Personal Debts: Should They Come First?

Sharon writes in: I created a debt repayment plan just as you suggested, but I had one real problem. I borrowed $1,000 from my mother

How To Lower Your Credit Card Interest Rates

When I was near my financial low point, I was literally paying hundreds a month in finance charges on my credit cards and needed to

Financial Windfalls and a Revelation About Debt

Earlier this week, I tossed out an interesting question to the people following me on Twitter: What would you do if someone gave you an

The Simple Dollar Weekly Roundup: Nature Exploration in Winter Edition

Suddenly, my three year old son is very interested in nature and the outdoors. He’s started noticing tons of things outside (even in the Iowa

Debt Reduction & Debt Relief Programs: What’s the Catch?

One of the most frequent issues that readers contact me about is more information about a debt reduction or debt elimination program that they heard

Is Debt Necessary For Generating Income?

“Margie” writes in: My husband and I are pretty frugal, but we currently carry about $25,000 in credit card debt and a personal loan. Our

Good Debt vs. Bad Debt

One of the most common ideas that personal finance writers bring up is the distinction between “good debt” and “bad debt.” There are several fairly

That First Taste of Financial Success

About a month after I hit bottom in terms of my debt, I sent in a large payment on one of my credit cards, a

Debt Freedom: A Personal Finance Startegy

I hear from a lot of readers who avidly follow Dave Ramsey. Many of them have taken his Financial Peace course, some got on board

The Big Debate #4: Pay Off Debt or Save for Retirement?

This week, The Simple Dollar is taking a deeper look at five common personal finance debates. Once a day or so, I’ll get a long

Looking at Debt Repayment as an Investment

Quite often on The Simple Dollar, I’ll mention the advantages of getting your debt paid down. For most debts, paying them down is the best

The Single Biggest Money Mistake I’ve Ever Made

The single biggest money mistake I’ve ever made was the day I decided that my future self would pay for stuff that I wanted (not

Debt Snowball Into Savings Or Pay Off Debt?

The idea of debt snowballing is a popular one: it pushes you to get rid of your debts and get on a financially stable playing

Got Credit Card Debt?

Jon writes in: I have a bunch of credit card debt spread across several different cards and I’m having a hard time getting started paying

12 Tactics On How To Get Rid Of Debt

Almost every day, someone writes to me with intimate details about their debt situation. Some of them are pretty mild and can easily be taken

A Portfolio of Credit Cards for Specific Purchases?

Jenelle wrote in recently and described her way of using credit cards: Unlike your advice to minimize your credit cards, I actually have eight open

You Can Do This

About two years ago, I had almost $17,000 in credit card debt. That added up to about a third of my salary at the time,

Pay Ahead on Your Mortgage or Investing?

Recently, I mentioned that I encouraged people to invest instead of paying ahead on their mortgage. It left me thinking quite a bit about debt