As many things go in life, it is far better to save money than to take out a loan. For instance, if you want a new TV, new furniture, or other items that are not necessities, do not finance them, and certainly do not use a credit card. This is especially true if you do…
In today’s competitive job market, it is almost a necessity to have a college education. However, that education can be quite expensive. Unless you had parents that were fairly well-to-do and they were able to save money for your education, or if you worked very hard during your summer breaks, you most likely needed to…
Paying for college doesn’t have to be a burden for young people. The sad truth is, a lot of new graduates are so worried about paying off student loans that they no longer enjoy the fruits of their labor. The average American owes around $20,000 in student loans. That’s a huge debt to take on….
More than a month has passed since we had a mad rush of gifts, eggnog, turkey and in-laws. Through the month of January many people have been furtively glancing at their credit card balance hoping it would magically go down. Since we are halfway through February, the realization has set in that if something is…
Debt can be a useful tool when it is used correctly. But even when used properly, it can do strange things to our emotions. While most people do not mind going into debt to buy a house, or attend college, and often not even to purchase a new car (these are referred to as good…
A lot of people who are drowning in debt wake up one day to realize their situation is completely unmanageable. It might have started with a couple small emergencies that you put on your credit card. Then Christmas came and some presents got tossed on their as well. You realized how great the “rewards” were,…
Most people would agree that being in debt is no fun. Many people even want to pay off their debts like mortgages and student loans as fast as possible. This desire to get rid of debt is even greater when they have bad debt hanging over them. There are times when a person gets over-extended,…