Be Aware! Don’t Be Deceived By Calling Your Debt Good

It's time for us to move past the archaic debt designations of good debt and bad debt. Instead, we ought to re-evaluate our debt situations to see if we can find a new paradigm for how we can evaluate the blessedness or burden level of our debt. The most important thing that must happen is we must recognize that debt brings some sort of negative pain or consequences.  It doesn't matter how … [Read more...]

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...]

50 Personal Finance Questions |Get Help Setting the Right Financial Goals

I think everyone would be well served by breaking their lives into major categories and assigning goals for each category.  Fortunately, finances are one thing that already often get included in New Years Resolutions. To kick start the process, I’m going to ask you a lot of questions.  If you hesitate, put an * by that question and go back to it.  Spend some time thinking about and researching … [Read more...]

What Happens to Credit Card Debt At Death?

Every Friday, I answer a reader's question.  If you have a question, you can contact me. I received the following question via email: …questions about family members, their debt and what happens to that debt if they die.  In the US, if parents die with a lot of debt (credit cards etc...) what happens to it?  Are we as the kids going to be responsible for that?  Any insight on this?  First, … [Read more...]