Borrow
Diving deeper into debt: How much is too much?
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...
Want to get rid of debt? Get rid of credit cards first
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...
Want to eliminate debt? Don’t make these 5 mistakes
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...
Should you use retirement funds to get out of debt?
You’re mired in debt and struggling to make payments. Meanwhile, you have a nice retirement savings plan (RSP) that is earning money. Now you’re asking yourself: Should I use those retirement funds to pay off this huge debt burden? To answer this question, follow...
