Cut Your Debt Down to Size
Not everyone is ready to jump into investing or saving a down payment for a house. If you’re still a bit new to this whole personal finance thing – or just need a bit of a reminder – scroll down to find some great ideas on how to save money while dealing with your debt.
For some reason talking about debt is very taboo in our society today; consequently, there are a lot of myths and misinformation out there. We’ll explain what this whole good debt vs bad debt thing is all about. Then we’ll cover some common types of debt and which ones you immediately need to pay attention to.
Finally, we’ll help you claw your way out of debt and put you on the track to financial success!
Avoiding the Temptation to Pay Down Debt (No, That’s Not a Typo)
I want you to imagine something… You’ve just gone downstairs into your basement (in this world you own a lovely house with a basement… yay!!!) and you instantly notice two things: There is about a foot and a half of water covering what used to be a very fine shag...read more
The first commandment of personal finance is not to carry a balance on your credit card. If you have just recently seen the light when it comes to keeping track of and improving your personal finances, then you might have a pesky credit card balance that keeps...read more
As we all know, we don’t really need to think anymore because we have networks of supercomputers that can do that for us. No longer do kids need to make a shopping list for their parents, they can simply give their log in info to their parents and let Amazon make...read more
When it comes to debt, many people dare not add up the amount they owe, or the total amount of their debt-related monthly payments. To do so would make it all too obvious that they have too much debt. Instead they focus on their ability to afford the monthly payments...read more
Making New Year’s resolutions is a time honored January tradition. The problem is that by February most of those resolutions have been broken and completely abandoned. But there’s one New Year’s resolution that you need to keep, that you cannot afford to give up on –...read more
It’s all fine and well to be motivated by altruistic means, but I would argue that the top performers in most fields are fuelled by something other than the prize at the end of a rainbow. Take professional athletes for example. All of those fancy montages that play...read more
I'm not sure what I did to deserve all these wonderful PF bloggers knocking down my door to guest post for me... so just want to say a big "THANKS!". Financial Uproar is one of my favourite blogs because he tells it like it is and he's laugh-out-loud funny...read more
After watching many of episodes of 'Til Debt Do Us Part by Gail Vaz-Oxlade (I love her so much), I started thinking about how it is so important, as a couple, to work together towards your common financial goals. Money problems is the number one reason couples break...read more
Here's a guest post from Ed O'Brien about Credit Scores- I don't know too much about credit scores because I never really had to worry about them (since I'm an angel and always paid my credit card bills on time lol), so I was very interested to see how credit scoring...read more
Youngandthrifty's thoughts: With the economy currently in distress, gas prices looming higher and higher, and the real estate market in parts of North America in the absolute pits, buying a home or keeping up with payments on a current home loan can seem like a very...read more