There’s more to life than having money, but it doesn’t negate the fact that a person’s financial status is essential to their quality of life. Someone with excellent credit, a high salary, manageable debt, and considerable savings will ultimately be able to afford more and experience fewer life challenges than someone with a poor financial status. That’s why people implement management practices like budgeting to help them keep their finances on track.
Category: The Road to Debt Free
Ok, this is where the rubber meets the road.
Money Matters: How to Go From Debt to Wealth
There are people who live a wonderful quality of life making five figures and those who struggle with a six-figure income. The difference is the way they handle their money. If you are careless with money, you will live a stressful life caused by outstanding debt. Thankfully, you can change the way you handle money and end the in-debt way of life. Below are a few tips to help you achieve success. Read more
5 Tips for Staying Out of Debt This Christmas
You see advice everywhere for getting out of debt after you’ve overspent during the holiday season. In reality, it would be better if you could get advice on how to stay out of debt before the Christmas season.
If you are still paying off last Christmas, consider an online installment loan to get you back in the black. So many people have allowed Christmas spending to take over their lives that they worry about the money they spend after the holiday is over, and reality has set back in, instead of worrying about it before they spend it. In this blog, you’ll find a few of the best ways to stay out of debt this upcoming Christmas season.
How We Bought Two New Used Cars With Cash
We have been hitting the road towards debt freedom pretty hard for the past three years now. The car loan on one of our cars was the last big thing we had to get rid of before we could start throwing more at the mortgage. How to get rid of the car loan faster was something that had been vexing me since the beginning of the year. I was getting close to an answer to pay it off faster, when it suddenly happened. We were finally able to get rid of the last car loan, and buy two new used cars, with cash only. This was a miracle! Read more
Paying off Debt: How to Recover From a Blown Budget Month
I originally published this post four years ago, but thought it was worth repeating. If you’re on a debt payoff or wealth building journey, and have spent the last month (or more) totally screwing up your budget – or if you read my post from Monday and are ready to start taking MASSIVE action, read this first. Read more
3 Ways to Avoid Discouragement During Debt Payoff
If you’re like we were, you might find after making the decision to get out of debt that you may have bit off more than you could chew. I know that many of you are in way over your heads right now. You’re facing a mountain that – let’s face it – is just too big. I know that, because that’s the situation we were in four years ago. Then things got better. And then, after a series of personal crises, they got much, much worse, and we had to start our journey to get out of debt all over again, with a debt load over twice as high as we began with. Read more
The Importance of Finding the Leak in Your Financial Ship
One day soon after we began our “getting out of debt” journey I decided, for motivational sake, to go back and track how much we spent on eating out in 2012. It was in December of 2012 that we had our financial wake-up call and realized we had to do something about our money situation. We’d cut down quite a bit on eating out over the last couple of years before that, so I was curious to see what we’d actually spent on restaurants, given we’d tried to make 2012 a little more budget friendly in that area. Read more
What You Need to Know: Crucial Tools for Winning Your War Against Debt
Paying off debt is hard. Really hard. Anyone who’s ever tried it, even those who’ve succeeded, would likely tell you that it would’ve been easier to stay in debt. In the battle for debt freedom you are battling old habits, old mindsets, and often you’re battling at least a few people who tell you that you shouldn’t do it or that you can’t do it. So what weapons can you use in order to overcome the battles that try and keep you in financial bondage? Read more
How and Why You Should Pay off Your Debt Fast
This blog post is part of the Pay Down My Debt (PDMD) blog tour, sponsored by US Equity Advantage. PDMD is a solution that accelerates debt payoff and helps consumers monitor their credit and make smarter purchasing decisions. If you’re looking to pay off debt find out how they can help.
Today would have been my grandpa’s 97th birthday. My grandpa was an awesome guy, and I loved him SO much. He worked hard, raised eight kids with ethical standards and treated my grandma and the rest of our family well. I have tons of respect for my grandpa. He and I were buds, for sure. I loved spending time with him. One of my fave grandpa memories was when we would take him out to eat at the local pancake house and he would order liver and onions. We’d always say, “Grandpa! You’re at the PANCAKE HOUSE! Blueberry, strawberry, chocolate chip – they’ll give you any kind of pancakes you want! Why are you ordering liver and onions, of all things?” But the meal brought back fond memories for him, growing up as one of twelve kids of a police officer and doting stay-at-home-mom during the Great Depression. Read more
Deep in Debt? Here’s How to Get Out
When we first started our “getting out of debt” journey, we didn’t tell a soul anything about it, mostly because we knew that most people would tell us we couldn’t make it happen and we’d be better off filing bankruptcy. We were deep, deep in debt, facing a 65% debt-to-income ratio at the time and were a minimum of $1,000 short of income each month without Rick’s overtime pay, which was not guaranteed. Read more