Young People Avoiding Credit Card Debt

According to new research, younger “millenials” (adults born sometimes in the 90s or later) have been avoiding credit card debt compared to slightly older people.  A bank in the UK found that people aged between 18-24 are carrying much less debt than those in the 25-30 age bracket, half as much in fact. Almost 30% […]

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Credit Debt Forcing Some to Skip Health Care

Fox Business has highlighted a new study that Credit Card debt might not only be bad for your finances, it might also be bad for your health! Sociologists at the University of Michigan have found that people who are carrying a lot of credit card debt are less likely to seek medical treatment when they […]

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The Debt Snowball Method

Debt-Snowball Method One of the best known debt reduction strategies is the debt-snowball method where you pay off your smaller debts as soon as possible, while paying the minimum allowable amount on the larger debts. Once the smallest debt is paid off you move onto the next smallest, reducing the total number of debts and […]

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Simple Family Budget Tips

Times are still tough with various economies still struggling and many in recession. The unemployment rate is still high in the USA and many families are having to make do with less money. Here are some simple tips on how to find some extra money in your household budget through cost cutting and clever thinking! […]

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How do you get out of debt?

A lot of people in debt find themselves struggling to make a start in paying down their debt. Quite often it’s not due to laziness, or a lack of discipline, but due to them not knowing where to start. When you type “how do you get out of debt” into Google you will be bombarded […]

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Easy to Follow Debt Reduction Tips

Debt can accumulate very quickly and very often occurs for reasons out of your control. You might get sick and need a month off of work, or your child needs some emergency dental work, or your car breaks down. The kinds of emergencies that life brings can often bring financial stress with them. You can […]

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Is it better to save or pay off debt?

Paying down your debt is not an easy path. There are plenty of ways to reduce your debt, and plenty of ways to create a budget that you can stick to. However one of the common questions is when should you save extra money that you generate and when should you use it to pay […]

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Don’t Let Debt Stop Your Growth

Life has it’s ups and downs, but there are positives even in bad situations – like being in debt.  Even though it’s difficult to focus on anything else than the debt you are carrying, it’s actually possible to use this bad situation to fuel positive personal growth. The one thing you shouldn’t do when faced […]

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Best 3 Debt Settlement Methods

Unfortunately the United States economy is still struggling and every day more people are finding themselves in financial difficulties.  Many are people who over extended in the good years, taking on too much debt and many people in trouble now are small business owners who have been hit by the downturn.  Others in trouble include […]

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The Simple Debt Reduction Plan

There are numerous methods for eliminating debt and hundreds of plans available for eliminating debt.  However some of them can be very complex and they can make it a daunting task when you are getting started.  In this post we will go over the 5 best tips for reducing debt, and if you can do […]

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