Should I pay off my high-interest credit first or my card with the larger balance? Finding the solution that is best for you can be challenging. The following questions can assist in making that decision.
There’s an epidemic in today’s society. We are borrowing on our lives. And payment day is coming earlier and earlier. Is it sad, that at age 40-something :), I look forward to retirement. That in the same breath I fear it, simply because I have little (translated into none) savings at this point because every day, every week, every month, the cash flow that I do have pays for our basic living needs and ensuring that our kids get to have some opportunities in their lives?
I recently met with a couple who had to rely on the Bankruptcy system to get their feet back on the ground. We chatted about the cause of their financial difficulties and what they learned from the process. And I asked them what advice they would offer to the generation after them. What I heard was a familiar story. Not a story about how they overspent, took too many trips, bought too many things (although that is a story I hear sometimes), but a story about how life dealt them a hand, they decided which cards to keep and in retrospect, wish they had made a different choice. Ahhhh, life lessons! What would we do without them? My philosophy: If we didn’t make any mistakes our lives would be oh-so-boring. So, get ‘er done! Make as many as you can early on in life so you can make less in your later years. 🙂
What does a passionate business owner, a devoted home owner and a drug addict have in common?
I will admit, this is the start of a very bad attempt at a joke, and the punch line is, well, anything but punchy. The answer is, they are unwilling to let go of an addiction for their higher good. What brings this up you ask? Or maybe you didn’t, but I bet you are wondering, “what in the world is this girl talking about?”…
Oh my, the holidays are fast approaching. I can hear my wallet crying out my name… “open me, spend money, do it! do it! do it!. Fortunately I have a roll of duct tape...
Forget until death do us part, let’s talk about until debt do us part! – what happens when a couple separate and one person wants to keep the house? Who is responsible for the payments, and are they involved in the bankruptcy in anyway?
Have you ever driven home, pulled into the driveway, and realized that you don’t remember the drive home at all?! I remember one time I was driving and I suddenly came off of auto-pilot...
What we can learn from Deepak Choopra and from Timber Hawkeye on Money and Credit and Living with Enough.
I have to say that one of the most recent trends I am seeing concerns me greatly. Renting Furniture and Appliances! At first I thought I was misunderstanding. “So, if you don’t pay it, you lose the furniture and all of your money, correct?” I asked. The very distraught couple across from me, who according to their budget cannot afford the $300 per month they are paying for their furniture, nodded with sadness.
You divorced the fool…unfortunately not his debt…now what? ‘Till death do us part or ’till debt do us part?
There seems to be a common misconception about debt and who in a relationship is responsible for it. I’d like to take a few moments of your time and clear up some misconceptions if I may.
More
