When you start to realize that your debt is becoming insurmountable, as your finances currently stand, there really is nothing that describes the feeling quite like a spiral. It pulls your finances down,  your mental health down, and it can feel like you’re sinking with no options. That is not true, however. There are options,…

I’ve been thinking a lot about perseverance. Tenacity. Grit. I remember having so much trouble getting into a doctoral program, that once I was in, I was astonished by how often some folks would tell me the hard part was over, I just had to do it now. If I got in, it could be…

Debt can be a significant weight on your shoulders. Not only does it make it challenging to save for the future, but it can also be stressful and overwhelming. If you’re feeling overwhelmed by your debt, don’t worry – you’re not alone. Millions of people are struggling with debt every day. But that doesn’t mean…

When it comes to our finances, we all want to be in the best shape possible. But sometimes, life happens, and we can find ourselves in a difficult financial situation. If you’re struggling to get your finances under control, don’t worry – you’re not alone! In this blog post, we will discuss four ways that…

Debt is a lot more common than you imagine. In fact, a whopping 13% of Americans expect to be in debt for the rest of their lives. Does it mean that debt is unavoidable?  Well, not so fast. It is true that the collective American debt reaches about $14 trillion, which is a non-negligible sum.…

Image – CC0 License If you have debt, it’s safe to say that you are not alone. Debt has gradually risen to be at its highest level since the recession of 2008 and 2009. If you are looking to pay off your debt but also wonder if you should invest in a retirement savings account…

Source – CC0 License If you are struggling to manage your debt you need to find the best approaches that work for you. So let’s show you some of the best approaches to paying off debt quickly and effectively.  Paying Off the Most Expensive Debt First This is commonly known as the Debt Avalanche method.…

So sometimes when you’ve been blogging for 8+ years, it can be hard to find things to blog about (which has been extra obvious to me this year as I dropped down to one post a week from total computer burnout). But I had sort of forgotten that shortly after starting my blog, I actually…

Unsplash Getting into debt is a stressful experience, and once you’ve run up a few debts it can be hard to see your way out of it. To help you start reducing your debts today, try a few of these strategies and tips. 1 . Cut expenses where you can The first step to reducing…

Being in a large amount of debt can be stressful for you and your family. If you’re feeling worried about something, your children will likely pick up on how you’re feeling and become worried themselves (even if they don’t know what it is they are worried about). Plus, you won’t be fully present and engaged…

Being trapped in a cycle of debt is so exhausting. It feels like every month is a struggle to make ends meet and that big pile of debt never gets any smaller. The first thing you should do is go through your budget and cut out any unnecessary expenses to see if you can fix…

No one wants to end up in a position where they are bankrupt. Being on a blacklist for almost a decade and being stuck in a financial position where you can’t get so much as a payday loan is not a great place to be. To be stuck with a credit report reflecting bankruptcy can…

(Pixabay CC0) You already know how problematic debt can be if you are currently struggling to manage your finances. You will have less money to put into your savings Your credit score may have been negatively affected You may be restricted in what you can and can’t buy And as a consequence of the above,…

If you’re like most Americans, it’s likely that you have some sort of debt that needs to be paid off. No matter the source of your debt, eliminating it is beneficial for both your wallet and your credit report. The process of becoming debt-free is made much easier if you know what debt you should…

Being in any type of financial peril where you need to consider a loan happens to a majority of people. There is a chance that you have made some poor decisions that have ruined your credit score for the foreseeable future or didn’t wisely invest your money. You might be taking a look at bad credit…

A popular saying goes, “Anything worth doing is worth doing right.” Getting out of debt is no exception here. When you settle on a plan to eliminate your debt, you want to give it your all and maximize your chances of success. Debt management is essentially a form of consolidation, but instead of taking out…

Between three and four Americans out of five are living paycheck to paycheck. Only two in five say they could cover an unexpected bill of a thousand dollars or more from their existing savings. This creates significant demand for services like online installment loans that can provide cash now. We’ll discuss the pros and cons…

When you suffer some sort of serious injury, it can leave you sidelined, and in some cases, it might even leave you unable to work and earn a living. That’s when your physical problems can run head-first into your financial situation. It’s easy to start massing debts and feeling subsumed by the whole situation when…

5 When you sign up for a car finance loan, it’s a long-term commitment. You will allot a certain portion of your monthly salary to pay for the loan. When you fail to pay on time or if you skip monthly payments, you will end up with penalties and charges. You don’t want to face…

While having a credit card immediately puts you at risk of falling into the grips of debt, there are times when relying on credit is absolutely necessary. However, with a few money-savvy adjustments to your spending behaviour and a different approach to your available credit, you can effectively avoid debt while owning a credit card.…

Most everyone faces debt at some point in their lives. For most people, slowly paying off their debts is effective and they do not experience any true financial problems. Unfortunately, debt can sometimes unexpectedly get out of control. The loss of a job, a reduction in income, or a serious illness can all have a…

In what situations would you need to consolidate your debt and what is it? If you are struggling with debt repayments, it might be time to consider entering into some sort of debt consolidation plan. Debt consolidation can lower your monthly repayments, giving you room to breathe again financially and sometimes it can help you…

For many, credit card debt feels like a “can’t live with it, can’t live without it” situation. On one hand, using credit cards to pay for purchases helps you build your credit score—which is an important rating for many reasons. But credit cards come with a certain set of challenges, namely that they can easily…