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 anything specifically about it. In this article, I’d like to provide a brief introduction, an illustration, and links to related resources. … Read moreDave Ramsey’s Debt Snowball Debt Payment Method
One of the biggest challenges that many of us face has to do with cash flow. When money is tight, and you need a little more liquidity to ease the situation, you might need to attempt to get a personal loan. But what if you have bad credit? Bad credit can be a deal-breaker when it … Read more5 Ways to Get a Personal Loan When You Have Bad Credit
One of the ways to manage your debt and then pay it down is with the help of debt consolidation. Debt consolidation is a process in which you combine your debts so that you make only one payment each month. In many cases, you can also consolidate your interest rate payments as well, leading to … Read more3 Best Ways to Consolidate Your Debt
Short Answer: Unless you can transfer your balance to a 0% APR card and pay it off before the introductory rate expires, it doesn’t make sense to pay your student loan with your credit card. For some students, particularly those who are having a hard time finding a good job in a tough economy, student … Read moreShould You Pay Your Student Loan with a Credit Card?
Being in debt is not fun. Unfortunately, many people do find themselves in debt, carrying balances on multiple credit cards. Even if you have debt that seems insurmountable, you can eliminate credit card debt on your own without using a debt consolidation service. While I think these debt consolidation companies could be helpful to some, … Read moreHow to Eliminate Credit Card Debt in 7 Steps
Bilbo Baggins, the star of the book The Hobbit doesn’t have any debt. This little hero knows how to manage his resources. If we want avoid debt, and live a full life, we can take a few lessons from Mr Baggins. Photo via Wikimedia Commons 1. Live Within Your Means Bilbo Baggins was a hobbit … Read more5 Debt Defying Lessons from the Hobbit
So many students graduate with debt. In fact, student loan debt has surpassed $1 trillion, and the amount of student debt is higher than that of credit card debt. Chances are that you graduated with some student loan debt. I have student loan debt, and it should have been possible to get through all four … Read more5 Ways to Pay Back Student Loans Faster
We can all see the benefits of having a large retirement portfolio. If it’s big enough, it can provide you with a standard of living comparable to — or even higher than — the one that you have when you’re working. But let’s face it, not everyone will have a retirement portfolio that will be … Read moreShould You Pay Off Debt or Save for Retirement?
The world of credit counseling is filled with companies looking to make a quick buck providing advice on how to reduce or consolidate your debt. It’s a dangerous industry because your credit is such an important part of your daily life. Your credit score is used in everything from your cell phone service to renting … Read moreNational Foundation for Credit Counseling: Advice You Can Trust
Debt consolidation companies often give you a fantastic pitch that promises to help you lower your monthly payments and eliminate debt. All you have to do is work with them, combine all your debt obligations into one low monthly payment, and save tons of money. Is it really that fantastic, or just a fantasy? Personally, … Read moreHow to Do Your Own Debt Consolidation and Get Out of Debt