Your current credit card debt represents more than just the fact that you owe money.  It represents the fact that you are spending more money than you are making.  It represents the fact that you are out of touch with your financial future.  It represents the fact that you need to attend to […]

Don’t get in the habit of buying something before you need it or because you think you might use it at some future date.  Indulgence because you think you “owe it to yourself” or “it will help your self-esteem” is a bad habit.
 
You can develop habits that will ensure you will enjoy financial […]

It is always wise to borrow less than more.  Cultivate the mind-set that you will borrow only for absolute necessities, and that you will repay the loan at the earliest possible date.  Paying back a larger amount than the required fixed payment will help you retire the debt early. 
 
For what things should […]

Excessive debt cannot be ignored.  It will not go away.  You can ignore past due bills, but you do so at the risk of finding yourself in even worse circumstances.  A chain of events are triggered when you do not pay your bills.  Creditors can take action against you, the past due bills […]

Americans are two trillion dollars in debt.  Credit, the ability to borrow money, can be very dangerous.  In short, it’s spending money today that will be tomorrow’s income.  Most economists would say that credit is an important part of the ability of individuals, families, cities and ultimately nations to function in a financial […]