Posts Tagged ‘debt’

Cash Only: One Route Out of Debt

There are more than a few ways to deal with credit card debt, as well as other financial crunches. More than a few financial gurus recommend making the switch to a cash-only lifestyle: getting rid of credit cards and using only the cash in your wallet to make purchases. There's a reason that the cash-only approach is so popular. If you stick to only cash, it's virtually impossible to add… Continue reading

February 3 2009 | By Thursday | Tagged: cash only, credit, debt | 22 comments»

7 Actions That Can Help Your Wallet in a Troubled Economy

While the economic sky is falling, it's still possible to make sure that your financial status is steady. In the past couple of weeks, I've been even more focused on the steps I'm taking to improve my personal finances. I've found a few actions that probably won't make you a millionaire — but they will ensure that a rocky economy doesn't have too much of an effect on your… Continue reading

October 2 2008 | By Thursday | Tagged: debt, personal finance, resumer | 21 comments»

Debt Is Slavery: Ten Lessons

J.D. Roth at GetRichSlowly reviews Michael Mihalik's 2007 book, Debt is Slavery (and 9 Other Things I Wish My Dad Had Taught Me About Money), by providing ten lessons he learned from the read. You would have come across these ideas before, but this roundup is good because it's simple and each lesson is important to staying out of debt and generating wealth. Save 50% of your salary. This is the… Continue reading

August 7 2007 | By Craig | Tagged: debt, Money | 6 comments»

How to gain financial peace of mind

Lifehack.org guest contributor and Zen Habits editor, Leo Babauta, gives some very practical advice about how to get your finances under control and gain some financial peace of mind. The following are my favorite take-aways from the list: Make your payments automatic. I’ve covered this before … it’s an great alternative to the above method. Instead of paying bills as they come in, you can set up automatic payments and automatic… Continue reading

April 4 2007 | By Kyle | Tagged: debt, finances, Money, saving | no comments»

Common Debt Reduction Mistakes

The No Credit Needed Blog gives some insight into the mistakes most commonly made when trying to climb out of debt. The foundation of the tips seems to be staying calm, protecting yourself and your assets, and creating a plan to get out of debt (not just going for broke trying to pay everything off at once). The following are my favorite tips from the list: Try… Continue reading

February 13 2007 | By Kyle | Tagged: debt, Management, Money, planning | 5 comments»

Debt Diet: Step-by-Step Action Plan

At Oprah.com, financial experts David Bach, Jean Chatzky and Glinda Bridgforth offer a step-by-step action plan to help you get rid of your debt. The plan has 8 steps, and they concentrate on calculating your essential costs and cut back your excess costs - and stick to your spending plan! It is all about save what you got to free yourself from financial problem sooner:

Step 1: How much debt do

July 24 2006 | By Leon | Tagged: debt, Money | 2 comments»

5 Tips for Getting Out of Debt (and Why)

When young people are first starting out in life, either as college students or young workers, debt looks like an easy solution to the shortage of money that seems to go with this period of life. It's only a temporary fix, however, and will set a person back in the long run. Suze Orman, in The Courage to Be Rich, points out the outrageous amount of money that… Continue reading

January 30 2006 | By Barbara | Tagged: debt, finance, Management, Money | 12 comments»