Debt Handling – Individual Retirement Accounts – IRA
Debt is closely tied to savings – the more you do the first, the less you have left over for the latter. Conversely, the more savings you have, the less you (usually) need or want to borrow. Since you’re paying out interest by borrowing, and (in some cases) simultaneously not getting interest by saving instead, [...]
Set A Goal To Get Out Of Debt
If you’re in debt, of course you want to get out as soon as possible. Of course you want to have money in savings. But just thinking that is not enough. You need to set a specific plan, with a timeline, to get out of debt and start saving. First you have to figure out [...]
Debt Handling – How To Handle Debt
The first step to handling any problem, and excessive debt is no exception, is to focus on facts. Here, that means finding out how much you actually owe and what the monthly payments and interest costs. It’s surprising, though maybe it shouldn’t be, how many people that are troubled by debt problems, don’t actually know [...]
Debt Handling – How To Deal With Debt Collectors
Debt collectors ringing your phone off the hook and sending intimidating letters can frazzle anyone’s nerves. But you have various forms of protection and many techniques available to deal with them. The Fair Debt Collection Practices Act sets guidelines for what debt collectors may or may not legally do when attempting to collect a debt. [...]
Patience and Planning Keep You Out Of Debt
If you need to buy something RIGHT NOW it is almost always going to cost you more. The way to save money is to plan ahead and anticipate what your needs are going to be. Don’t buy clothes when they first hit the racks. Find out when the stores have their big sales, and hit [...]
