Category Archives: Debt

What is the difference between a subsidized and unsubsidized loan?

Whether you are looking to enroll in college or purchase a home, it is important to know the difference between a subsidized or unsubsidized loan. In both student loans and homeowner loans, there are two options. Both have qualifications that need to be met in order to participate. A person must be able to show… Continue Reading

Should You Ever Go Past Your Debt Limit?

With all the talk of the United States government considering a raise to the federal debt limit, it should give Americans the opportunity and desire to revisit their own debt limits. Personal Debt Limit So the question then becomes, what is your family’s debt limit and should you ever go past it into uncharted territory?… Continue Reading

How Much Interest Do You Pay Monthly?

How Much Interest Do You Pay Monthly?

I can’t believe it has been 19 months since I last determined how much interest I pay to financing companies!  I remember how I felt when I wrote that post, while I understood how amortization loans worked and that financing costs were inevitable it wasn’t until I did the actual calculations that I found how… Continue Reading

Open Letter to Congress: Stay Away from Business Credit Cards

I was shocked and then disappointed when I read the title of a recent WSJ article, “Lawmakers Urge Crackdown on Business Cards.”  The Author, Jessica Silver-Greenberg, sums up the request from the usual players in the world of “Americans are too stupid to take care of themselves” A group of four U.S. Senate Democrats, including… Continue Reading

How To Choose A Credit Card For Newbies

Choosing a credit card for the first time can be a confusing and bewildering process. What should you look for? How do you make the best credit card choice for you? There are so many credit cards – Visa, MasterCard, American Express, Discover – and the wrong choice can cost you a lot of money.… Continue Reading