More and more students are going into debt for college, and it's killing them. An education is one of the greatest things you can have, for it is something that can never be taken away from you.
When many people plan to buy a house, they know part of the plan will be to get a mortgage. After all, not many people have the money to pay cash for a house. They think that a mortgage is good debt, because the value of the house will be increasing while the amount they owe on it will be decreasing as they pay the principal.
Financial disorders are a subset of the broader psychological disorders, and they ARE recognized by health professionals.
From the comments at workshops I conduct, and based on my clients' situations, $70,000 in debt, excluding a mortgage, is not that unusual for someone with student loans and car loans.
Parents are finding new ways to get their kids started off as a young adult without the burden of debt on their shoulders.
I know it's tempting. You get that check in the mail from your credit card company. They tell you to use it to pay your bills or use it to go and splurge. Don't do it! If you read the fine print, you'll find these checks are just like a cash advance on your credit card. A cash advance can have a sobering affect on your credit card balance.
I know, I know... we sometimes don't know what to do first. Walk the dog or wash the car? Vacuum the carpet or clean the bathrooms? Mow the lawn or trim the shrubs. Pay off debt or establish my emergency fund?
Often times people are confused about the interest rate when shopping for car loans and mortgages. Then they wonder if that rate can be compared to the interest they earn on an investment.
Cutting the deficit and government spending are something Democrats, Republicans and the Tea Party have in common. The problem is that what has been proposed isn't anywhere near enough!
In high school I worked in the Credit Department of a major corporation and knew first-hand what debt collectors do. This company did not hire outside debt collectors, as they hired their own to work in-house. Perhaps witnessing their tactics made me determined never to get into debt and pay all my bills on time.
I've always said that if you follow housing you follow the economy.
The first step to aiding our economy is to get those homes that are stuck in the foreclosure process to proceed.
Amazingly, consumer debt has decreased 8.6% since reaching it's peak in September, 2008. Converting that to dallars, that translates to over $1 trillion!
In Bright-Sided her premise is how we Americans are overly optimistic and how ironically this is crippling our well-being
Last week in "Life After Debt" I wrote about avoiding getting back into the debt trap. Another thing to consider as you're clawing your way out of debt is to be aware of how painful your situation is. Write these feelings down and keep them where you can review them from time to time.
So many times we pay off all our debt, only to find ourselves in the same situation a few months later. What can be done to ensure we stay out of debt?
You many not want to deal with the IRS, so you decide to put it on your credit card. This really isn't a good idea for several reasons
Isn't it interesting when you write a check to the IRS, if you were to put the two words "the" and "irs" together, it spells "theirs?"
With the recession and so many people out of work, it is becoming more and more difficult to keep your home. No one wants to lose the equity they've worked so hard to build.
With so many people communicating on social network sites, debt collectors are now searching these sights to find out more about the debtors they are trying to locate, including their addresses.
As they say, "Lightning strikes the outhouse as well." Some, and the emphasis is on the word some, card issuers are waiving some of their fees. These include Bank of America, Wells Fargo and American Express.