Don’t Let Your Credit Cards Get Out Of Control

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Credit cards are incredibly useful – in fact, they are almost a necessity. Just try to buy anything online, book a hotel or buy airline tickets without one, and you’ll quickly realize just how much you depend on them. However, you need to think of a credit card as a way of managing your cash flow over the month, not as a source of credit. If you compare the interest rate on a typical credit card...

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Posted in: Credit and Debt

How to Recover from a Holiday Shopping Binge

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When my husband and I were just married (and beyond broke), we only bought very small presents for each other and some presents for my mom that were within our budget.  However, when we got home for Christmas, my mom was beaming with pride as she showed us the many presents she had under the tree for us. Embarrassed by our small number of gifts for her, we went out shopping on Christmas Eve to give...

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Posted in: Credit and Debt

Christmas and the Debt Dilemma

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Many people are inundated with debt through their mortgage, lines of credit, or personal and credit card debts. Most people also live paycheck to paycheck, with minimal savings or investments, and have no idea how to get off the tread mill. It’s no wonder most people feel “there is no money left at the end of the month.” With the Christmas holidays coming up, it’s even more important not...

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Posted in: Credit and Debt

Student loans…One year later

I started paying off my student loans one year ago in November 2012.  Technically, this is the second round of repayment for me, due to my second degree, but it still marks the first year of my first aggressive attempt to pay it down.  I started with about $27,000 in student loans at 5.5% interest, calculated daily.  When I started repayment, my daily interest charge was well over $4.  That’s...

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Posted in: Credit and Debt
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