Browsing Category: "How to Start Paying Off Debt"
Pay Off Debt and Enjoy Your Luxuries
It’s so easy to make the mistake of planning a budget that only covers the absolute essentials – mortgage, utilities, groceries, car payments, etc. Why is that a mistake? Simple: nobody can live like that for very long. Crash diets are healthy. Crash budgets are impractical.
So this is what to do. First, determine all the luxuries that you usually enjoy. Don’t hold back. If you need help remembering, check the receipts from your credit and debit cards for the past few months. Continue reading »
How to Start Paying Off Debt
“Neither a borrower nor a lender be; for loan oft loses both itself and friend.”
That’s a famous quote from William Shakespeare’s Hamlet and is some great advice, even in today’s world (actually, especially in today’s world). But apparently most individuals aren’t heeding that advice because in 2008 our total personal and household debt toppled 13.8 trillion – yes, that’s with a “T.” Continue reading »
