Why should you become debt free? After all, you felt that you needed that new car. And of course, your house must have furniture in it. A closet would be useless without a good stock of new shoes and clothes. Of course, you don’t have the money now, but you do have credit cards. Are […]

A lot of denial takes place when it comes to the subject of finances, debt, responsibility and financial accountability. You may deny that debt is bad. You may deny that you really have debt. After all, isn’t debt just being past due on your payments? Isn’t a loan just a contract? Or you may be […]

Why do people go into debt? Usually it is from ignorance of the eventual financial consequences. True enough, sometimes, unforeseen disasters occur that are completely out of a person’s control. This may include the loss of a job or gigantic health and medical bills that come out of nowhere. Usually these are rare exceptions. For […]

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What is debt? What is a deficit? Do the two words mean the same? We often hear the two used wrongly and completely out of context. In simple terms, we can explain the differences in this way. A deficit is the amount by which a sum of money falls short of the required or expected […]