Dictionary entry for debt

Student Loans 101: Vocabulary

Money and college can be confusing. Whether you’re just starting out on your college journey or dealing with student loans from years ago, here is a

Student Loan Forgiveness: Move to a Place that Pays Your Loans

Dealing with student loan debt can seem unbearable and overwhelming. As mentioned in the article, 15 Ways To Deal with Student Loan Debt, the average

15 Ways to Deal with Student Loan Debt

Dealing with student loan debt is tough. You’re probably no stranger to the student loan crisis we’re facing with $1.2 trillion and growing in debt.

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


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

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