Enemy of Debt: Where Behavior Meets Reality
Motivational Money Management
This week's class was called "Clause and Effect". It was about insurance. I know its a fun topic! Everyone loves talking about insurance. NOT. But it is a necessary evil in our lives and overall it makes our lives less risky. Who doesn't want to get rid of some risk in their life? Plus it really doesn't take long to figure out what type of insurance you need and put it in place. Once its done you can check it off your to do list for at least a year, if not forever. Read more »
A lot of people wonder what factors are used to determine their auto insurance rates. It’s taken for granted that auto insurance companies will likely give you higher rates if your driving record is pockmarked with accidents, infractions and other black marks. Additionally, matters such as age, criminal history and the type of car you own are also taken into account. However, for one reason or another, consumers don’t always understand the affect moving away can have on their auto insurance. They say location is important in real estate, but it can be just as vital in auto insurance. Even [...] Read more »
There are many great ways in which you can save money on your homeowners insurance – and it’s much easier than you might think. Here are a few suggestions to help you pump less money into your home insurance and more into the house itself. Consider Your Options The fastest and simplest way to reduce your expense is to get home insurance quotes from websites like moneysupermarket.com. This will give you the chance to compare the costs of your current policy with those of every other one on the market. All you need to do is enter the details of [...] Read more »
Photo Credit: kowaleski This is a guest post by Jeff Orloff. Cutting insurance altogether is never a good idea, even when you are trying to save money. Unfortunately, one of the biggest myths when it comes to insurance is that renters insurance isn’t necessary so many people take a pass in order to budget that money for something else even if it means leaving the possessions you have accumulated over your lifetime unprotected from theft or disaster. When it comes to renter’s insurance, there are many ways you can cut costs so that your possessions are protected while staying within [...] Read more »
Do You Hate Insurance? For most of my life I have HATED insurance. It always seemed to me that I was getting ripped off, especially if I never had an event to justify having it. You probably know what I am talking about. You drive your car for 5+ years without an accident, causing you to think more about all the money you have paid in, that seems to have just been flushed down the toilet. As much as I hate thinking about that I have learned that insurance is about transferring risk, and the cost that comes with that [...] Read more »
Hello and welcome to Enemy of Debt! I founded EOD in April of 2008 in an effort to motivate and inspire financial discipline by focusing on behavior and truth. By teaching personal responsibility, debt free principles, and the importance of planning people can learn how to take control of their finances one step at a time. I want to help! :)
My journey to debt freedom and financial independence began in January of 2008. We became sick and tired of living paycheck to paycheck and were finally mad enough to take action. At that time, we did not have any savings, knew very little about budgeting and were buried under $26,076.75 of debt.
In the first two months we were able to throw together our very first emergency fund ever of $2,000. It took us only 18 more months to eliminate the retched debt from our lives and I can proudly say we never plan to borrow another dime ever again, for any reason.Read more
