Why Alternative Loan Solutions are Dangerous for the Financially Illiterate

People are considered to be financially illiterate when they lack the education and understanding of fiscal matters and the existing relationship between the financial decisions they make and their future. Financially illiterate people are characterized by the inability to manage personal and commercial financial matters efficiently. Such matters entail insurance, real estate, investment, retirement, and […]

Mortgage Basics (and two great strategies to annoy your banker)

Mortgages. Even the name sounds like someone attaching chains to your legs, doesn’t it? But there’s good news: mortgages don’t have to be ominous, and if you do them wisely, you can come out ahead on your mortgage decision. Let’s start with what a typical mortgage looks like and then we’ll talk about some strategies […]

Can Debt Settlement Be Your Way Out of Debt?

Debt is a serious problem for more than 50 percent of the households in the United States. But before we can talk about a way out of debt, you must understand the mechanism for getting into debt. Is Credit Really Your Friend? If you’re like most people you’ll find your mail box full of pre-approved […]

Don’t Hit The Panic Button! How Financial Woes Can Be Solved With A Second Set of Eyes

Things are looking bad. Every turn you make with your accounts erupts in problems, and overdrafts. There is no feeling like failing financially. There are few things more burdensome. But there is hope, and the answer isn’t to make more money. The answer lies in understanding a few financial principles well, and executing them well.

How to Prioritize Debt Payments

One of the biggest questions out there is how does one prioritize debt payments. Should I pay my student loans off first or my credit card? Should I be simultaneously putting money aside towards my savings with a 401k or Roth IRA? These are all great questions to ask, and the answers are crucial to […]

Build a Budget That Works: Part Three

Today is part three of the ”Build a Budget That Works” series. Check out parts One and Two! Once you’ve calculated your budget based on your three expenses it’s likely now time to make some changes. Because ever situation is very personal, I can only make suggestions rather than tell you exactly what to do […]

How To Build a Budget That Works: Part One

If I’m being honest-and honesty is something I rely on blogging for-I didn’t have a budget most of my life. I had NO idea how to manage money. None. Zip. Zilch. I was totally clueless about money and what to do with it. Sure I knew people put money in savings accounts but growing up […]

How to Have Fun While in Debt

One of the toughest parts about getting out of debt is having to miss out on social events. Socializing can be very expensive depending on what you choose to do. My husband’s best friend is getting married next weekend. This past weekend was the bachelor party and a stark reminder about how expensive socializing can […]

How to Manage Debt in Your Marriage

Something I know a thing or two about is debt and marriage. I’ve been with my husband for 11 years, married four. In our relationship, there is no ‘’his’’ and ‘’mine’’ in terms of finances. For everything else, what’s mine is mine and what’s his is mine. I kid! We manage everything together. Given that […]

Finding Motivation For Debt Repayment

When one decides they want to get out of debt, I’m talking making a serious commitment to it, there is usually a motivating force behind it. Though some people are self-motivated when it comes to debt repayment, more often than not, people need a motivating factor to help push them along their debt repayment efforts. […]