Five years ago, we were able to pay off the last of our credit card debt. I can’t believe it’s been 5 years since that last payment was sent and we were credit card debt free! Really, time has been flying by. We’ve done a lot of stuff since breaking the chains of debt, and I’m…
Are you struggling with high-interest credit card debt? If so, transferring your balance to a new card with a lower interest rate could be a smart financial move. A balance transfer can help you pay off your debt faster and save you money on interest charges. However, before you jump into a balance transfer, it’s…
The secret to becoming wealthy is spending less than you earn, but what do you with that extra money? You can keep it under your mattress or a free checking account. However, you might not earn passive income with either of these two options so you can make money while sleep. Instead, you should consider…
If you’re looking to pay down debt, then you’ve probably heard of the Debt Snowball. This debt repayment method was made famous by Dave Ramsey as part of his 7 Baby Steps. The Debt Snowball is used as part of Step 2. In this money short, we ask what is the debt snowball and give…
You don’t make a lot of money and you’ve worked hard to get out of debt. Now that you have the taste of what it’s like to not have a monthly interest payment for maybe the first time ever as an adult, the last thing you want to do is go back into debt. But,…
Paying off debt is hard for anyone. It’s always on your mind until it’s gone and wiped clean. Debt hovers over you like a dark cloud just waiting to storm. Those clouds seem to be even darker when you have a low income. Without the necessary funds to pay down debt quickly, it can feel…
The new year is here and I’m sure you’re ready to get started on your resolutions. Typically people are focusing on their weight, especially after two holidays of eating good food. I know I could lose a few pounds after this holiday break. More importantly, some are focusing their goals on their finances and I…
If you are even halfway serious about trying to get out of debt or simply want to spend $100 less a month, one of the first steps you need to take is monitoring your monthly spending. Before you think that the only way to track how much you spend is to pay for a monthly…
As you enter your 30s, you have probably experienced the transition in life from a single, carefree college grad to getting serious about your future by “settling down” to start a family and paying your dues at work to get the next promotion. While you hopefully avoided these money pitfalls in your 20s, there is…
There is a lot of advice out there to tell you what you “should” do with your money, but we’re going to show you what you “shouldn’t” do with you money. Especially when you’re just starting out in the workforce and you’re in your 20s. This is a time you need to be focusing on…
Did you know you can actually get some cool gifts just by going to a timeshare presentation? What if I told you that my wife and I took in the sights and a presentation on a timeshare in order to save money on activities we wanted to do when traveling. It wasn’t my first choice,…
I have been selling stuff on Craigslist for some time. In the past few years, I have also offloaded some cars on the free site. The process is simple, but you do have to understand the laws of your particular state. I would continue to buy and sell cars, but after a certain number, I would…
