debt

I recently heard an interesting discussion on Dave Ramsey’s radio show about the length of time you need to live in a home in order for it to make sense going through the process and expense of purchasing it. It’s a rare occasion that I disagree with Dave Ramsey, but in this instance, I [...]

Back in the 80s I walked to the YMCA with my weekly video game allowance of two quarters. That bought me one game of Asteroid and one game of Pac-man. Any idea what the difference is between Pac-man in the 80s and FooPets today? You had to pay cash up front in order to play [...]

I believe that cash flow is one of the most powerful concepts in personal finance. People tends to know how they feel about their personal finance — e.g., whether they are comfortable or are struggling. Unfortunately, not too many people truly understand cash flow and how important it is to your finances. When you understand [...]

As a college student, we all know how expensive it is to buy just about anything in our daily lives.  From our daily meals, to our clothing, how the heck are we supposed to afford all of this?  With student loan and credit card debt reaching an all time high per [...]

If you read enough personal finance blogs, you’ll see a common theme and the number one answer to your financial dilemma — “Spend Less than You Earn”. Unfortunately, it’s easier said than done, otherwise, we wouldn’t have this rampant debt problem in our society. Fortunately, I went through this myself, and over the years, I’ve [...]

We in the personal finance blogosphere love to fill the internet with ideas on how to save money and discuss everything under the sun that you should not spend money on. Well, today, I’d like to discuss a few things that I believe are acceptable purchases.

There’s no shame in admitting it: It’s possible to make it through college and into the real world without having the first idea about investing, money management, or anything that deals even remotely with finances. But thanks to the growing number of Web sites and online tools devoted to fiscal responsibility, it’s easier than ever [...]

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 [...]

Buying a new car is a big deal, especially when it is your first.  In 2002, when I was 17, my parents bought me a beat up black 1999 Grand Prix that I absolutely loved.  I put that puppy through a lot and it was passed down to both my younger brothers before making its [...]

iPhones are often criticized as expensive and ostentatious. Why buy a smart phone when you can make calls from a $10 pay as you go phone? It may seem like a waste of money, but used properly an iPhone can be a powerful tool in your personal finance arsenal. Here is just a small sampling of [...]