debt elimination

Debt consolidation loan is simply a type of loan obtained to pay off multiple loans. The good thing about this debt management tool is, it helps lower interest rates and allows you the freedom to pay a monthly lump sum instead of multiple payments. Put differently, a debt consolidation loan lets you rearrange your numerous [...]

Being in debt is not fun. Unfortunately, many people do find themselves in debt and carry balances on multiple credit cards. This article will show you how to eliminate credit card debt on your own without using credit card debt consolidation services. Personally, I think these credit card debt consolidation companies could be helpful to [...]

If you’re a regular personal finance blog reader, chances are you’ve heard about Dave Ramsey and Debt Snowball. Personally, I have mentioned both Dave Ramsey and Debt Snowball a few times, but never write directly about it. In this article, I’d like to provide a brief introduction, an illustration, and links to related resources.

What Is [...]

In the past few years, Americans average savings rate has declined precipitously — in fact the current savings rate is practically zero. This means that as a society, we are not saving any money. Worse, we have a habit of borrowing to fuel our consumption. We are spending more than we earn, and that’s a [...]

With the recent turn of events, I have been giving a lot of thought about what to do in event of economic slowdown — i.e., recession, stagflation, depression, financial doom, or whatever you want to call it. As I put this list of 5 strategies together, I realize that they are nothing more than responsible [...]

Instead of writing about a personal finance topic today, I am going to walk you through the personal finance blogosphere to show you some recent events and a few other things…
Current Events

M-Network adds a new member – This week the M-Network invited Mrs. Micah to join our rank. We have been working with Mrs. Micah [...]

Lynnae at Being Frugal recently reviewed her 2008 financial goals. She shared some successes and failures, and asked other personal finance bloggers to review theirs. In particular, she referenced my goal to reduce my household utility bill by 10% or $35 a month, and asked, “Did you reduce your bill in January?”

Photo via moregueFile
The short [...]

Recently, my friend Patrick from Cash Money Life wrote, “Your Greatest Asset is the Ability to Create Income.” In it, he said:
“What is your greatest asset? Most people think it is their house. They are wrong. Bank account? Wrong again. For the vast majority of people, the greatest asset they have is the ability to [...]

In the previous lesson with my wife, I taught her about various investment vehicles available at our disposal. This time we discussed choosing the right tool for the job; that is, choosing the best investment option available for various savings goals.

Photo from morgueFile
Common Savings Goals
First, we reviewed some of the more common savings goals. I [...]

Trying to build wealth while you are in debt is like running on a treadmill. At best, you will get a good exercise running to nowhere. At worst, you might fall off and hurt yourself. In this round up, I search through the personal finance Blogosphere and found some great posts about dealing with debt.
Zen [...]