If you still don't know how to manage your debts, you probably feel that the owner of your finances is a monster. But do not worry, in this article you will teach you some tips on how debt management programs work, their pros and cons, and the alternatives that will help you pay your debts.
Read MoreYou probably know that paying off debt is vital to your financial well-being. The question now is how to make it happen. Well, there are a few common ways.
You can try to earn more, of course, spend less, and even have some garage sales to help you out. All of those are great ideas, but what about paying off debt with retirement money? Is that a good idea, too?
Read MoreAt the risk of spoiling the ending for you, I’m not going to tell you whether you should pay off debt or invest your stimulus check, your next raise, your Christmas bonus, your inheritance, or any other money you may find yourself making decisions about. It’s your money. Your responsibility. Your life.
What I will do is suggest you take the time to think through several approaches before you decide what makes the most sense for you.
Read MoreThere are many debt apps available, but the following ten are some of the best. They are either free or budget-friendly. Some offer similar features, while others are different. Consider using several to create your own comprehensive debt management tool.
Read MoreIf you are wondering “How much debt is too much?”, let’s look at some warning signs that your debt is the wrong sort of debt, or too much debt, or otherwise out of control (or heading that way).
The goal isn’t to panic, or feel bad about our decisions, our bad luck, or how unfair the world can be. The goal is to take more effective control of our finances. That means figuring out what parts we can control and what taking better control could look like.
Read MoreOwning a house was once considered the ultimate dream. It was also a symbol of being completely independent because you could support yourself and own a house. Today, many people still dream of buying a house but it has become more difficult. When you plan for mortgage debt, you want to make sure you get the right mortgage for your financial position. You may unique needs as a home buyer and you should find the mortgage that fits those needs.
Read MoreThe United States has almost always carried some form of debt. Economists argued then and argue now about exactly how much debt is appropriate or productive. Almost all of them agree, however, that (for nations, at least) some debt is good. Drowning in debt is bad; debt free living is impossible – but a little national debt isn’t always a bad thing. Let’s take a look at national debt throughout the years and different presidents.
Read MoreGetting out of debt is one of the top resolutions on people’s lists every New Year’s. That’s not a bad thing at all. What is bad, however, is that it shows up on the resolutions list every year with no progress being made for most. Budgeting extra money for getting out of debt requires commitment and persistence. Otherwise, you will most likely find yourself in the same trouble with debt a year from now.
Read MoreCancellation of debt happens when a creditor alleviates a debtor from the obligation. It’s possible for debtors to discuss with a creditor directly in order to get debt forgiveness. It’s also possible to get cancellation of debt through a debt relief program or with a bankruptcy filing.
Read MoreTotal debt by state has increased over the years. In general, state debt increases due to spending habits or a decrease can come from income sources, such as taxes. Keep reading to find out in detail what’s the debt situation in all 50 states today.
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