Credit Cards

The Road to Financial Armageddon #9: The Road to Recovery

Yesterday, I described my financial meltdown, when I reached a point where there was more money going out each month than coming in with no real hope for redemption without a change from within. Then, thanks to some inspiration, I made that change. The first thing I did was I laid out every single expense …

Introductory Credit Card Offers: Risks & Rewards

One advantage of building a strong credit rating is that you begin to receive many credit card offers with introductory 0% APR for six months or a year. These cards are great if you’re carrying a balance on another card; request a balance transfer when you sign up and the interest goes away. Of course, …

The Road to Financial Armageddon #8: Meltdown

Yesterday, I detailed the impact of a baby on my downward financial spiral; suffice it to say, the finances were not good. Everything was set up for a collapse and I inched up to the precipice, largely oblivious of how close I was to the lip of Mount Doom. The most fundamental problem was that …

The Road to Financial Armageddon #7: Here Comes Baby

Yesterday, I talked about the period in my life where my wife and I spent money like it was going out of style in order to obtain a “yuppie” lifestyle. Then, that magic moment happened: we took a home pregnancy test and discovered that a little one was on the way. I can remember that …

The Road To Financial Armageddon #6: The Yuppie Years

On Saturday, we learned how love and marriage caused me to sink even deeper into a financial hole I was digging for myself. I had hopes that as a married couple we would begin to get our financial house in order, but it was not to be. My first big mistake is that I bought …

The Road To Financial Armageddon #5: Love and Marriage

Yesterday, we learned about my immature behavior in handling a large steady income. I was starting to sink further into debt without really acquiring any assets, and I was building up a lifestyle based around extremely poor spending decisions. Yet, I was about to embark on a path that would make matters much worse. I …

The Road to Financial Armageddon #4: The First Taste of Real Money

Yesterday, we watched as I stumbled through college making a series of classic financial errors. Yet I finished (albeit in six years) with a pair of degrees, and I was able to find work utilizing both of them. I was suddenly making more money per year than my parents had made combined in any year, …

The One Month Challenge

I used to waste tons of money on silly little things. I did it so often and so regularly that I didn’t even realize that it was adding up to a huge dent in my finances. A pack of Tic-Tacs here, a CD there, a DVD here, a new book there… it wasn’t long before …

14 Ways Your Computer Can Put Money In Your Pocket

If you’re reading this, you likely have ready access to a computer with an internet connection. Most people are aware of a few ways that a personal computer can save them money, but there really are a plethora of simple, ethical ways that anyone can use a computer to make a few dollars. Here is …

What’s In My Wallet? And What Should Be In Yours?

After seeing yet another of those ubiquitous CapitalOne “What’s in your wallet?” ads, I decided to write about the one credit card that’s in my wallet (now that I’ve learned some hard lessons about the dangers of them). I route almost every minor purchase I make through a Chase amazon.com credit card for which I …

I’m In Big Financial Trouble – Where Do I Start?

Several months ago, I sat down with my finances and took a good hard look at things. I was in approximately $10,000 of credit card debt spread out over three cards, and that’s not counting my student loans or vehicle loans. I also had no money in savings and – even scarier – I wanted …