Posts tagged as:

debt reduction

How to Pay Off Your Mortgage Early – And Why It’s a Priority

The habit of homeowners in recent years has been to keep their homes in a perpetual state of debt. There are after all, tax advantages to mortgage debt that lesser forms of debt don’t share. And houses have been—until recently at least—appreciating assets that will wipe out debt in an eventual sale. Not to worry […]

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How to Get Out of Debt After a Long Layoff

There’s much in the financial news and written on personal finance blogs about how to get out of debt. Cut this expense…lower that cost…clip coupons…and in X number of years you’ll be debt free! For many, this type of trimming at the edges may be all that’s needed to reach debt freedom. But what if […]

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The Fallacy of OPM – Other People’s Money

Can a phrase influence a person or even an entire society into destructive behavior? The analysis of debt woes is often presented as if it’s a math problem, as though people got too far in debt merely as a result of spending too much money over an extended period of time, and all that’s needed […]

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Take the Small Wins with Your Money and Your Life

This picture shows a note I found very humorous from my 8 year old son that he left for himself at the breakfast table. Then the more I thought about it I began to feel sad that he was talking to himself this way and was getting down on himself because he couldn’t remember to […]

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The Debt Snowball Saved my Marriage: Spreadsheet Tell-all

For those buried under an avalanche of credit card, car, and personal debt you’ll never find anything as useful as the Debt Snowball or it’s many variants. A debt snowball is simple. You take all of your outstanding debts: credit cards, personal lines of credit, bank loans, student loans, car loans, 2nd mortgages, home equity lines of credit, overdraft credit lines (yes that’s debt too) and order them from the smallest amount owed to the largest amount owed.

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