Archive for the 'Paying Down Debt' Category

Irresponsible and unmindful spending leads to debt. Nowadays, people prefer to use their credit cards in purchasing instead of cash. Because of this, they tend to overspend and abuse the purchasing power their credit cards hold. Only when this unconscious habit has been translated into accumulated credit card notification letters do they realize their overindulgences. […]

2 Comments Guest on Nov 2nd 2013

If you’re in debt and are drowning in bills and demands, there are two important things you need to do. The first is to find ways to reduce your outgoings – which may involve asking yourself if you are packing the right credit card – in order to save money to put towards clearing your […]

2 Comments Guest on Mar 26th 2013

The following is a staff post by Crystal Stemberger. Financial freedom has been my ultimate goal since I started college in 2001. That was when I thought I’d be working in a white collar cubicle for 30-35 years, and be able to fall back on a nice pension when I decided to retire. By the […]

33 Comments Budgeting in the Fun Stuff on Nov 12th 2012

With recent bank promotions of 2.99% fixed for four years (some even for five years!), there have been a lot of discussions on whether it’s a better deal to go for a fixed-rate or not. What do you think? Better to go for a fixed-rate, or a variable-rate? In this post, I’ll compare both scenarios, […]

38 Comments Kevin on Apr 16th 2012

The following is a guest post from Marissa at Thirty Six Months where she talks about getting rid of her student debt and becoming financially independent. It is very unusual to find a graduate student in their 20’s these days without a mountain of debt, regardless of whether they worked through university or not. I […]

19 Comments Guest on Dec 22nd 2011

Last week, I talked about the three stages of financial despair. We all want to get out of the rat race, but before we get there, we need to get out of the hole and onto level ground. Financial freedom Financial independence is one of my life-long dreams. I don’t really believe in the “traditional […]

59 Comments Kevin on Dec 12th 2011

The road to financial independence isn’t always smooth and straight. There can be stumbling blocks along the way, and it’s also possible to end up on the road to financial despair. How do you know if you are on the right road? What are the three stages of financial despair? Neutral stage The neutral stage […]

23 Comments Kevin on Dec 5th 2011

The following is a guest post by Frank Collins. Most people run into financial difficulty at one time or another, when the money they have just does not stretch far enough to pay for all of the bills and expenses. Unfortunately, there is a tendency for these difficult times to snowball especially during more difficult […]

17 Comments Guest on Sep 1st 2011

Me: Baby, how much should I save, and why? Her: How much? A lot. Why? To make me happy. We each have our own reasons for saving… what are yours? How much should I save, and why? Before we can answer this question, we need to ask another question: What is my time preference? In […]

44 Comments Kevin on Aug 17th 2011

… would you give up the Internet? If it were permanent, I don’t think I’d give up the Internet. Here is what I would do, though, assuming that I didn’t lose half of it to tax confiscation right off the bat, which I probably would! These would be my first priorities, in alphabetical order: Business Put […]

38 Comments Kevin on Jul 19th 2011

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