The only thing more challenging than getting rid of debt is trying to do so without a plan. Paying down your debts depends on knowing how much you owe, to whom, and what your options are for doing so. So, let’s turn that cluttered desktop full of receipts, bills, and credit card statements into a system you can actually use to get out of debt.
Here are four tips for getting your personal finances organized, so you can get out of debt for good.
Living in a wealthy nation carries several benefits, but temptation to live beyond average means might be a common relative weakness.
Approximately 80 percent of Americans carry some form of debt among student loans, mortgages, vehicle loans, medical bills and credit cards. However, it’s the last category that’s by far the most dangerous. So perilous in fact that a recent consumer survey revealed that two out of three U.S. consumers don’t know when they’ll be debt free. One quarter of respondents expect to be in debt for life.
Any balance is solvable. It all depends on finding—and committing— to a solution with which you’re comfortable.
Let’s discuss four strategies for dealing with significant debt. Read more
Almost 3 years ago now, we became a blended family of 7. This was a huge lifestyle change for all of us, but one we are glad we decided to make. However, with this blended household, came some blended debt. We had to sit down and take a really hard look at our finances and figure out how we could knock out this debt, as quickly and efficiently, as possible.
This year we vowed to track our budget and post everything here so that we are being held even more accountable. I wasn’t sure how this month was going to go, primarily because of taxes. So now it is time to check out how we ultimately did with our April budget.
With the beginning of the New Year, comes the standard desire for change. At least for the majority of us. Well, we happen to be no different in that we know that we can do better. Therefore, when we had our end of the year budget meeting to go over all of the numbers, we decided to make a big change with our budget.
The New Year brings excitement for some, and dread for others as they despair over another potential year of failed goals. I can’t tell you how many years Rick and I spent making a New Year’s resolution to be better with money, and then proceeded to have ZERO success.
It took awhile, but eventually we learned some tips and tricks for making sure our financial (and other) goals truly have a chance of being obtained. Although total success may not happen, following these tips can help ensure you end 2018 better off financially than you did 2017. Read more
Are you having a hard time paying your bills every month? Does it feel like you will never get yourself out of debt? If you answered yes to these questions you are not alone in your plight.
Having too much debt is a common problem many people face. Whether it is from mounting medical bills or simply spending more than you should the bills can get out of control quickly.
But is there a way to save money and pay off debt faster? You may be able to do just that by getting a personal loan.
It’s November now, and the end of the year always gets me thinking about MONEY. Not just because of holiday spending (which by the way will likely average over $1200 for Americans according to this report) but because the New Year brings a new opportunity to give your money situation a fresh start.
January is the season of resolutions, and while I prefer S.M.A.R.T. (Specific, Measurable, Achievable, Relevant, Time-Based) goals over the traditional resolution, I do think that November is the perfect time to start thinking about how you’ll better your financial situation in the New Year.
Here are seven things you can do to change your money situation in the coming year.
Recent studies show that as many as 76% of families live paycheck to paycheck, meaning there is absolutely no money leftover at the end of the month.
Having lived this way for several decades, I can attest to the fact that it’s no fun being in a money situation where you regularly have more month than money.
Four years ago, my husband and I finally got “sick and tired of being sick and tired” of the paycheck-to-paycheck lifestyle. We had no idea how we were going to change things, but we KNEW that we were done living the stressful life of having no money and loads of debt.
Here are the steps we took to break the paycheck-to-paycheck cycle and start getting out of debt once and for all. Read more
I found an interesting article yesterday on Forbes that claimed that the real problem behind the burgeoning student loan crisis is not the trillions of dollars in outstanding loan debt. Read more