My New Choice

Similar to an earlier article about building emergency savings, many people wonder whether or not they should be saving for retirement while in the process of eliminating their debt.While the answer to this question will vary from person to person, there are a couple of general concepts to consider when deciding what is the appropriate [...]

Imagine what happens to a snowball as it rolls down a mountain. Are you picturing that snowball rolling down the mountain, getting larger and larger as it increases speed? Well, that is the idea behind the snowball method to eliminate credit card debt and other forms of consumer debt.
The first step in the [...]

Whether you are currently in the process of learning how to eliminate credit card debt or you consider yourself to be quite knowledgeable when it comes to credit cards, the following ten credit mistakes may give you some things to consider:

Closing Credit Card Accounts
Missing Payments
Settling With Your Lender on a Past due Account
Over Utilization of [...]

One tactic that has the potential to save you hundreds, if not thousands, of dollars in interest while eliminating your credit card debt is to take advantage of attractive balance transfer offers. However, there are some things to consider when using this approach.

Pay attention to any fees related to the balance transfer. In [...]

For those of you that are in the process of eliminating your debt or even for those that have yet to take that first step towards being debt free, do you have any level of emergency savings? Too often the answer to that question is no.

The standard rule of thumb is to have emergency [...]

When William Fogarty discovered that he had never delivered the money order to pay for his parking ticket, he promptly drafted a letter to the Norfolk, VA police department and enclosed his debt.  What makes this somewhat unique is the fact that the parking ticket was issued back in 1946.
$1 and debt free.
Would you have [...]

As I am sure many people are aware, you are now entitled to request a free credit report once every 12 months from each of the nationwide consumer credit reporting agencies: Equifax, Experian and Transunion.
While many people are aware of this fact, it is important to know the correct website to visit for this free [...]

Financial Independence / Retired Early.

Are you tired of your job? Would you prefer to spend each day pursuing your hobbies and personal interests? Have you taken the time to plan your future so you know when the day will come when you will be FIRE?

Too many people seem to plod along, working each day to keep up with the dollars that they are spending. Retirement? That is too far away to worry about now, or so they think. Unfortunately, when one is caught up in the consumerism of society and living above their means, the time for retirement will be at their doorstep and they will be ill prepared.