Most Americans are saving very little money, if any at all. I know my savings was hit hard during the Great Recession a few years ago. During that time, my income was cut almost in half due to several factors. On top of that, we were also paying cash for my wife’s bachelor’s and master’s […]
debt
Don’t Manage Your Debt, Eliminate It For Good
Being a personal finance blogger and a money geek, I like to read personal finance blogs, watch shows about money, and read tons of books on money, business, and finance. I even listen to podcasts and radio shows about money when I get a chance. Most of the personal finance experts I listen to are […]
More is Not Always Better- 6 Ways Debt Limits You Financially
In this blog I almost always advocate that having more is always better. More money, more from your career, more from your relationships, and more from life in general are all good things. But since this blog is primarily focused on getting out of debt and living a debt free lifestyle, there is obviously one […]
Should You Take on Debt to Get a Tax Break?
Have you ever had someone advise you to take on debt (such as a mortgage or a car lease) so you can get a tax break? Maybe it was your dad, a friend, or even a trusted professional such as an accountant whom you trust to give you good, solid financial advice. A tax break […]
How to Pay off Medical Debt- What You Should (and Shouldn’t) Do
Paying off a ton of medical debt can be a very daunting task, especially if you’re living on a limited income. The thing that really stinks about medical debt is, unlike consumer debt, it can’t always be prevented. Sure, you can do your best to live a healthy lifestyle to prevent large medical bills in the […]
The Miracle (or Curse) of Compound Interest
Most of us have probably at least heard of the term “compound interest” at one time or another. Usually it’s attached to the idea of investing money and watching it grow over time, building upon itself to get an exponential return. Compound interest is a great concept that will make you much richer over time […]
