Fair Debt Collection Practices: Your Rights

If you find yourself trying to get out of debt it can be overwhelming to know that you owe a great deal of money. It can be even more overwhelming when collectors contact you repeatedly in order to try and get you to pay. The good news is that you do have some rights. The [...]

Why a Good Credit Score Matters When You’re Not Borrowing

Why does a good credit score matter if you’re not planning to borrow any money? Many of us think that, as long as we already have a house, and we pay for our cars in cash, a good credit score doesn’t matter that much  Unfortunately, that’s just not the way the system works anymore. Your credit report [...]

The American Dream: A Fictional Story

Thanks to Danny Kofke, author of the book Live Wealthy With Little Money, for this portrayal of a family in debt. Jim and Laura are a typical American couple. They just got married last year after dating for four years. Jim is a manager of a local department store and Laura is a school- teacher. They [...]

The Pill to Cure Debt

Would you agree that taking a pill to cure us has become ingrained into our trips to the doctor?  When we’re in pain or sick we hope there’s a pill we can to make our troubles disappear. Sometimes it’s possible and the little purple, yellow, or pink pill our doctor prescribes us does make us [...]

10 Ways to Get Out of Debt

If you want to get out of debt–particularly a lot of debt–then you have to really want it.  I’m talking about flashing Rocky Balboa levels of intensity.  You have to make debt busting your second job.  Like losing weight, you’ll quickly learn that it’s hundreds of times harder to get out of debt than it [...]

Prenups & Beyond: 6 Tips for Money and Divorce

When you go through a divorce, you not only endure emotional bankruptcy, you could face financial bankruptcy as well.  Divorce is actually a common cause for bankruptcy in the US, more often for women than men.  Although divorce is the probably the last thing on your mind when you get engaged and get married there a [...]

Investing vs Paying Off Debt

Investing vs paying off debt is a decision that many of us are faced with but we’d like to avoid. We’d rather earn enough money to both pay off our debt and save signifigant sums of money at the same time. Unfortunately, that’s not the reality for many of us. Your Burden of Uncertainty If [...]

How to Lower Your Credit Card Interest Rates

Lowering the interest rate on your credit card is one of the top concerns for people who are stumbling under the weight of credit card debt.  So it’s no surprise that David Bach’s chapter seven in his new book “Debt Free for Life”, has the title of “How to Lower the Interest Rate on Your Credit [...]

Why You’ll Never Start an Emergency Fund

Emergency funds are like New Years Resolutions, everyone likes the idea of having them but not enough people actually put in the time and effort to see it through. If starting an emergency fund is something you want to do but have been putting off, I can’t really say I blame you.  It’s not easy [...]

How to Spend Money You Don’t Have

If you’ve ever bought a car or a house then you’ve probably spent money that you didn’t have.  Or if you have a credit card you might have paid for something without having the funds to back it up. A hundred years ago, or even several decades ago, it was pretty difficult to buy something [...]

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