancel an old American Express card. The moment I got on the phone, the appeals to stay started.
Christmas Budgeting Tips: Avoid Overspending At This Expensive Time Of Year
The holidays are almost here, and if you haven’t already, it’s time to start thinking about buying Christmas gifts for family friends and neighbors! Will you be heading out to wait in line at one of the Black Friday sales? Christmas is one of those times of year that we normally throw caution to the […]
5 Keys To Overcoming The Urge To Splurge
Christmas Is For Debt? Christmas will soon be upon us with all of the good cheer, family get-togethers and presents! All of the big department stores are already in full-on Christmas mode, with aisles upon aisles of decorations in the front of the store and Christmas music pumping over the PA systems. It’s hard not […]
Reader Question: Is It A Good Idea To Get A 401k Loan To Pay Off Debt?
I had a question posed to me this week about 401k loans, and whether they were a good idea. The person said they were considering using a 401k loan to pay off some higher interest credit card debt. The rationale behind doing this was that they’d rather pay themselves interest than the credit card company, […]
The Looming Credit Crisis: Another Reason To Live Without Credit And Debt
What do you think about the looming credit crisis? Should the companies be tightening standards and keeping spending limits lower on the cards they give out?
I Guess I Spoke Too Soon!? No Deal on $700 Billion Bailout.. Yet.
Yesterday I posted the news that we had all been waiting to hear. Congress had finally come to an agreement and had settled on a bailout deal to help jump-start our faltering markets. The price tag? A mere $700 billion dollars. At the announcement of proposed deal the Dow Jones industrials enjoyed a 196-point gain […]
Still Think Credit Card Companies Aren’t Evil? Read This.
News flash – credit card companies are not looking out for your best interests A common theme that I have on this blog is that credit card companies are never looking out for your best interests, and you need to make sure you always keep a wary eye on them. Think those rewards cards have […]
