Category Archives: Debt

The Very First Step When Eliminating Debt

The Very First Step When Eliminating Debt

This past weekend, I was involved in two separate conversations regarding debt repayment.  Interestingly both conversations concerned married couples that despite varied lengths of marriage had failed the first step when it came to destroying debt.   The very first step in getting rid of debt is actually knowing exactly how much you owe to creditors.… Continue Reading

Has the Credit CARD Act Benefitted Consumers?

Has the Credit CARD Act Benefitted Consumers?

It’s just over a year since the Credit Card Accountability Responsibility and Disclosure (CARD) Act came into effect but has it heralded a change for the better for credit card users? The bill was introduced to limit the ways in which credit card companies could charge consumers and though it was first passed in the… Continue Reading

My Favorite Thing About Paying off Debt

My Favorite Thing About Paying off Debt

I have been aggressively paying down my auto loan since the beginning of the year.  Every time I am about to waiver and change course I remember my favorite thing about paying off debt.  What is my favorite thing about paying off debt? I don’t believe that debt is religiously evil, nor do I think… Continue Reading

Helping Out a Fellow Personal Finance Blogger Understand Her Student Loans

I was shocked when I saw the following tweet by Leslie from 27andFrugal fame: It immediately caught my attention because amortization loans shouldn’t be paid forward like this, however, when I let Leslie know that was possibly making a mistake she didn’t believe me!  Despite not knowing Leslie I felt it my responsibility to help… Continue Reading

How to Avoid Debt – A Guide

Unfortunately, for a lot of people, debt is – or is becoming – a fact of life. It’s all too easy to borrow money in the firm knowledge that you can and will repay it in time… only to see your circumstances change and your ability to repay the money you owe taken away from… Continue Reading