How To Get Out Of Debt: Channel Your Impulse Buying

One of the most effective methods that we decided upon when figuring out how to get out of debt, was to channel our impulse spending. This has helped us to both get out of debt faster and to develop discipline with our finances. How to Get Out of Debt by Evaluating Expenses In talking with people about their finances, I've found that one of the problems that many people face when trying to … [Read more...]

The Tragedy of Debt

Over the last few weeks, I’ve been convinced that I need to take a stronger stance against debt and offer more resources for people who are in debt.  I feel like I need to point out both the seriousness and ludicrosity (yes, I made up that word) of debt. As I’ve been working on my call for simple living and generous giving (in the form of a book called Transforming Your Financial Diet: 7 Steps … [Read more...]

4 Tips to Pay Off Your Debt ASAP

I don't think I know of anyone who likes being in debt. Do you? If you, or someone you know are trying to get out of debt, here are some ideas that will help. Prioritize The first thing you should do is figure out all the debts you have. Which debts have the highest interest rates? If it's from a credit card, call your creditors and work on getting the rate reduced. If they won't do it, tell … [Read more...]

7 Ways to Avoid Debt

The following is a guest post from Jack Reed.  He is a financial writer with Oak View Law Group. He offers advice on debt related issues. Subscribe to his RSS feeds and keep yourself out of debt.  If you want to submit a guest post you can read the guidelines here. The most direful situation one can face today is being crushed under overwhelming debts. Modern life is expensive and being a … [Read more...]

How Not to Recover from Bankruptcy

Parade (an insert in the Houston Chronicle) on August 16, 2009 had an article entitled, “How to Bounce Back From Bankruptcy”.  The article written by George Anders.  From the moment my eyes glanced across the introduction I knew I was in for an especially frustrating treat.  Debt is Not the Solution to Bankruptcy Interestingly, the article tells that one million Americans filed bankruptcy in … [Read more...]

Four Borrowing Boundaries To Help Avoid Debt

In the first post of this series we asked Should a Christian Declare Bankruptcy? Unfortunately, due to the stain of sin many Christians are in situations where they must decide if bankruptcy is their best available option.  As we concluded, in the first article I pointed out that churches and Christians should devote their time and energy to helping people avoid bankruptcy instead of simply … [Read more...]

Is Bankruptcy Your Best Available Alternative?

In last week's article, Should a Christian Declare Bankruptcy? I concluded that bankruptcy is never an ideal, but in some cases is a best available alternative.  This post is intended to address Christians who think bankruptcy is currently their best available alternative.  Personally, I believe bankruptcy should be a last consideration, but that at times is the best available alternative.  … [Read more...]

Should a Christian Declare Bankruptcy?

Many Christians are interested in the topic of Christian bankruptcy.  The question of Christians and bankruptcy can be discussed on two levels.  I’ll call the first the “ideal level” and the second the “sin stained” level. Series on Christian Bankruptcy Article Two  Eight Considerations When Trying to Decide if Bankruptcy is your Best Available Option. Article three  Establishing Borrowing … [Read more...]