Tag Archives: debt

Are You Dreading Your Credit Card Statements This Month?

It’s hard to believe, but the holiday season is over. A new year has started that’s full of opportunity. Whether you call them goals or New Year’s Resolutions, it’s exciting to consider the potential for 2016. There’s one small problem. You had a great Christmas, but it was funded largely on credit cards, thus the problem – the rolling in…

Why I’m Thankful I Had Credit Card Debt

What are you thankful for – family? Friends? Health? What about freedom or a great job? I too am thankful for all of those things. However, I also have something else I’m thankful for that might seem a little odd – credit card debt. Specifically, my credit card debt. Why would I be thankful for something that brought me to…

4 Overlooked Ways to Pay Off Debt [Especially #3]

I know what it’s like to pay off debt. It requires discipline. It requires making sacrifices. It requires creativity. It also requires hopefulness. That’s why a recent survey showing that 18 percent of individuals expect to die in debt caught my attention. It reminded me of the importance of hope in achieving any goal, but especially in paying off debt….

Why it’s Foolish to Finance A Once in a Lifetime Event

I was speaking to a family member recently about their desire to attend a potentially once in a lifetime event. I was excited for them as they were excited about attending. Full disclosure, the event in question was a sporting event. There was one minor problem. The expected cost to attend the event was in the neighborhood of $5,000. Money…

Why Living on the Edge is No Way to Live

Living on the edge can be a great way to add excitement to your life. I realize the term is somewhat relative in that what may be considered living on the edge by me could be considered tame by you and vice versa. That being said, a recent survey shows far too many of us have one unfortunate thing in…

5 Ways to Avoid Debt During the Holidays

Are you a Santa or a Scrooge when it comes to the holidays? If you’re like the average American, you spent around $780 on Christmas gifts last year. But with the majority of Americans having little to no savings at all, it’s a wonder as to how they plan to pay for this expensive holiday season. Before you go reaching…

5 Ways to Avoid Debt This Holiday Season

Believe it or not, the holiday shopping season is nearly upon us. With a little over two months until Christmas you are likely already seeing ads for Christmas. That means one thing – extra spending. According to the Amercian Research Group, Americans planned to spend almost $900 on Christmas in 2014. That can be a lot of money to spend…

How Soon Should I Use A Credit Card After Paying Off Debt?

“How soon should I use a credit card after paying off debt?” This is a question I’ve received lately after speaking with a few individuals about my personal debt payoff journey. While the debt I paid off covered both student loans and credit cards, it was the latter that was the bigger pill to swallow. Not only did it encapsulate…

What Happens to My Debt When I Die?

Death is an unfortunate reality of life. With it comes many responsibilities for remaining family members and friends. Like it or not, debt is one of those responsibilities heirs must handle. One might think that when you die your debt goes with you to the grave. That is not always the case, however. In some instances, your heirs might be…