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August 2015
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Only Bankers Should Be Comfortable With Your Debt

ignore the joneses

They say that the only people to get rich from gambling are casino owners. The same applies to debt! With consumer debt in the US at around $11.85 trillion, you can see that the only people who really benefit from your debt are the financiers and banks who caused the Credit Crunch and wrecked the economy in 2007. This isn’t far short of the £12.6 trillion debt mountain that US citizens had when the economy went into a nosedive in 2007, and the only people to really suffer from that was those at the bottom, receiving the credit.

What better . . . → Read More: Only Bankers Should Be Comfortable With Your Debt

14 Steps to Get a Serious Head Start in Life

get a head start in life

Only 59% of college students actually finish their degree. Of all college students, the average debt load when they finish (or quit) is over $30,000 and their unemployment rate is 8.5%, far greater than the 5.5% average unemployment rate of the entire nation. More so now than ever, college attendees are actually finding themselves left behind economically, rather than getting ahead like the past generations. They have seemingly done everything right, but many are jobless or underemployed, and sinking under a mountain of debt.

Source: Institute of Education Sciences

I thought going to college was supposed to . . . → Read More: 14 Steps to Get a Serious Head Start in Life

10 Extreme Tips to Cut Your Spending in Half

cut your spending in half

Are you fed up with being broke? Have you ever run out of money before the month was over? Are you ready to say, “I’ve had enough!” and do whatever’s possible to get back on track with your finances again? If this is where you’re at, then I can definitely help you save some money each month. Not only that, but I can likely help you cut your spending in half. That’s right, in half. Follow these ten tips and get your life back again. No more stress, no more anxiety, just money in the bank and serenity.

10 Extreme . . . → Read More: 10 Extreme Tips to Cut Your Spending in Half

Top 10 Cars for Digging Your Way Out of Debt

digging your way out of debt - jeep cherokee

“If I buy a super cheap car, it’s going to break down all the time and cost me thousands of dollars in repairs. It would probably be better to spend $10,000 or more to buy a dependable car. In fact, buying a more expensive car will probably save me money.”

This is one of the biggest lies ever uttered across the face of this earth. Just because you spend $10,000 on a car does not mean that it’s going to be dependable for you. In fact, if you buy a foreign luxury car (like a BMW, Mercedes, Audi, or . . . → Read More: Top 10 Cars for Digging Your Way Out of Debt

How to Avoid Student Loan Debt

avoid student loan debt

It is that time of the year. It is student loan season.

As fall semester tuition bills begin hitting mailboxes nationwide, many students and families may be in for sticker shock. The rising costs of higher education have forced more and more families to use student loans as a tool to pay for college. You may have seen a number of commercials, radio ads, and display banners advertising student loans recently. Using student loans has become common practice for many families and the many private student loan lenders have started marketing aggressively.

Keeping up with the rising costs of college . . . → Read More: How to Avoid Student Loan Debt

What If I Spent My Money Like 90% of Americans?

what if I spent my money

Did you know that the median American savings is $0.00 each year? Since pensions are now nearly extinct and Social Security is teetering on the brink of failure, you’d think that Americans would be saving much more now than in the past. In reality, however, many are saving far less.

Take a look at the chart below. The bottom 90% of earners in America typically save less than 5% of their income each year. And, as of the year 2000, they are saving even less than that (even into the negatives at times)! Some people reason that the low savings . . . → Read More: What If I Spent My Money Like 90% of Americans?

The Absolute Best Way to Get Rid of Debt

get out of debt - doubt bigger than belief

During my four years of writing on this blog, I have published a countless number of articles to teach people how to get rid of debt. But, I have recently realized that they are all wrong. In many of them, I have provided the steps of picking out the smallest debt with the highest interest rate, and explained how you can scrounge up the money to start paying those bills and getting out of debt.

While these simple methods might work for some, I have seen a countless number of people pay off some debt, then get deeper into debt, . . . → Read More: The Absolute Best Way to Get Rid of Debt

Start Tackling Your Debt One Dollar at a Time

cut your spending in half

Are you ready to start tackling your debt? Yes, it can seem daunting to start tackling your mountain of debt, but it IS possible! By focusing on paying off just one dollar at a time, paying off any debt is possible. Even a massive debt can be paid off sooner than you might think. Just keep your head down and keep chuggin! You can do it!

Don’t Forget Your Reasons For Getting Out of Debt

If you start tackling your debt without a real reason, then you likely won’t ever get to the finish line. For instance, if you decide . . . → Read More: Start Tackling Your Debt One Dollar at a Time

10 Quick Tips to Help You Save at the Grocery Store

save money on groceries

Trying to pare down your expenses? One of the biggest “make-it-or-break-it” categories within your budget is “Groceries.” Unlike cable TV, you can’t cut this bill from your budget. Beyond a certain point, you can’t even significantly reduce the quantity of food that you purchase. You’ll always need to eat.

Furthermore, there’s no good alternative to buying groceries. Unless you own a lot of land (with it’s corresponding property taxes), you’re unlikely to have enough space to grow most of your own produce. And even if you could, you still need grains, oils and other staples.

Here’s the point I’m trying . . . → Read More: 10 Quick Tips to Help You Save at the Grocery Store

The Brooks’ Story: How We Got Out of Debt, Saved, and Are Working Our Way Towards Financial Independence

Financial Independence

This post has been written by Sarah Brooks, a freelance writer fighting for financial independence within this world of materialism and consumption. Take a look at her awesome story below and her discoveries from her journey so far.

As a consumer living in America, we are surrounded by debt. Whether we’re adding to it, maintaining it or trying to claw our way out, debt is everywhere we turn. Debt is also a necessary evil—you have to have it in order to build your credit, but how much is too much?

When my now-husband and I met, the last thing we . . . → Read More: The Brooks’ Story: How We Got Out of Debt, Saved, and Are Working Our Way Towards Financial Independence