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 you […]

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 can be […]

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 world.  Credit […]

Show me a person deep in debt and I’ll show you a person who feels in bondage.  He/she is so burdened down with the heavy load of debt, it is like becoming a servant to his/her creditors.  They work all day for days on end just to meet their payment obligations to their debtors.    […]