A woman came in to my office the other day and asked this exact question. Actually, she didn’t ask the question – I did.
She had $50,000 in credit card debt (clicking away at 12%). What surprised me was that she had the $50,000 to pay off the credit card debt, but she didn’t plan on [...]
Adjust Text Size
Archive for the ‘Debt Reduction’ Category
Should You Pay Off Debt or Invest?
Written by Neal Frankle - 17 Comments
Published on June 23rd, 2011 - 17 Comments
Filed under: Debt Reduction, Saving & Investing
add to tip'd - stumble it - digg it
Filed under: Debt Reduction, Saving & Investing
add to tip'd - stumble it - digg it
Why People Spend Too Much
Written by Nickel - 4 Comments
I recently ran across an interesting article over on CardRatings.com about whether or not credit cards are addictive. The article highlighted a recent academic study by Marsha Richins of the University of Missouri that focused on the relationship between materialism and overspending.
The study was based on a survey of 400 consumers of various ages and [...]
Published on May 16th, 2011 - 4 Comments
Filed under: Credit Cards, Debt Reduction, Frugality
add to tip'd - stumble it - digg it
Filed under: Credit Cards, Debt Reduction, Frugality
add to tip'd - stumble it - digg it
How to Get a Loan from Your Friends or Family
Written by Neal Frankle - 8 Comments
Even if you’ve been less than stellar with your finances in the past, you can still borrow money that you might need from family or friends. This is especially important if you currently pay high interest rates and want to refinance at a lower rate. If that describes you, your friends and family are a [...]
Published on April 28th, 2011 - 8 Comments
Filed under: Debt Reduction
add to tip'd - stumble it - digg it
Filed under: Debt Reduction
add to tip'd - stumble it - digg it
The Goof’s Guide to Money Management
Written by Jeffrey Steele - 8 Comments
It was a typical evening in the mid 1980s, and I was working late at my job as an advertising copywriter in Chicago. Down the hall, a colleague named Mary, not many years out of college, was also toiling away in overtime. I could hear her in her office, humming, shuffling papers and twirling the [...]
Published on April 26th, 2011 - 8 Comments
Filed under: Credit Cards, Debt Reduction
add to tip'd - stumble it - digg it
Filed under: Credit Cards, Debt Reduction
add to tip'd - stumble it - digg it
Five Ways to Blow Your Tax Refund
Written by Guest Contributor - 4 Comments
This is a guest post from Jennifer Rose Hale.
You filed your taxes 12 days ago, and the “ding!” from your computer is an e-mail alert from your bank. You’ve got money! Sure enough, it’s your tax refund. If you got one, you’re not alone: the most recent figures from the Internal Revenue Service show that [...]
Published on April 12th, 2011 - 4 Comments
Filed under: Debt Reduction, Frugality, Saving & Investing, Taxes
add to tip'd - stumble it - digg it
Filed under: Debt Reduction, Frugality, Saving & Investing, Taxes
add to tip'd - stumble it - digg it
How Debt Can Be Good for You
Written by Neal Frankle - 4 Comments
Is debt good? Yes… At times it can even be great for you.
As a general rule, I encourage you to avoid debt like the plague. I stand by that in the vast majority of cases, but there are some situations where you really benefit by having debt. For example, as long as you know how [...]
Published on March 31st, 2011 - 4 Comments
Filed under: Debt Reduction
add to tip'd - stumble it - digg it
Filed under: Debt Reduction
add to tip'd - stumble it - digg it
Living in a Small Space Can Pay Big Dividends
Written by Laura Martinez - 15 Comments
When we got married, our first apartment was a very tight fit. It was a small, one-bedroom apartment with an awkward layout. Our living room had to be creatively arranged to accommodate a small couch, a television, and a chair for any guests that might drop by. There were also no locks on any of [...]
