Occasionally, debt might be useful. However, it can also often be dangerous. Debt has the uncanny ability to slowly take over your finances without you even noticing until suddenly it becomes a massive problem and spirals out of control. Debt Creep If you've done much lawn care, you're probably familiar with how different weeds can 'creep.' They slowly inch their way onto your lawn, . . .
Debt can be destructive. The interest you pay on your debt can consume your net worth and income, and the monthly payments on your debt can make it hard to make it from one paycheck to the next. Dave Ramsey and other finance experts are quick to condemn debt. Yet, we often hear about 'good debt.' Does such a thing exist? Or is all debt bad? Debt on a Spectrum Of course, not all debt is . . .
If you are in debt, you might be happy where you're at. However, there's a good chance that you've come to despise your debt and have resolved to live debt free. In this case, there are a number of strategies to pay off your debt. You could just make minimum payments on all your debt. This would be the least painful in the short-term, but of course would mean staying in debt for longer. To pay off . . .
Credit cards are everywhere in our society, yet they can be a touchy subject. And although many people use credit cards, few people really know how credit cards work. Credit cards are convenient and easy and come with several perks, and they have ruined people's finances in the blink of an eye. They can be a superhighway to high interest consumer debt that is near impossible to get out of. Some . . .
Much of the United States depends on car loans to finance their vehicle purchases. According to credit rating agency Experian, over 80% of new cars and roughly 55% of used car purchases are financed. So if everybody's doing it, it must be smart, right? Taking out a Loan The obvious advantage of financing a car purchase is being able to get a nicer, newer car than you would have been able to . . .
Choosing to live debt free can be one of the most liberating choices you'll make, impacting far beyond your finances. A debt free life makes you flexible and resilient and frees you from lots of worry. Perhaps you've never been in debt before, or perhaps you've paid off all your debt. Or you might be currently paying off your debt, with the debt free life as your goal. Either way, having . . .
The deeper you go into the financial world, the more you hear about the credit score. Everybody wants you to want to know what your number is. The way people talk about it, your entire financial future is dependent on your score. Even John Oliver did a (surprisingly informative) episode on it. Maybe they've gotten to you and you now obsess about those three numbers, or maybe you just don't care. . . .
Money doesn't make you happy. Endlessly pursuing more money will likely rob you of your life and time and make you miserable. But sometimes, working a little extra at a part time job or freelance gigs for a temporary income boost makes sense. Emergency Fund If you don't have an adequate emergency fund, you're leaving yourself vulnerable to the emergencies and curve balls that life likes to . . .
Dealers seem to be pushing car leases harder than ever. If you've never leased a car before, you're probably wondering if they are worth it. You might be tempted by the lower monthly payments. Or, you might have heard that leasing a car is throwing your money away, and have never given car leases a second thought. And if you're currently leasing a car, you should ask yourself if it's really the . . .
Going into a holiday weekend seems like a good time to address a reader's question about timeshares and vacation clubs. What are they, what's the difference between the two, and is one better than the other? What Are They? Arguably, vacation clubs are just another name for timeshares. It seems that big hotel and resort chains started vacation clubs in response to timeshares' bad . . .