If you are like the average household in the United States, you are carrying more than $15,000 in credit card debt. How does that make you feel, well, more than anything I hope you feel a sense of relief in not being alone in debt. It doesn’t matter how you got to this point, what is important is what you do next. Establishing your financial freedom by paying off your debt is one of the most powerful moves you can make. The less debt you are into others, the more power you have over your life and your future. What strategies should you pursue to become debt free and life abundant? Contine reading
Whether you are currently struggling to make ends meet or simply want to make an already healthy financial situation even better, there’s nothing wrong with assessing your money management. You could be pleasantly surprised by how much you can save and with how little difficulty. Once you have put a few procedures in place, the savings can soon start stacking up – to the extent that you might even be able to start affording things that had previously been beyond your reach. Contine reading
Credit cards, student loans, housing loans – all of these can land you pretty deep in debt, and often it would feel like you’re only working so you can pay it all off, leaving you with little to no savings at all. Getting out of debt can seem insurmountable and take years, even decades to do, but it is possible. Here are some of the easiest ways to pay off your debts. Contine reading
If you have a medical problem you know that medical debt can add up quickly, even if you have insurance. Insurance doesn’t cover everything. There are co-pays and things that aren’t covered at all.
Credit will play a major part in your life. The difference between a life of ease knowing that your credit is squeaky clean, and a life of anxiety knowing that your credit is awful, is as comparative as night and day. Which would you prefer, right?
Maintaining a home and family is possible with bad credit, but it is not an easy task to achieve in America. Bad credit makes buying a house or car more difficult. In some circumstances, a low credit rating can affect one’s employment opportunities. Contine reading
When it comes to having a healthy financial lifestyle, the first thing that you need to take into consideration is how much debt you are in. No matter how big your salary is if you have more debt than income you have a poor state of financial health.
In order to take control of your finances the first step is taking control of your debt. Once you have a made a total assessment of how much money you owe across the board, here are the steps you need to take in order to reduce your debt. Contine reading
There’s been a huge explosion in lending to people who have poor credit records in recent years. After the financial crisis of 2009, the mainstream banks strangled the credit market by tightening their lending criteria, locking out hundreds of thousands of people who may have only had a little financial difficulty in the past.
So, you have some debt. Maybe you went a little crazy with credit cards in your 20s, or maybe you went through a rough divorce. Whatever the reason for your bad credit, the only way out of it is to start paying off those bills, getting your credit cards out of max, and dealing with debt collectors.
Combining finances can be a touchy subject for couples, posing many important questions. Is it necessary to combine your accounts? What if one person makes more money than the other? What if you have kids or buy a house? Depending on the circumstances, it may feel easier to manage your money together, but that doesn’t mean the transition will be stress free. Contine reading