There are a number of ways that derail the best of intentions. Many find themselves on track with their savings and investments and well on their way to financial independence, then something happens. It might be something as simple as your “wants” getting in front of your “needs.” One of your “needs” is to provide […]

Why do people go into debt? Usually it is from ignorance of the eventual financial consequences. True enough, sometimes, unforeseen disasters occur that are completely out of a person’s control. This may include the loss of a job or gigantic health and medical bills that come out of nowhere. Usually these are rare exceptions. For […]

Why should you become debt free? After all, you felt that you needed that new car. And of course, your house must have furniture in it. A closet would be useless without a good stock of new shoes and clothes. Of course, you don’t have the money now, but you do have credit cards. Are […]

To stay mentally healthy. Clear thinking and peace of mind cannot be taken for granted. It is hard to have clarity of thought and difficult to make good, logical and well-reasoned financial decisions when you are stressed under a burden of heavy debt. To maintain a healthy marriage. Finances are said to be the number […]

One way to break free from the spending habit is to look at the credit in terms of total outstanding balances instead of minimum monthly payments. Each month, pay off all new charges on your cards, plus interest and a portion of the previous balance. You’ll reduce each month’s debt balance below the previous month’s. […]