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,
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
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.
I had a long conversation with a reader whose brother seemed to be caught in an endless cycle of payday loans. He works about thirty
I get this type of question all the time. A family member or a friend is trying to get a loan for some reason. Those
Let’s look at a “typical” mortgage. Right now, the average American mortgage is $235,000, so let’s use that as our baseline. The Seattle Times reports
It’s a pretty common story. Boy (or girl) wants something. Boy discovers that there’s easy credit available. Boy convinces self that they can just pay
Kim writes in: My dad told me that the best way to pay off a credit card is to pay it all off at once
Here’s some food for thought for those of you out there raising children and hoping to teach them good lessons about money. I was at
Financial meltdowns often start with a small thing – the figurative straw that breaks the camel’s back. I’ve read stories from readers about the many
When Sarah and I were married in 2003, we had a fairly low-cost ceremony. We rented a local Knights of Columbus hall for the reception,
Karen writes in: “I have an offer from a credit card company in which they pledge 0% interest for 15 months on a balance transfer.
Lately, I’ve seen many emails from readers asking me whether or not I think a particular debt is “okay” now that interest rates are so
A couple times a week, I’ll get an email from a reader asking some variation on this question: If I can refinance my house at
If you take out a $200,000 loan for 30 years at 4.5% interest, how much in debt are you? Some might argue that you’re only
A few weeks ago, I put out a call on Twitter and on Facebook for detailed posts that people would like to see. I got
Quite often, when I write answers to reader mailbag questions, I encourage people to keep pushing hard against their debts no matter the interest rate.
Carolyn writes in: For the longest time, I’ve been making larger than minimum payments on all of my debts. I got the idea from Suze