How to Use the “Snowflake” Strategy for Debt Repayment

When you’re facing a giant mountain of debt, it feels almost impossible to overcome it. When your total debt exceeds your household income, it can

09.24.14

How to Switch to Paying Cash for Your Car

In 2003, I purchased a 1997 Ford F-150 pickup. Given the financial disaster that my life was at the tiem, I “paid” for it entirely

Credit Card Interest Typically Compounds Daily – Here’s How to Take Advantage of That

A few weeks ago, I posted an article on the idea of interest that accrues daily. Here’s a brief explanation; check out the full post

Should Your Partner’s Debt Keep You Out of a Relationship?

Recently, a reader wrote to me with what would have been a stellar reader mailbag question except for the fact that it was full of

Rent vs. Buy: Which is Better?

Is it better to rent a place to live or to buy one? It’s a question that I get asked multiple times per week in

Alternatives to Payday Loans If You Need Cash Immediately

Payday loans are an incredibly poor deal for the customer. It’s a loan with an absurdly high interest rate. If you take out a payday

4 Steps to Take If You Loan Money to Friends or Family

This article first appeared at US News and World Report Money. A friend or a family member is struggling with a financial problem. That person

Does Good Debt Exist?

A long while ago, I wrote about the idea of good debt and bad debt: There are several fairly similar definitions of each kind of

Five Steps You Need to Take If Bill Collectors Are Contacting You

This article first appeared at U.S. News and World Report Money. You failed to pay a bill when you were out of work or you

Why Lending Money to Family Is a Bad Idea

I have very few fundamental rules of personal finance that I follow. Spend less than you earn is a big one, but once you get

Credit Card Debt Getting You Down?

This article first appeared on U.S. News and World Report Money. Personal finance writers, whether on the internet, in magazines, in books, or elsewhere, are

How to Pay Off Debt

There are few things quite as painful as looking ahead at your future and seeing nothing but debt. So many people today graduate from college

How to Fix Your Credit Properly

Sometimes, it seems like you can scarcely turn on your television or radio or web browser without seeing someone offering you a great solution to

“House Poor” Versus Controlling Your Own Destiny

Anyone who’s been awake to watch the changes in the economy over the last five years is familiar with the burst of the housing bubble.

Low Home Mortgage Rates and Early Payoff Info

Over the last few years, home mortgage rates have drifted up and down between 3% and 4.5% for a thirty year fixed rate loan. That’s

How to Deal with Debt Collectors: Your Consumer Rights

Money has been tight, there’s no doubt about it. The Great Recession has taken its toll. But even before a financial crisis shocked the economy,

Do Low Interest Loans Change the Rules For a Mortgage?

A lot of different “rules” are passed around regarding the size of a mortgage that a person or a family should take out in order

Debt Isn’t Required

Like a lot of people in my twenties, I spent much of that decade in a rush to saddle myself with a lot of debt.

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