Life Without Credit
One of the downsides of being in debt is that it tends to trash your credit. Paying bills late, charging your credit cards to the max…can make your credit scores plunge. But is credit really a necessity of life? Remember, credit cards haven’t always existed. Before the 1960s hardly anyone had them and it wasn’t [...]
How Your Priorities Can Get You Into Debt
It’s easy to blame outside circumstances for pushing you into debt- circumstances that seem beyond your control, like a layoff or the housing crash or a medical crisis. However, if you look deeper, you’ll probably see that some of the blame lies with your priorities, and with spending money on the wrong things. The top [...]
Money Moves That Put You In Debt
There are smart money moves, and there are dumb money moves. Dumb money moves, that risk your financial future, include: 1.) Applying for too many credit cards – especially if you know that you are not good at balancing a budget or if you have poor self discipline when it comes to spending. One credit [...]
Five Drastic Measures To Pay Off Debt
When you have heavy debt weighing on you, you may need to take some drastic measures to dig your way out. Some options to getting out of debt are: 1.) Cashing in some of your 401k, or borrowing against it. Just keep in mind that cashing it in will cost you penalties, and borrowing against [...]
How Not To Get In Debt
When should you start taking action about your debt? The best time to do it is BEFORE you even get in debt, of course. How do you do this? Several ways: By setting aside a percentage of your paycheck in an interest earning “rainy day” account EVERY single month, so that when the inevitable emergency [...]
