Discretionary income is money left over after you pay all your monthly bills. Having a debt plan to manage all your debts allows you to set the goals to pay them off. It is possible to become debt-free if you stay focused on your strategic plans. You must be consistent and have the willpower long enough to make a sincere effort.
Read MoreThe best thing we can do for ourselves and our families is to dig ourselves out of debt. I know from personal experience how impossible it may seem, but I am happy to say that it is possible. If you are ready to take action against your credit card debt instead of letting it control you, follow the steps in this guide to get a good start.
Read MoreAs interest rates go down, people take on more debt because it seems to make sense to them. They think about the current low and its interest rate. They do not seem to think about their total debt. Mortgages take up about 66 percent of all household debt.
Those numbers are staggering, but what does that mean for you? It means that you need to be aware of your own household debt and begin to work towards lowering it.
Read More
