Bi-weekly mortgage payments

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Mortgage debt is often considered “good” debt, however that doesn’t mean you shouldn’t pay it off early. Good debt is still debt, therefore improving your personal finances includes knowing how to handle your mortgage debt. If you want to save money over the life of the loan, making bi-weekly payments might be the way to [...]

Short-Term Changes Improve Long-Term Living

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So many families are lamenting the recent recession, struggling with job loss, and feel powerless over debt. Frugality is no longer a word that carries the stigma it used to because more people have no choice but to change their ways. However, not everyone is taking the positive route to change their way of life. [...]

When Refinancing Your Vehicle Loan Makes Sense

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Cutting down on your expenses may be one method for saving some more money each month. For every amount of money you save, you can input more cash into savings or paying off other debts. Your fixed monthly expenses may be one area to review if you want to save some additional cash. One fixed [...]

3 Ways To Reduce Fixed Expenses

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When it comes to better money management and with a focus on debt elimination, you must regularly review what you are spending and find ways to cut back. Consumers have two types of expenses each month: fixed and variable. Variable expenses are the ones that change from month to month including groceries, gas, clothing, and [...]

What Is Your Debt-To-Income Ratio?

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If you don’t know the answer to this question, it’s time to get serious about your finances. A debt-to-income ratio is a key factor in your budgeting methods and if you are not clear on how your money is spent or how much you actually bring home, you will never be able to resist the [...]

Pros and Cons of Social Lending

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Social lending (also known as “peer-to-peer” or “person-to-person” lending) is a way for those who want to borrow or lend money, without having to go through the normal systems like traditional banks. Requesting a loan for school expenses, starting a business and buying a car aren’t always easy for people with bad credit or no [...]

A Money Coach Can Fix Your Finances

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Do you have problems with debt? Do you find yourself living from paycheck to paycheck? Are you genuinely confused about where your money goes every month? If you answered “yes” to the questions above then you could certainly benefit from the services of a money coach. Don’t confuse money coaching with personal financial planning or [...]

Why You Shouldn’t Borrow From Family

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If you are facing a financial hardship and find yourself wondering where you can turn for assistance, think twice before turning to your family or friends. While your loved ones may have the best intentions in mind when lending you money to help you through tough times, this help is often the root of future [...]

How To Write A Hardship Letter

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Anyone who has experienced a true financial hardship understands how frustrating and frightening this situation can be. When you find yourself in a position where the bills keep piling up and the phone begins to ring incessantly, you may feel there is nothing that can be done to remedy the situation. This is a common [...]

How To Get Debt Free With Credit Counseling

Get Debt Free

When you find yourself swimming in debt, it can be hard to know who to trust and where to turn.  With so many companies offering so many different programs to help you eliminate your debt, how will you know which one to work with? Start by conducting a search for Consumer Credit Counselors that are [...]