Category: Debt

Learn how to avoid debt and how to pay your existing debt down

Debt, Family & Relationships

Will Relationship Debt Destroy You as a Couple?

I was just discussing with my wife how these days we have planning resources for just about everything in life. We have health plans, retirement plans, wedding planners, and estate planning. You can plan a vacation with experts and plan where to go to college with sage advice when you need it. But despite the fact that we have marriage counseling and credit counseling available, they always come after the problems arise. And for unmarried couples, well, it may not even exist. “Couple planning” is left to the couples themselves and it can be a huge task to get it right. If there’s relationship debt, it gets even more complicated.

Relationship debt puts a serious strain on married and cohabiting couples. Here's how couples can plan to avoid big debt.

Debt can quickly and easily become a source of contention between a couple. That’s why it’s important to deal with relationship debt proactively, before it becomes a destructive force.

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Debt

Credit Card Debt, Stimulus Checks, and Spending

Do you often wonder how other people seem to make ends meet and you struggle with them? I have to reluctantly admit that over the years, I would look around and ask myself questions like, “How the hell can they afford that car?“ or “Where did they get the money for those three weeks in Europe?”

The U.S. is mired in credit card debt, and government stimulus checks aren't going to save us. We need to control our spending.

I seemed to work my rear end off and yet somehow I was never quite there—where they were. I realize now what a waste of time beating myself up about that was, but I did it and I’m sure I wasn’t alone. In my older, wiser years, I now know that big debt often is the way it was accomplished.

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Debt

How Can You Ever Dig Yourself Out of Debt?

We’ve all been there. Looking at the bills that just keep coming in and not having the funds or means to pay for them all. Financial stress is truly one of the most all-consuming kinds of stress that there is. And when you have a big pile of debt, digging out of debt can seem impossible.

Digging out of debt isn’t easy, but it can be done. You simply need to follow these steps to make a plan and stick with it.

It lingers in your mind like a fog, spilling over into other areas of your life, making it hard to concentrate on other things until you’ve been able to make a plan to get yourself out of the mess you’re in. It’s difficult to get yourself out of killer debt, but I promise that eventually you will be out of this tough spot! It’s been done by many and it can be done by you. So what can you do and how do you start?

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Debt

Killer Debt and Its Effect on Your Dreams

Everyone wants to feel like they have accomplished at least some of the things they have dreamed about over their lifetimes. You can call it our goals, our wants, our desires, or even the big one: the American Dream. So what are the reasons we often struggle or fail in that pursuit?

Is debt killing your dreams? It is keeping you from the American Dream? If so, it's time to take control of your finances.

It’s not any secret when you think about it. The American Dream is most often killed by debt. The American Dream has been the gold standard for life here in the U.S. for a really long time. It is probably the number one motivator we all have even though we don’t think about it that way. It is the reason why we want a good paying job and the reason why we want more and spend more on ourselves and our families. Whether it’s a new car, a vacation, or the big one—a great home and backyard—it is why we get up and go to work every day. And that’s the rub; we want so much that we are willing to let debt kill our American Dream!

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Debt, Home

Is Mortgage Refinancing Now Really a No-Brainer?

Congratulations to me! (…and Mrs. Super Saving Tips, too). After seeing and hearing a year’s worth of promotions about mortgage refinancing and the all-time low interest rates, we finally took the plunge.

Mortgage refinancing rates are at near all-time lows, but is it the right time for you to refinance? Here's what you need to consider.

When homeowners are bombarded with news about “record low rates”, they often have one thought on their mind: “Is this the time to refinance?” I guess that I have asked myself that question many times over my lifetime and each time I wavier and hesitate until it becomes really crystal clear to me. This time is one of those times! Right now, I have to say that refinancing for almost everyone is on paper at least, really a no-brainer!

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Debt, Home

How to Choose a Great Home Lender for Your Mortgage

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Once upon a time, getting a home loan was as simple as walking down to the local bank, sitting down with the manager, shaking hands, and presto! You’ve got a home loan and your local bank was your home lender. That’s pretty much the way it used to be.

With low interest rates, it's prime time for getting a mortgage or refinancing your home. Here's how to find the right home lender for you.

Today, with the advent and popularity of online lending, times have really changed. Borrowers are now spoiled with so much info and so many choices! Right now (and how many times have you heard it over and over again in recent years) mortgage and refinancing rates are at really low numbers. With so many different lenders beating a path to your door and giving customers so much different information, how do you know when you’ve chosen a great deal from a great home lender? Well, wonder no more!

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Budgeting, Debt, Personal Finance, Saving & Investing

Why Is Your Road to Financial Freedom a Bumpy Path?

If you are reading this post, chances are that you already understand what debt is and even may be neck deep in debt right now. That might even be true for you if just a few months ago you were actually making a pretty healthy salary.

In your quest for financial freedom, there are some bumps you'll need to overcome. Here are the areas you'll need to cover to get financially straight.

There are some good reasons you could have for being in that condition. The first one being that you may have recently lost your job because of the pandemic and that has cut off your main source of income. That just about always spells economic disaster. If you were never really any good at saving money, certainly losing your job will make your financial situation a lot worse.

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Debt, Personal Finance, Saving & Investing

“March Madness” – Can You Believe More Fed Cuts?

Opinions are like noses: everyone has one and this one is mine. It’s official. The coronavirus has created complete chaos in our lives and the actions in Washington to combat it are literally creating a whole new “March madness” by the hour!

Another surprise Fed rate cut has happened, but will it help with the economy, much less the COVID-19 coronavirus?

I try really hard to avoid putting my 2 cents (formerly 3 cents before I suffered the recent stock market losses) in this blog about politics. Occasionally it slips in, but that occurs only when I feel it’s necessary. Today, it’s necessary.

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