Tag Archives: Debt Reduction

Ten Financial Choices You Will Regret in 10 Years

A lot of people who worry about their financial decisions often frame that worry on how it will impact them in the present, and often forget that the decisions will likely have consequences in the future as well. While financial … Continue reading

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Consumer Borrowing Increase Verifies Consumers Still Stink at Finances

If there was any ray of hope that US consumers could learn the lesson that consumer debt was not their friend, and try to part ways with it, the latest numbers suggest that consumers have no intention of breaking up … Continue reading

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10 Ways to Avoid Lifestyle Inflation

What is the first thing you do when you find out you’re going to get a raise at work? If your answer is to spend it on things that you have had your eye on, you probably someone who participates … Continue reading

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10 Reasons to Find a Money Mentor

Financial education tends to be done through books, online or through some type of course. While these can be valuable tools to get your finances in order, one of the best resources is often not even considered — finding a … Continue reading

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10 Ways Getting Out of Debt is Like Running a Marathon

Getting out of debt is an exhausting process that often requires a well thought out plan which needs to be accomplished step-by-step over a long period of time. When you’re buried under piles of dept, sometimes it feels as though … Continue reading

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Don’t Focus on the Numbers

Everyone loves a personal story. We like to hear how other people paid off debt, retired early, paid for college, or afforded that fabulous vacation. Personal stories are fun to read and can be inspiring. However, too many people focus … Continue reading

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10 Ways Life Gets Better When You Get Out of Debt

Have you ever had to cut back on your expenses or choose between paying the water bill or the electricity bill? When you’re drowning in debt, it might seem as though you’ll never break free. It seems that there is … Continue reading

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10 Daily Actions Keeping You in Debt

It’s hard to get out of debt. Sometimes it’s easy to feel that no matter how hard you try, you’ll never be able to pay off all your debt and expenses. While you might have reassessed your finances and figured … Continue reading

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Debt Reduction Diet: 10 Ways Debt Reduction Is Like Dieting

Dieting is probably not the first word that comes to mind when you think of debt reduction. However, when it comes to trying to reduce your debt, many of the steps you have to take are very similar to the … Continue reading

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Cold Turkey vs. The Slow and Gradual Approach

When you’re ready to improve your financial life, how should you go about it? Do you immediately cease all unnecessary spending, slash expenses to the bone, and use all of your extra money to pay down debt? Or do you … Continue reading

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10 Smart Ways to Use Your IRS Refund Check

Are you expecting to receive an IRS refund this year? Do you have big plans for that money? Maybe you want to spend it on something nice for yourself. Maybe you are planning to use it for a great vacation … Continue reading

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10 Financial Resolutions Everyone Should Make

While some people think it’s better to avoid making New Year’s Resolutions, it’s important to get specific as possible if you do decide to do make them. If you’re they type where New Year’s resolutions help motivate you to achieve … Continue reading

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Debt Snowflake Giveaway

Most people who are trying to get their personal finances in order are well aware of the debt snowball. This is basically a way to pay down your debt in a quick and efficient way. What less people are aware … Continue reading

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10 Reasons Getting Out Of Debt Is Worth It

When it comes to reducing your debt, there are a lot of good reasons to pay off debt beyond the obvious. The benefits of becoming debt free are numerous and have to potential to improve a number of areas of … Continue reading

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Snowflaking: 30 Ways to Snowflake Your Debt Away

Most people that have decided to take control of their finances and reduce their debt have come across at least one of the various debt snowball methods. Basically, creating a debt snowball is a way to arrange one’s debt so … Continue reading

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Busking: Strange Ways to Make Money

If you want to make a little extra money and you have a talent, you can give busking a try. Busking is performing in streets, train stations, or subways for money. You put on your show and you leave a … Continue reading

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Bliss vs. Suffering: A Life Without Debt

I’m a big fan of the yoga program “Inhale” on the Oxygen network. The host, Steve Ross, likes to say (when talking about mental health) that, “Psychology is based on suffering. Yoga is based on bliss.” What he means is … Continue reading

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Finding Motivation: A Life Without Debt

I’m frequently asked how I stay motivated to remain out of debt. After all, there are so many temptations and so many fun things that I could blow my money on. People assume that it is hard for me to … Continue reading

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Dave Ramsey Financial Peace University Review: Week 13

This final lesson was about Baby Step 7, Build Wealth and Give. Everything has been leading up to this. We’ve been taught how to get out of debt, save money, and invest so that we can build wealth, not only … Continue reading

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Learning to Love What You Have: A Life Without Debt

One of the best ways to become and remain debt free is to simply learn to love what you already have. It’s human nature to be swayed by the glitter and gloss of new items. You drive past a new … Continue reading

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