This might sound obvious, but did you know that one of the best ways to reduce your debt is to simply not add to it? It is amazing how many people agonize over their debt and continue to use their credit cards and take out loans! Sure, using a credit card and paying it off [...]

A little more than a week ago, I wrote about creating your (dreaded) budget. By now you have probably come up with a figure that is, well, less than pleasant.
If people know that you’ve decided to get serious about reducing your debt, you’ve probably been given all sorts of advice. Some of the advice [...]

If there was ever a time to get serious about paying down your debt, that time would be now. With the economy in a tailspin, more and more people are finding it difficult (if not almost impossible) to pay their loan and credit card payments on time. This is making the banks and credit companies nervous and it is resulting in the tightening of their proverbial fists. They aren’t calling it a “credit crunch” for nothing.

Credit card debt can be very overwhelming. It adds up quickly, and the high interest rate makes it difficult to pay off. Here’s what to do.

I talked about how I got into debt in my post, Crawling Out of Debt. In this article, I would like to share some tips that helped me get out of debt and grow my net worth from a negative number to a positive one.
1. When you want to spend money, figure out a [...]

One way to maximize the value of your dollar while paying off debts is to target where each of your dollars goes. The most efficient way to do this is to focus as much of your money into paying off the principal and try to minimize the amount of interest you are paying - [...]