Bad Debt Leads To A Bad Job And A Rough Life
Chris felt like he had been kicked in the stomach when he saw how much he and Lisa would have to pay each month. “How are we going to make it? We have almost no disposable income as it is after car payments and insurance and the credit card!” Lisa tried to calm him down and told him that “things will work out somehow, they always do,” but Chris was inconsolable. “I’ll just have to get a better job,
Creditors Have Better Memories Than Debtors
It appears that you’re new here. If you like this content, subscribe to my feed via RSS or Email and you can keep up with all the new posts.If you aren’t sure how to use an RSS feed, read this post.Creditors have better memories than debtors.
—– Benjamin Franklin, Poor Richard’s Almanac (1758)
Have you ever lent [...]
My Top 5 Personal Finance Blunders
NOTE: This post was graciously included in the 3rd Anniversary of the Carnival of Personal Finance #157 as an EDITOR’S CHOICE at Consumerism Commentary. Many thanks to Flexo for hosting. Be sure and subscribe to Consumerism Commentary via RSS or email.
I’ve written some posts in the past few months about 7 bad decisions I [...]
Book Review: Millionaire By Thirty
Millionaire by Thirty: The Quickest Path to Early Financial Independence was written by Douglas R. Andrew and his two sons, Emron and Aaron.
The book takes a different approach than many financial authors in that it doesn’t advocate cutting up your credit cards, paying off all your debt, or discouraging you from drinking a latte every [...]
My Credit Card Is Dead! Long Live Freedom!
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Today, my credit [...]
How I Handled A Collections Letter
Receiving a collections letter doesn’t have to be the heart stopping event that it usually is for most people. Collections letters are designed for one thing: to collect a debt. How a collections letter does that is through fear, intimidation, and sometimes threats.
7 Solid Tips For Living Debt Free
Editor’s Note: This post was included in the Carnival of Personal Finance at Lazy Man and Money. Be sure and check out the carnival!
One of the comments from yesterday’s post asked for more specific tips for staying debt free.
I’d be interested in you posting a follow up to this story once you get some tips.
My [...]
The Beginner’s Guide to Living Debt Free
D-day is fast approaching. Debt Day. The way I calculate it, I could very easily be debt free within 12 months, sooner if I drained my 6 month emergency fund, cashed in some brokerage accounts, cut out vacations, and took the kids out of private school. I’ll pass on those and just settle for a [...]
6 Simple Financial Tools
In physics, there are 6 simple machines that help accomplish work through the application of a single force. I was struck by how different financial tools nest quite nicely with the same line of thought. Here are the 6 simple machines and how they apply to our finances:
The inclined plane is a flat surface with [...]
24 Signs You May Be A Mega Consumer
Mega Consumers appear to be the driving force in the US economy. Everything hinges on the consumer: the auto industry, the home building industry, the retail industry, the restaurant industry, even the banking industry. Your government thinks so much of consumers, they have sent out “stimulus” checks.
Frugal websites abound with tips and techniques that try [...]
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