Debt

It’s a brand new year, and the world is full of people who have made it a financial goal to pay down their debt. While making debt paydown a priority can be good for your finances and your life, it also makes sense to take a step back and consider the way you are looking …

When it comes to paying down debt, we often focus on how much we can save in interest. However, we often forget that there are some types of debt that actually come with tax advantages. While it’s not exactly a dollar-for-dollar benefit, the reality is that the financial impact of interest can be reduced when …

One of the problems with paying down debt is that other things sometimes get in the way. Then it becomes difficult, because we often feel as though we aren’t making the progress we would like. However, if you want to be successful, you need to make debt paydown a priority. Often, one of the reasons …

One of the basic tenets of personal finance is that it’s vital that you pay off your debt. In general, debt is viewed negatively. However, there might be times when debt can be a good thing — or at least a Not So Bad thing. If you’re going to use debt to further your finances, …

Unfortunately, the cost of college keeps rising. While you don’t necessarily need a degree to succeed in your career, many people see still some type of higher education as the key to success later in life. If you are pinning your hopes for future success on the outcome of attending college, then there’s a good …

As counter-intuitive as it might seem, your credit card issuers might actually be able to help you pay off your debt faster. One of the tools you can use as you create a debt reduction plan is your credit card statement. Each month, your credit card issuer provides you with helpful insight into how you …

In some circles, there is the idea that all debt is bad, and that it should all be paid off as soon as possible. For some time, I felt that way, too. (There’s nothing wrong with feeling that way, either. You manage your money in a way that works for you.) However, I started differentiating …

One of the questions that many consumers ask as they wrestle with the realities of debt repayment is which debt to tackle first. There are different schools of thought, with some insisting that you start with the debt that has the lowest balance, and others insisting that you rank your debts in order of highest …

You’ve probably heard commercials on the radio, or seen ads on the Internet: You can get rid of your debt, paying just pennies on the dollar for what you owe. These types of offers are typically the result of debt settlement efforts. In some cases, the promises are true; there are some companies that can …

There is a lot of talk about how important it is to pay down your debt in order to improve your life and your financial situation. Most of this debt advice focuses around paying off your debt as quickly as possible. But what if you aren’t interested in drastically changing your lifestyle in order to …

One of the problems with staying debt free once you have made solid progress is that it can be tempting to slip back into your old ways. In reality, debt is more of a symptom than a problem. The real problem might actually be how you manage money. Debt as a Symptom of the Problem …

As we approach a brand new year, you have the chance to renew your commitment to pay down debt. By the time December (with its holiday spending) rolls around, it’s common for the debt repayment plan to kind of fall to the wayside. Now, though, you can re-commit, and create a plan to boost your …

One of the most stressful financial situations that many of us face is that of debt. Debt can be a very stressful situation, and it can strain your relationships and even impact your health. If you want to improve your life, as well as improve your finances, you need to consider how you can pay …

One of the ways that you can improve your financial situation, as well as improve your credit, is to pay down debt. Paying down debt can boost your credit score, and it puts you in a better financial situation. As long as you have debt — especially high priced credit card debt — you are …