Peer to peer lending has been a hot topic on personal finance blogs for the last year or so. Lots of people are promoting it as a good way to make decent returns on your money – even in a tough economy like we’re in (Some might argue that it’s because of the hard times we’re […]
Personal Finance Bible Verse Of The Day: Not Paying Your Debts
It is better that you should not vow than that you should vow and not pay – Ecclesiastes 5:5 In this day and age it seems to have become more and more common for people to live above their means, and to use credit and debt to increase their lifestyle. Instead of saving up for […]
New Legislation Will Bring Changes To The Credit Card Industry
If you’ve been reading this blog for any period of time, you probably know that I’m not a huge fan of credit cards. As a Dave Ramsey fan and facilitator for his Financial Peace University class, you’d probably understand why. In general I think that using debt and credit are just poor ways to get […]
If You Were Strapped For Cash, How Far Would You Go To Make Money?
Times Are Tough, And So Is Finding A New Job We’re living in a down economy and thousands of people have lost their jobs. Budgets are tight! A lot of people are struggling to make ends meet, and they’re having to find new ways to make money. While listening to the radio this morning on […]
Are You Participating In All The Doom And Gloom? Don’t! Have Hope.
Ever since last September our (or arguably before then) our economy has been in a downturn. Big companies, small lenders and consumers all engaged in irresponsible behaviors that resulted in the failure of businesses, and necessitated the bailouts of many others. People are being laid off left and right, and things are extremely tight! So […]
Are You Emotionally Invested In Your Credit Card?
I was listening to the Dave Ramsey show on my way to work this morning, and Dave was talking to a caller on his show that had just taken the plunge, pledged to go no further into debt and then cut up his credit cards. He was talking about how it had been extremely hard […]
Accountability: Sometimes You Need Someone To Slap You On The Back Of Your Head
When we were taking Dave Ramsey’s personal finance course, “Financial Peace University” last year, one of the things he stresses in his course is the need to have someone in your life who can keep you accountable for your financial goals. For single people it might be a close friend, a mentor or a parent. […]
Where Dave Ramsey and I Part Ways
We’ve all been following Pete’s series on Dave Ramsey’s baby steps program with the utmost interest. As someone that has never struggled with debt, the need for the program has never presented itself to me. However I discovered his radio show in college, and really like the call-ins from listeners with financial problems. The show […]
Dave Ramsey’s 7 Baby Steps Review: Get Out Of Debt, Build Wealth And Give.
This is a complete review of Dave Ramsey’s Baby Steps plan for getting out of debt, building wealth and giving.
Tip: The Credit Card Companies Are Not Your Friend, They Just Want Your Money
I’ve noticed lately that the credit card companies are using a new tactic (or at least new to me). They’re doing things for cardholders that on the surface appear to be helpful in order to make you think that they’re on your side. They’re you’re friend, and they’re here to help you! I’ve seen a […]
Pay Off All Debts Smallest To Largest Using The Debt Snowball
The debt snowball has been touted as one of the most effective ways for people to pay off debt. Here’s how it works, and some pros and cons
$1000 To Start A Small Emergency Fund: Is It Enough?
Some financial gurus suggest that you save $1000 for an emergency fund before getting in to hardcore debt reduction. Is it enough?
When Canceling A Credit Card, Be Ready For The Emotional Appeals To Stay
I recently called to cancel an old American Express card. The moment I got on the phone, the appeals to stay started.
5 Keys To Overcoming The Urge To Splurge
Christmas Is For Debt? Christmas will soon be upon us with all of the good cheer, family get-togethers and presents! All of the big department stores are already in full-on Christmas mode, with aisles upon aisles of decorations in the front of the store and Christmas music pumping over the PA systems. It’s hard not […]
