Debt


If you’re new here, you may want to learn what this site is about. I encourage you to subscribe to my RSS feed. Thanks for visiting!Sometimes I wonder: Have I always had personal finance conversations all the time? I don’t often initiate them, but money seems to be a constant topic, even when people [...]

[read all of A Credit Card is Not an Emergency Fund]

I will be debt-free by Christmas.
In just a few weeks, I will have repaid all my consumer debt. Only my mortgage will remain. It’s taken a lot of hard work and sacrifice, but the end is near. I’m wondering, though, if I’m ready for the transition.
For three years, I’ve focused on becoming debt-free. Many [...]

[read all of Ask the Readers: How to Live Debt-Free?]

Brad Reagan at Smart Money has advice on how to live debt-free. His article is really about how to get debt free, and it contains some useful tips.

Keeping your debt load as light and as cheap as possible is the key to a more secure future and to guilt-free spending on the things you need [...]

[read all of Smart Money on How to Live Debt-Free]

I’ve received several questions lately from young adults, just out of school, who are finding it difficult to make ends meet. Here’s one from Ryan, who is feeling overwhelmed by debt:

I’m 21 years old, working a full-time job and a part-time job, and going to school part-time on weekends and evenings.
After high school graduation, I [...]

[read all of Ask the Readers: Help! I’m in Debt!]

While on vacation I found time to read five personal finance books, each of which was good in its own way. Rather than swamp you with book reviews, I’m going to space them out over the next few weeks. Here’s the first.
One of my goals for the next two years is to write a book [...]

[read all of Book Review: Debt is Slavery]

This is a guest post from Kim McGrigg of Money Management International, the nation’s largest nonprofit credit and debt counseling firm.
I often warn consumers about the little things that can have a big impact on their credit score. Today, I’m in more of a “don’t sweat the small stuff” kind of a mood. [...]

[read all of An Imperfect Credit Score is Not the End of the World]

This guest post is by Leo Babauta of Zen Habits, one of my favorite blogs.
Most of the time, the standard advice about debt elimination is to pay it off incrementally, over a period of time. We’re advised to be patient, and to hold on tight until the day comes when we pay off our debt.
That’s [...]

[read all of How to Eliminate Debt in Bursts Instead of Incrementally]

“The Tim” is in a bind. He’d like to help his brother-in-law out of a tight spot, but he’s not interested in loaning him money. What are his options? Here’s his story:

My brother-in-law is currently in his third year of college at a private university. He is paying for his schooling without any financial assistance [...]

[read all of Ask the Readers: How Can You Help a Family Member in Financial Trouble WITHOUT Loaning Them Money?]

You guys are awesome. I’m scrambling to get things organized before I leave for London this weekend, and GRS readers continue to send me great story ideas and guest entries. I won’t get to all of them before I leave (not even close!), but you’ve given me lots of fodder for when I return.
Here’s one [...]

[read all of Gary Coleman Pitches Outrageous 99.25% APR Loans]

Monday’s collection of car links sparked more discussion than any link dump I’ve ever posted. A lot of you have strong opinions on the subject. Katie writes that all the talk about cars made her think about her own situation.

My husband and I have both saved enough money to cover the price of the new [...]

[read all of Ask the Readers: Should You Carry a Loan When You Can Afford Not To?]

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