Category Archives: Debt

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 Does a Balance Transfer Work?

A balance transfer credit card can be a tricky proposition, and if you aren’t familiar with the process, it can cost you money. It’s not complicated to transfer a balance from one credit card to another; a 0% balance transfer can even save you much, but there are issues you should be aware of before… Continue Reading