Living without a credit score is one of the basics of personal finance that I teach on a regular basis. However, I’ve found that telling people they don’t need a credit score tends to freak people out a little. Most people get this weird look on their face and politely listen to what I’m saying. […]
Debt
Reverse Mortgage Advantages and Disadvantages
A Reverse mortgage is heavily advertised as a great way to provide retirement income for cash strapped homeowners. Usually you’ll see reverse mortgages advertised using an aging TV or movie star encouraging seniors to unlock the equity in their home to provide extra income during retirement. But is a reverse mortgage really as good as […]
Save For Retirement or Pay Off Debt- What Should You Do First?
One question I hear quite often from readers who are getting out of debt: “Which should I do first, save for retirement or pay off debt?” It’s a common question that leaves a lot of people confused. There is plenty information available on the subject. But no clear consensus about the best way to proceed […]
Rewards Cards vs. Paying Cash- Which One is Better?
Most of you know by now that I’m a huge advocate of using cash only when it comes to financing your lifestyle. Of course, that means using the green stuff or a debit card. But as I interact with readers here on the blog and commenters on some of my Facebook posts, I’m finding that […]
How to Eliminate Bad Financial Decisions For Good
Have you ever made any bad financial decisions? I know I have. If you’ve been an adult for any length of time, you probably have too. Welcome to the club. Lest you think I’m somehow above making bad financial decisions just because I teach people about personal finance, I can assure you that you’re wrong. […]
How to Pay Cash For Your Next Car- Even On a Low Income
Let’s face it, cars are expensive. Most of us need at least one car, and if you have a family, sometimes it can be hard to get by unless you have two. But when you have a low income, buying and maintaining vehicles can put a huge dent in your budget. In this article I’ll […]
