Sorry, Dave Ramsey, But You’re Wrong When It Comes to Debt Management There are a lot of misconceptions around the legitimacy of professional debt management programs these days. Take Dave Ramsey’s Truth About Debt Management article as an example. In his article, which we’ll dive into below, he talks about the risks involved in a …
by Maria Rivera Ever wondered if debt settlement may be right for you? Debt settlement is the process of lowering your debt by negotiating with your creditors to reduce your outstanding balance. It’s a risky option, and it’s one we don’t condone. Because most debt settlement companies are for-profit agencies or law firms, they rope you in with …
by Maria Rivera Are you tired of living paycheck to paycheck? It’s an existence that can make even the softest people hard. Maybe you’re content with simply trudging by each month, but I doubt it. Over 48 percent of Americans today owe more than they earn, and with a collective consumer debt of over $11 trillion, the number …
by Maria Rivera Know someone who might benefit from this graphic? Spread the word above or embed on your site! Thinking about playing the lottery? Think again. The odds of winning the Mega Millions jackpot are one in 259 million. To break that down even further, you’re more likely to A) be attacked by a shark, B) become …
by Maria Rivera 1. How to Break Bad Financial Habits “One way to stay on track is by setting periodic goals or a series of milestones that help you stick to and develop strong new habits. You might consider setting milestones for 30 days, 60 days, 90 days or more. These mini-goals can help with planning longer-term goals …
by Maria Rivera Are you having trouble keeping up with all those overdue bills? Perhaps you’re using one credit card to pay off another. Whatever the case may be, living beyond your means is not only stressful, it’s exhausting. Because you may be living a lifestyle that exceeds your budget and not even realize it, take a quick …
by rmi 1. They’re always saving People who are financially stable know that the number one rule to being good with money is to save — a lot. All the time. They curb their impulsive spending habits and instead put that money to productive use in a savings or investment account. 2. They set goals Debt-free people …
by rmi There’s been a lot of talk about the “debt ceiling” over the past few years. At a record high of $17.2 trillion, it’s no wonder. The debt ceiling is the U.S. government’s self-imposed borrowing limit. When Congress votes to “raise” the debt ceiling by a specific number, the Treasury Department is permitted to borrow up …
by rmi Did you know that the average American household has at least 15,000 in credit card debt? Because most Americans own more than one credit card, keeping tabs on them all can be difficult. There are plenty of legitimate reasons why people may face high credit card bills, and it’s important to remain positive in the …
by rmi 1. Dig Yourself Out of Debt Looking for ways to get out of credit card debt? This infographic shows you 5 ways to help put an end to your credit woes. Start by figuring out which cards have the highest interest rates and make it a priority to pay these off first. Also look into …
by rmi