Published on March 22nd, 2011 - 15 Comments
Filed under: Debt Reduction, Frugality, House & Home, Saving & Investing
add to tip'd - stumble it - digg it
Filed under: Debt Reduction, Frugality, House & Home, Saving & Investing
add to tip'd - stumble it - digg it
A Tale of Foreclosure and Financial Ruin
Written by Nickel - 17 Comments
The foreclosure crisis has been going on for a couple of years now, but it wasn’t until this week that it really hit home. My wife called last night to tell me that our former neighbors – I’ll call them Bob and Sue – had lost their house and would be moving to another state.
For [...]
Published on March 18th, 2011 - 17 Comments
Filed under: Debt Reduction, Mortgages, Real Estate, Saving & Investing
add to tip'd - stumble it - digg it
Filed under: Debt Reduction, Mortgages, Real Estate, Saving & Investing
add to tip'd - stumble it - digg it
Bankruptcy and Marriage – Should You Marry Someone Who Went Bankrupt?
Written by Neal Frankle - 8 Comments
Here’s a question about marriage and money that I recently received:
I have a question about marrying someone who will go through bankruptcy BEFORE marriage. Other than having difficulty with getting a loan, what other effects should I expect in the future?
The bankruptcy had to do with a prior divorce, and ownership of more properties [...]
Published on March 1st, 2011 - 8 Comments
Filed under: Debt Reduction, Planning
add to tip'd - stumble it - digg it
Filed under: Debt Reduction, Planning
add to tip'd - stumble it - digg it
Lending Club Increases Maximum Loan Amount
Written by Nickel - 5 Comments
According to a recent press release, Lending Club has increased the upper limit on loan requests from $25,000 to $35,000. According to Lending Club CEO Renaud Laplanche, this change was “prompted by customer demand.”
This is the second major change in their lending policy over the past year or so. The first was when they introduced [...]
Published on February 16th, 2011 - 5 Comments
Filed under: Debt Reduction, Saving & Investing
add to tip'd - stumble it - digg it
Filed under: Debt Reduction, Saving & Investing
add to tip'd - stumble it - digg it
Top Cards by Category
Earn $200 Bonus Cash Back after you make $500 in purchases in your first 3 months. 5% Cash Back on up to $1,500 spent in bonus categories each quarter.
Earn up to 20,000 bonus miles with your first purchase 10,000 of which count as Medallion(R) Qualification Miles. Earn up to 5,000 bonus miles when you add two additional cards to your account with initial application.
Earn 25,000 Membership Rewards(R) bonus points when you spend $1,000 in your first three months of Card membership.
Enjoy a 0% introductory rate for 18 months on Balance Transfers and 6 months on Purchases. Earn up to 5% cash back in categories that change.
Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*
Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*
Enjoy amenities for you and your business, like: complimentary airport club access, including American Airlines Admirals Club(R) lounges.
5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*. Up to 1% unlimited Cashback Bonus on everything else. No annual fee
Earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else.
Reports to 3 major credit bureaus monthly and acceptance at millions of locations worldwide, including website purchases and reservations.
Great deals...
Best of FCN
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
Most talked about...
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Reduced Credit Limits? Share Your Experience
- $15,000 Homebuyer Tax Credit
- Ethanol Blended Gas = Lower Mileage?
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Federal Income Tax Rates Went Down but Your Federal Tax Withholding Increased. Here's Why...
- Would the "Fair Tax" Gut the Economy?
How to save money on insurance
Recent articles...
- Double-Check Your Ally CDs
- Stocks are Not Bonds, CDs, or Savings Accounts
- The Best Values in Colleges - 2012 Edition
- Five Myths About Renter's Insurance
- Own Your Investments, Rent Your Fun
- Citibank to Issue Credit Cards in China
- Heartstrings and Pursestrings
- Saving Money at the Grocery Store: Store Brand Pricing on the Rise
- Missing Tax Paperwork?
- Is Your Investment Allocation Right?
