Being in debt is stressful, especially if you’re on a salary that barely covers your other regular expenses. However, it is possible to get out of debt on a low salary. Just like any other trying financial situation, becoming debt-free with a smaller income requires...
Most Americans face a tough reality. Credit card spending is at an all-time high, and more and more of us are finding ourselves stuck in a financial debt prison that greatly affects our quality of life and no easy way to manage our debt. We owe a staggering $1.04...
It’s not inherently bad to carry some debt. If you own a car or a house or you went to college, chances are you’re paying off a loan. Mortgages, car loans and college debt are often considered “good” debt. Your residence may grow in value, your vehicle transports you...
If you’re like a majority of Americans, you carry some (or a lot) of debt. The average amount of debt per American adult is $38,000, excluding home mortgages. That’s a lot of debt! Most of it is concentrated in credit cards, student loans, and car loans. But being in...
Credit card debt is the monster living under a lot of our beds: You get sucked in by that 0 percent APR introductory offer, and then it haunts you for years. Fortunately, credit card debt only seems insurmountable. For a lot of us, approaching debt and spending with...
Congratulations! You’ve made the commitment to get yourself out of debt. Eliminating debt is an important and difficult goal to achieve, but it can be done — if you do it the right way. Here are five common mistakes to avoid: Mistake #1: Keep your old spending habits...