5 Reasons People May Overspend With Credit Cards

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Staying out of debt is as easy as spending less than you earn. Sounds simple, right? If it’s so simple, why do so many people find themselves over their heads in debt? Sometimes life just happens. An unexpected catastrophe, or medical emergency and you’ve got enough debt racked up for a lifetime. In other cases people just consistently overspend, and find themselves waking up one day saying, “How did I get here?” Having paid off over $109,000 in credit card debt, I know a little something about the latter situation. So how do people get into such a situation? Why […] Read more »

Book Review: Hustle Away Debt

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What’s the first thing you do when an unexpected expense pops up, or if extra room needs to be cleared in the budget? If you’re like most people, you tighten the spending belt. The entertainment budget gets cut, and monthly expenses are scoured for things that can be discontinued. When faced with a financial dilemma, most people will free up funds in their budget by cutting spending. What doesn’t occur to most people is that there’s another choice. Instead of slashing spending, why not increase income? Cutting spending generally means lifestyle deflation because there are less discretionary funds available. But […] Read more »

Get Out of Debt – Focus on Big Chunks

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Get out of debt by focusing on the big chunks

Okay, the term "big chunks" doesn't sound like it would appear in a magazine article or economics course textbook, but it should express the idea clearly for most of us; we need to focus on getting out from underneath those elements of our debt that are large and burdensome. In other words, the most serious of our concerns. Read more »