Debt Deluge - Modified Debt Snowball

I am a big fan of  Dave Ramsey.  I listen to his radio program and I’ve read all of his books.  Dave made famous a specific debt reduction method - The Debt Snowball.  From personal experience, I can verify that The Debt Snowball works - and I’ll be eternally grateful for Dave’s enthusiasm [more...]

Date: 2009-01-15 17:06:11

Blog posts (18) | Videos (11)
 

Debt Free Living, Cheap Family Meals, Used Kids’ Clothes @ The Roundup

Announcements I had my first article published at Wise Bread, where I share some basic investing tips for any market. I hope you’ll check it out! [ ... Carnival of Financial Planning Carnival of Debt Reduction Carnival of Money Stories Carnival of Personal ... : 20 Things That Rock About Being Debt Free Lazy Man and Money: How To Be Successful in the [more...]

Date: 2009-01-07 20:27:10

Study More About How To Keep Away From Being Bankruptcy

The IVAwhich provides an opportunity for the debtor struggling with personal loans or debts to make a payment proposal to their creditors is a ... systems. IVA is one of the most efficient debt reduction systems that are very popular in UK ... to people to avoid bankruptcy. The personal and consumer debt is one of the main problems faced [more...]

Date: 2008-12-26 04:55:47

Daily Links: Christmas Vacation Edition

Thanks to your fellow Get Rich Slowly readers, I’ve amassed enough guest posts to take a short break ... , debt reduction, and smart personal finance. Before I slip into the background, however, here ... . Kris and I are especially worried about the plumbing in our hundred-year-old house. At The Simple [more...]

Date: 2008-12-17 00:00:50

Free Debt Reduction Tool

As much as I love Quicken, I like finding free online tools I can suggest to my personal finance counseling clients ... PowerPay. Basically it’s a no-frills debt management program that allows a person to enter their debts ... . A teaser rate with a long duration can hugely influence your best plan of attack on debt repayment [more...]

Date: 2008-10-22 15:57:51

Daily Links: Moxie Edition

After nearly two weeks of vacation, I’m itching to get back to work. Still, my actual return date isn’t until next Monday ... , Elite Feet (a site for runners) shared the legend of Cliff Young, a 61-year-old farmer who won ... for 2006-09-12Daily Links: Debt Reduction, Stupidity, and Mutual FundsThe Personal Finance HOW-TO Library [more...]

Date: 2008-12-30 01:56:39

Debt Reduction Methods and Philosophies: Snowball, Avalanche and More

When someone who has accumulated debt across a number of credit cards embarks on the journey to rid himself or herself of this debt, and when that person is generating enough monthly income to cover all expenses and the minimum payments due on all cards with additional funds left over, there are two main philosophies describing the best way to achieve this goal. Although all approaches are good, there is no question where I stand on this issue. [more...]

Date: 2009-05-29 11:00:32

Best Guidebook to How To Avoid From Being Bankruptcy

The Individual Voluntary Arrangement which provides an opportunity for the debtor struggling with personal loans or debts to make a payment proposal ... and consumer debt is one of the main problems faced by most of the families in UK today. Hence it’ ... is one of the most efficient debt reduction systems that are very popular in UK. The advantages of [more...]

Date: 2008-12-23 09:39:46

Consumerism Commentary posts a Twitterval

Well, kinda:  Flexo over at Consumerism Commentary hosts this week’s Carnival of Debt Reduction with a flurry of Twitter Tips from the personal ... outlines the dos and don’ts of reducing debt The Smarter Wallet asks whether a housing assistance ... a class act. Next week we have No Debt Plan on the docket! [more...]

Date: 2009-01-13 06:09:41

Beware of Debt Reduction Advice

In a recessionary period like the one we are experiencing today there is a natural increase in personal financial turmoil ... associated with servicing such debt at very high interest rates, in particular credit card debt ... , the victim’s debt has actually grown. The credit card company has written off the debt resulting [more...]

Date: 2008-12-12 11:00:20

If Personal Finance is Easy, Why Isn’t Everybody Rich?

Yesterday, MSN’s Smart Spending blog posted a version of my recent article about the dirty secrets of debt reduction (and what to do about them) ... , consolidate debt, use 0% offers, use the one credit card with a 0 balance as it is cheaper than cash. You’ll ... to get out of debt. Debt elimination involves three steps, I said: Stop acquiring new debt [more...]

Date: 2008-08-06 18:00:13

Personal Finance Hard Truth Week in Review – It’s Almost Over Edition

The campaign is in its final days.  I expect we will have six months or so before the next group of presidential wannabes begins making noises about ... of Debt Reduction and my post on Shouldn’t We Burn Credit Cards in Protest?  Oh - that candy your kids ... a website that includes their amazing tax saving calculator.  Apparently, you input your income [more...]

Date: 2008-11-01 13:34:12

The Personal Finance Secrets “They” Don’t Want You to Know About

I get asked to review all sorts of crazy personal finance books, plans, programs, and schemes all the time, ... and negotiate lower rates (or in some cases a balance reduction), adopt a very strong debt repayment ... you attempt to buy your bad debt from the creditor (and then obviously dismiss it), but the legal [more...]

Date: 2008-08-30 17:00:11

Heyyyyyyyy youuuuuuu guyyyyyyys! (it's carnival time)

And so here they are: Money Hacks Carnival - "The Best Crazy-Simple Money Hacks" ed. hosted by Ask Mr. Credit Card. *Editor's Pick!Carnival of Personal Finance - "Cyber Monday 2008" ed. hosted by Mighty Bargain Hunter.Carnival of Debt Reduction - "Hosting a Dinner Party" ed. hosted by Green Panda Treehouse.Festival of Frugality [more...]

Date: 2008-12-05 16:28:32

Oprah’s Best Life Financial Webinar w/ Suze Orman

Oprah’s Best Life webinar featuring personal finance guru Suze Orman will be taking questions from viewers about money matters, ... to make debt reduction a top priority. Your indebtedness is the second most important factor for FICO ... your score to decrease, so be cautious about taking on new debt. This includes thinking twice [more...]

Date: 2009-01-15 19:38:01

Welcome to the Carnival of Debt Reduction

Hi everyone, and welcome to this week’s Carnival of Debt Reduction . There were more good articles submitted this week than are shown below, but only a small number of them dealt directly with (a) personal debt reduction stories or (b) how to reduce consumer debt: No Credit Needed dispenses with a lengthy introduction and jumps right in with a six-step process for eliminating credit card debt . Free Money Finance recounts a story of how one couple paid off their mortgage . [more...]

Date: 2009-09-28 05:00:04

Welcome to the Carnival of Debt Reduction

Hi everyone, and welcome to this week’s Carnival of Debt Reduction . There were more good articles submitted this week than are shown below, but only a small number of them dealt directly with (a) personal debt reduction stories or (b) how to reduce consumer debt: No Credit Needed dispenses with a lengthy introduction and jumps right in with a six-step process for eliminating credit card debt . Free Money Finance recounts a story of how one couple paid off their mortgage . Financ [more...]

Date: 2009-09-28 05:00:04

How To Prioritize Your Debt Repayment Plan

Everyone knows that healthy personal finances requires debt reduction. However, paying down debt can become discouraging when you have a great deal of it, from a variety of sources. Paying a little bit extra every month on each of your debts doesn’t seem to make a dent, thanks to high interest charges. Instead, you can make more effective use of your debt repayment funds if you concentrate on retiring one debt at a time. This can also simplify matters and help you focus your efforts. [more...]

Date: 2009-09-24 01:03:28

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