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February 2016
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How I’m Conquering My $44,000 of Student Loan Debt

student loan debt

Katelyn is 26 years old and has learned to hate debt (go Katelyn!). And, she’s learning to conquer with the best of them. I hope you enjoy her story as much as I did.

Student loan debt is the worst. There are so many things I would have done differently if I had known what $44,000 in student loan debt does to one financially, mentally, and physically.

I have two degrees – a BA in biochemistry and a MPH in public health. Both degrees cost me just over $22,000 in loans for a total of $44,103 in student loan debt. . . . → Read More: How I’m Conquering My $44,000 of Student Loan Debt

My Debt Free Life: 1 Year and Counting…

benefits of extreme frugality

I officially became completely debt free on December 11th, 2014, just over a year ago. I paid off my student loans, my credit cards, the divorce settlement, and my house. I had no chains weighing me down. I was completely free.

So how has life been since then? Has a debt free life really been all that different than the one that had a student loan and mortgage payment? Let me tell you, it is worlds different.

The Debt Free Life – After 1 Year

Today, 371 days into my debt free life, I sit here at my laptop with . . . → Read More: My Debt Free Life: 1 Year and Counting…

7 Reasons a Credit Card is a Bad Idea

credit card is a bad idea

Credit cards offer reward points and they can boost your credit score if you pay the bills on time, so why would I say that a credit card is a bad idea? Well, to put it simply, these two positives don’t offset the seven negatives.

7 Reasons a Credit Card is a Bad Idea

Really? There are seven cons to owning and using a credit card? That’s right, and these are seven solid reasons as well. Let’s dig into it:

1) You start believing it’s your money

You’ve got this card in your wallet and man, it’s powerful. You could . . . → Read More: 7 Reasons a Credit Card is a Bad Idea

Results Are In! Are You Serious About Paying Off Your Debts?

20151004 - get out of debt survey question 4

I posted an article last Wednesday because I wanted people to realize that they weren’t as hard-core about debt as they thought they were. And, without being focused and intense about paying off your debts, it typically takes a heck of a long time to get rid of them all. So here are the questions that I posed to my readers…

To Pay Off Your Debts, Would You Be Willing to: Cut your cable? Switch to a cheaper phone service provider? Turn the thermostat colder in the winter and hotter in the summer? Mow lawns for $15 for friends and . . . → Read More: Results Are In! Are You Serious About Paying Off Your Debts?

Stop Retirement Contributions to Aggressively Pay Down Debt?

hate debt

I distinctly remember sitting down with my mother on the day I started my first job, and listening to her explain the importance of filling out the retirement plan packet that was just seconds away from being thrown in the nearest trashcan.

As a sixteen year old with an affinity for video games and basketball shoes, I couldn’t think far enough down the road to understand why a portion of my $4.75/hr. paycheck needed to go into an account that I couldn’t touch until I was my grandparents’ age. On top of that, I had car and insurance payments that . . . → Read More: Stop Retirement Contributions to Aggressively Pay Down Debt?

Are You Really Serious About Paying Off Your Debts?

serious about paying off your debts

Have you been trying to pay off your debts lately? How has it been going? For some, paying off debts can be incredibly difficult. For others, they seem to make tremendous headway just weeks after they start tackling their debts. So what’s the real difference between these two people? Why is it that debt reduction is easy for some, but not for others? Before we dive into that question, let’s see if you’re really serious about paying off your debts. Take this simple survey, and then let’s analyze what you’d be willing to do and what you’re not willing to . . . → Read More: Are You Really Serious About Paying Off Your Debts?

Only Bankers Should Be Comfortable With Your Debt

hate debt

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