Four Ways to Tackle Your Debt and How to Decide Which One is For You

tackle your debt

Did you think that to tackle your debt is simple and straight forward? Think again! You see, when we first realised how much debt we had all I wanted was that it disappears. Oh, I know this would have taken magic I regretfully don’t possess. It may have been done by going bankrupt were we ready to take the consequences. This wasn’t our way and we did it ‘the proper way’. We reduced our spending by developing and using the ERR strategy for money management. We learned how to make more money. And we put it all against the debt. […] Read more »

Getting Real To Get Out Of Debt

get out of debt

Editor’s note: The world can seem a bleak place when you are in debt. You look on your life, and the lives of the ones you love, and there is nothing than debt, strict budgeting and denial of your most sacred and cherished wants. It isn’t like that. There is life after debt and there is nothing like the story of a debt-survivor to make you see this. Today we bring you Jon’s debt story and hope you’ll be inspired. Jon is a fellow blogger who paid off his debt and is now building a decent investing portfolio. My name […] Read more »

A Conversation Overheard: Teenagers Ordering Pizza For The First Time

EnemyOfDebtPizza

Working at the kitchen table, I had my back to my twelve year old daughter and her friends who were watching TV in the living room. It was the first day of Spring Break, and they were excited for a week without school. I tried to tune out the sounds of whatever teenage girls usually talk about, when suddenly one of them said something that made my ears perk up. “We should order pizza!” The suggestion was meant to be a joke, but I listened to them begin to discuss some details such as what kind of pizza they would […] Read more »

7 Awesome Ways to Accelerate Your Savings and Build Wealth

Seven Awesome Ways to Accelerate Savings and Build Wealth

Most Americans are saving very little money, if any at all.  I know my savings have been harder to come by in recent years. Over the last few years my income was cut almost in half due to several factors.  On top of that, we were also paying cash for my wife’s bachelor’s and master’s degrees. Things got pretty tight there for a while. Saving money was not an easy thing to do, but we did manage to save a little periodically even though we were under the gun financially. Now my income is now returning to a much more […] Read more »

Debt Is A Temporary Condition – How Long It Lasts is Up To You!

EOD_DebtIsNotForeverPic

Today’s post is my contribution to the #DebtIsNotForever movement started by Jackie Beck over at The Debt Myth. You can participate as well by taking a picture of your “Why” you want to get out of debt, or why you’re working to get out of debt right now and posting it to her Facebook page. Check out this link for more details – Jackie is also hosting a giveaway for all that participate in the movement, and publicly take a stand against debt. Will you stand with us? Pain is temporary. It may last for a minute, or an hour, […] Read more »

Small Victories- Getting Out of Debt One Small Step At a Time

small victories get out of debt one step at a time

Getting out of debt can seem like a daunting task.  When you finally decide to take the step of getting yourself out of debt, it’s easy to be intimidated by the huge goal you’ve presented for yourself. And when you realize what you’re up against, you’re ready to give up on getting out of debt before you even get started. So how do you overcome that overwhelming feeling when you want to achieve your goal, but you’re so intimidated by all the work you know it will take to get it done? You have to chill out, take a step […] Read more »

Bad Debt Collectors and What You Can Do About Them

bad debt collectors collections

Dealing with bad debt is no fun. Dealing with a bad debt collector can be downright terrifying. When you have a bad debt that has gone to a collection agency it can be very easy to want to avoid the pain of the situation or even totally ignore it when you know you can’t possibly pay it.  That’s why some collectors of overdue debt will do everything they can to get your attention, even if it’s illegal. Most debt collection agencies are legit and strictly follow the rules set forth by the FTC  (Federal Trade Commission). However, there are plenty […] Read more »

A Black Friday Deal you WON’T believe!

Black Friday Loan Special

Good morning and Happy Thanksgiving! I hope your day is filled with family and board games along with tons of turkey and stuffing (I love stuffing). I should be entering receipts into YNAB right now. I usually check our bank account for my wife’s deposits at the same time but when I signed on to online banking I saw this: They are using the holidays as an excuse to sell you money Look, I understand if you don’t have enough money to purchase all the Christmas gifts you’d like to. Maybe you will borrow money to buy gifts this year, I’m […] Read more »

7 Ways You Can Stay Motivated to Get Out of Debt

7 ways to stay motivated to get out of debt resources

Over the years I’ve seen plenty of people get motivated to get out of debt, but they never end up following through with the process.  They are usually pretty fired up about getting out of debt and start out very motivated.  But not long after they start the process, their energy flags and it’s not long before they lose their motivation. I’ve seen a lot of other people make decent progress in paying down debt, but for whatever reason, they end up losing their focus and go back to their old habits, never finishing the get out of debt process.   How to […] Read more »

How to Get Ahead If You’re Living Paycheck to Paycheck (Part 2)

get ahead living paycheck to paycheck

In the first article in the series, I covered eight things that might cause you to end up trapped in a paycheck to paycheck life. In this second post, I’m going to show you a few things you can do to get your finances under control, stop spending more than you make, and end the paycheck to paycheck cycle for good. If you read the last article, at this point you’ve probably figured out some of the top reasons why you’re struggling financially. Once you understand those reasons, I explained that it was important to get your mindset right and […] Read more »

The Power Of A Support System

cheering

“Why does part of my brain keep wondering if I’m really going to be able to finish next week?” I asked my wife. At 8:00am on this coming Sunday the starting gun will fire, and I’ll begin a 26.2 mile run that is the Twin Cities Marathon. I’ve been training hard for the last 9 months, but a little piece of my consciousness seems to want to focus on how hard the last couple of long runs have been.   Then I think about how much further I have to run to complete the marathon and wonder if I’ll really be […] Read more »

How to Get Ahead if You’re Living Paycheck to Paycheck

get ahead living paycheck to paycheck

Some recent studies showed that more than two thirds of people are living paycheck to paycheck at least some of the time. That’s pretty incredible! It seems to be getting harder and harder to keep your head above water financially, and there is no lack of reasons why that’s happening. Some of it is because our attitudes about money have changed over the years.  Some of it is also because of the changing economy, and some of it is probably due to the fact that the world is rapidly changing, and some are getting left behind because they refuse to […] Read more »

How to Talk Yourself Out of Debt By Creating a New Script

How to Talk Yourself Out of Debt By Creating a New Script

Could it really be possible to talk yourself out of debt?  Can getting out of debt really be that easy? Actually, no, I don’t believe it is. Getting out of debt is not as easy as talking to yourself using the right words.  You have to take action as well. Even the bible says “In all toil there is profit, but mere talk tends only to poverty”- Proverbs 14:23   The Right Self Talk Helps But using the right kind of self talk can get you into the right mindset to change habits and get out of debt for good. […] Read more »