I cut our grocery bill in half. The grocery total would vary every month. But in January 2014, I only spent $170 on groceries -- my lowest total ever. I like to feed my family organic produce, but I had to let that go for the sake of a bigger goal.
Paying off credit card debt might be one of the best moves for your personal finances. This can improve your cash flow, giving you an opportunity to build an emergency fund or save for retirement. Plus paying off credit cards helps increase your credit score.
Before tying the knot in 2008, my wife, Kim, and I never discussed money. But I had financial skeletons in my closet. With $18,000 in student loans and another $18,000 from an auto loan, I brought a significant amount of debt into our marriage.
I've heard of some families overcoming step two of Dave's debt program in just one year, while other have taken seven years. But it's the small victories you accomplish with smaller debts that can keep you steady on your goal.
Being student-loan-free means I'm old. As in, I should have my life figured out by now. I should be married (which I'm not), have kids (which I don't) and know what I want to do career-wise (again, I don't). I'm almost 29 and don't know what the rest of my life will look like.
I want you to make smart choices and just not leap at the first option that comes along. When it comes to getting out of debt, the best advice you can hear is "do not assume." Only you can have your best interests in mind.
After the graduation parties, job hunting, and teary goodbyes are over, it's time to figure out the heavy stuff: finances. How much debt are you going to be in? Do you need a cosigner on your loan? Is there an app for this!?!?
It's extremely difficult to change the behaviors that got you into debt. Here are three of the psychological reasons why getting out of debt is so difficult -- and what you can do to combat your wiring.
Investing in a strong personal economy ultimately requires a holistic, integrated view of your professional and personal life choices. The returns you'll earn from these long-term investments are assets that will continue to serve you no matter what the future has in store for the national economy.
If you have credit problems and you're facing those annoying calls by collections agents, here's how you can hit a home run to clear those accounts off of your credit report and improve your credit score.