Category: Debt Reduction
Reduce Debt by Increasing Income
| November 4, 2006 | Posted by derek under Debt Reduction, General |
When you are trying to eliminate debt from your life, there are two components that have a direct influence on the time it will take to eliminate the debt: Reduce Monthly Expenses. One component to eliminating debt is the amount of your overall monthly expenditures. If you can find ways to reduce your monthly expenses,… continue reading
Wealth of Personal Finance Tips
| November 2, 2006 | Posted by derek under Debt Reduction, General |
Over at YourCreditAdvisor.com, there is a great article on 102 Personal Finance Tips Your Professor Never Taught You. Be sure to give it a good read as there are some outstanding tips, including a few of my favorites: Spend less than you earn. While it seems so simple, there are many people that do not… continue reading
Halloween Carnival
| October 31, 2006 | Posted by derek under Carnivals, Debt Reduction |
Technically, the current edition of the Carnival of Debt Reduction was posted yesterday but I am posting about it now so it is the Halloween Carnival. Check out the latest edition, hosted at My Money Forest. There are some nice posts this week, including: Money Under 30 writes about Two Radical Ways to Spend Less:… continue reading
9 Ways to Improve Your Credit Score
| October 19, 2006 | Posted by derek under Debt Reduction |
Over at MoreMerchant, there is a nice article that details 9 easy ways that you can improve your credit score. 2. Pay your bills on time. In my opinion, paying your bills on time is essential to maintaining a good credit score even while you are struggling with debt. When I was struggling with debt… continue reading
The Carnival of Debt Reduction #57
| October 16, 2006 | Posted by derek under Carnivals, Debt Reduction |
Welcome to the 57th Carnival of Debt Reduction, where we have some great article submissions this week on advice for getting out of debt and personal stories of debt reduction. I would like to take a moment to thank everyone for their submissions and to thank Mighty Bargain Hunter for the opportunity to host. On… continue reading
Current Carnivals
| September 25, 2006 | Posted by derek under Carnivals, Debt Reduction |
As a new week begins, I am participating in a couple of blog carnivals. Please take a moment to check out the current carnivals as there are some really great posts included this week: Carnival of Debt Reduction Carnival of Personal Finance Enjoy and please be sure to come back and share your thoughts on… continue reading
Would You Like an Extra $200 Per Month?
| September 23, 2006 | Posted by derek under Budgeting, Debt Reduction |
Did you receive an income tax refund last year? According to the Principal Financial Well-Being Index, 84% of the workers surveyed were expecting a refund on their 2005 state or federal taxes. With the average American household carrying about $8000 in credit card debt, the average tax refund of approximately $2500 could eliminate over 30%… continue reading
Being a Fool to Get Out of Debt
| September 15, 2006 | Posted by derek under Credit Cards, Debt Reduction, General |
When I graduated from college, I found myself with substantial student loan payments and credit card debt from my days in school. While I knew that something had to be done to get rid of my debt, I didn’t really know what to do. As I surfed the web, I had come across the Motley… continue reading
The Perils of an Overspending Spouse
| August 26, 2006 | Posted by derek under Debt Reduction, General |
For married couples, one of the vital ingredients to a successful debt reduction strategy is that both people maintain an open line of communication and share common goals. Unfortunately, it is far too common to hear of couples where one spouse is diligently working to reduce their debt while the other spouse continues to spend… continue reading
Should I Close My Credit Card After Paying the Balance?
| August 23, 2006 | Posted by derek under Credit Cards, Debt Reduction |
While working to eliminate you debt, you are likely to see numerous people that will recommend the practice of closing a credit card account once you have paid the balance in full. However, that may not always be in your best interest. Often times people will think that once an account has been paid off,… continue reading
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