One of the oldest debates in the personal finance realm has to do with the tough choice between paying down debt and investing. The argument goes something like this: Paying down debt is pretty emotionally draining (it’s hard to send your money to a creditor each month without feeling like you get anything tangible in…
One of the goals of most financially savvy adults is to operate without any debt. While it is easy to avoid certain types of debt, such as credit card debt; debts such as mortgages and student loans are somewhat necessary to get a boost. While getting rid of your mortgage will cause you to lose…
Unless you are a lender, nobody really likes debt. Sure some debt is good debt, like a mortgage on your house. It helps you get something you most likely would not be able to save up and purchase otherwise. On the other hand, bad debt is just a drain on your balance sheet. Perhaps the…
We all want the chance at debt free living. For some of us it is a struggle to get there compared to others. Bad debt can begin to control our lives and it becomes hard to shake the high interest payments we are making each month. If this sounds like you try these steps and…
Hi One Smart Dollar readers! My name is Erika from the website From Shopping to Saving where I share my journey as a recovering shopaholic. I share my experiences with saving, shopping (resisting it), self-improvement, and more. Feel free to ask me questions or follow me on Twitter. I’m sure everyone has heard of how our country is…
One of the most useful financial tools a person can have is the student loan. They can be an exceptional way to get an education, and they are often the cheapest loan (as in the lowest interest rates) a person will ever get. They are long term loans that can help to build a person’s…
When a credit card company first issues you a credit card they give you a credit limit. This credit limit is the maximum amount that you can charge to your account at any given period of time. If you are young you might not have a very extensive credit history which means you might be…