Category Archives: Debt

Calculating How Much Interest I Pay Monthly

I originally calculated how much interest I was paying to finance companies and banks in 2009.  Re-reading the post I actually remember feeling very annoyed how much money was being spent just servicing my debt.  While I updated the numbers some 19 months later, I haven’t looked into these calculations in over 4 years. Below…Continue Reading

Why interest rates might go up in 2015 – and what it means to you and your mortgage

Predicting the economy is a complex business (and very lucrative for those who get it right). In reality, though, interest rates are affected by so many things across the global economy, that looking far ahead is almost impossible. With interest rates at an all-time sustained low, many commentators are predicting a rise in interest rates…Continue Reading

How to use Financial Speculation as a way of overcoming Debt

In days gone by, the common perception was that the spectre of debt could only be overcome by reducing expenditure and commiting to saving money. While this remains viable advice, however, it is not necessarily the most productive method in an economic climate where unemployment remains high and disposable income decidedly low.   Instead, the…Continue Reading

Coming Up With a Debt Repayment Plan

Part of my post-summer refocus is to get back to some of the basics with regards to my family’s personal finances.  First step was to reassess my family’s cash flow and make the appropriate changes.  Second step is to take a look at my debt, and come up with a plan. As of September 1st I have…Continue Reading

Back to Zero With Credit Card Debt

When I started my personal finance blog in 2008 I had over $16,000 worth of credit card debt.  It took about a year or so but I paid that all off, and The Wife and I were one of those people with literally zero credit card debt that carried over month to month.   This…Continue Reading