Frugality isn’t taught in schools, but it is a lesson that’s necessary in order to live a financially stable life. It doesn’t take long to end up learning the hard way when your checking account balance comes up short and a pile of bills are due. In today’s economy, it’s more important than ever to […]
Tag Archives | reduce debt
The choice between repaying your debt and saving for retirement is a difficult one. Which choice will give you the maximum benefit? To reconcile this dilemma, consider these simple steps: 1. Examine the debt in depth Pay attention to the interest rates and fees. Do the math to calculate how long it will take to […]
Debt can feel like a burden on your shoulders weighing you down through every step of life. Every time that you finance another new purchase with money that you don’t already have, you’re adding weight to that lifelong burden. Make it a resolution that this is the year you remove that burden from your weary […]
Purchasing your own home represents the American Dream for many people. Owning your home free-and-clear though is something many people don’t accomplish until well into retirement. Paying off a mortgage faster than the term of the loan is a positive financial goal just about any way you slice it. Being mortgage-free decreases monthly expenses in […]
Being in even a small amount of debt can keep you up at night. Paying off debt is a simple task, but it can take a long time and a lot of discipline.