Debt
Articles Worth Reading
Saturday, May 3rd, 2008Is there relief for credit card holders on the horizon? Possibly.
The Fed has backed recent moves to stop credit card companies from: raising the APR on outstanding credit card balances; calculating additional interest on prior billing cycles in a practice called “double-cycle billing”; and more.
You can read the full article here:
==> Fed Backs Credit Card […]
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What Some People Will Do For Money
Friday, May 2nd, 2008I have a relative who has almost zero financial sense. She has money problems constantly. Here’s a sketch of where she’s at in life.
She works part-time. (She can barely keep a job. She has authority issues, and will lie at the drop of a hat to get out of work.)
She goes to school part-time, which […]
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Free Interview: Getting Inside the Head of a Christian Bankruptcy Attorney
Friday, April 11th, 2008As promised, yesterday I interviewed Jesse Aschenberg, a Christian bankruptcy attorney who specializes in Chapter 7 and 13 bankruptcies.
I want to thank you for being a loyal reader, so I’m going to give this audio interview to you for free. By taking a half hour to listen to this interview, you’ll learn:
The difference between Chapter […]
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Don’t You Hate Girls Like That?
Tuesday, April 8th, 2008As my sister and cousin stood in the kitchen, they looked at my wife and said, “Don’t you hate girls like that?”
They said it in a joking tone, but you could tell they weren’t entirely joking.
My wife has had three kids. And she looks pretty darn good. But she didn’t get fit watching TV and […]
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Peonage, Wage-Slavery, and the Nationalization of Banks
Sunday, March 16th, 2008Seeing as St. Patrick’s Day is tomorrow, I simply had to share this article with you entitled “Today We’re All Irish: Debt Serfdom Comes to America” by Ellen Brown.
It is an excellent article about different forms of slavery: the traditional kind (as Americans think of it), as well as the debt kind, which Ellen says […]
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Why People Stay in Debt
Saturday, March 15th, 2008In a previous post I covered the subject of how people get into debt. But here’s the next logical question:
Why do they stay in debt?
I’ve been thinking about this question a lot because I’m already in debt and I’m now trying to get out. The trouble is, I sometimes resist reducing my debt. Why would […]
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Outstanding Debt as of February 2008
Friday, February 22nd, 2008I have good news and bad news.
The good news is this: our debt went down over the last month, even if it was only a little bit. The bad news is that some debt was shifted from lower interest rates to higher interest rates.
How did this happen? Simple. We have to make our car payment […]
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You Know It’s Bad When…
Tuesday, February 12th, 2008The crushing weight of debt is affecting the economy more every day. Americans are increasingly finding themselves unable to pay even their mortgages or minimum payments.
This is becoming especially evident in the housing market where foreclosure rates are climbing. In light of declining home values, many home owners are choosing to walk away instead of […]
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Are You Committed? Really?
Friday, February 1st, 2008I went to lunch with a friend today. We met at Chipotle and chatted about the last few weeks. Of course, the subject of debt came up, because both he and I are in debt.
He asked me a few questions about my approach and what I’m doing to make progress. So I told him.
He also […]
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Bills That Are Okay to Pay Late
Tuesday, January 29th, 2008In your own debt reduction journey, you may discover that finances get tight occasionally. And during those times, it is helpful to know which bills are okay to pay late and which are not.
Let me say plainly that I believe you must make every effort to pay all your bills. If you have the financial […]
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