Sometimes you sit down to create a budget and you find out there isn’t any extra money after paying all your bills and expenses. This was the situation of a lady I met with who had moderate income and expenses, but couldn’t seem to afford to pay any extra on her credit card, medical and [...]
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Danny Kofke CBS Early Show Interview
Recently, Danny Kofke, school teacher, personal finance author and One Money Design blogger was featured on the CBS Early Show with his family. I’m sharing the interview as I think it’s inspirational for all of us who are trying to manage our money better. Danny and his family continue to set a great example on [...]
Do You Use Dave Ramsey’s Debt Snowball to Pay Off Debt?
Dave Ramsey’s Debt Snowball doesn’t make mathematical sense, but it works. Many people will claim that paying the highest interest debt first is what will get you out of debt sooner. Yes, that makes sense when you look at the numbers. Paying highest interest debt first means you’ll pay off the more expensive debts sooner, [...]
What is Debt? How Do You Define It?
Understanding, “what is debt” should be an easy thing for us, right? It might surprise you that not everyone has the same perspective and definition of debt. Most people focus on the bad kind of debt. You know, credit card debt that may involve owing thousands of dollars with debt collectors calling all the time [...]
Pay Down Debt with These 10 Tips
Many people are highly motivated to pay down debt. Sadly, as with many goals, people lose focus and get off track rather quickly. But, there is hope! With your desire to work hard to overcome your debt obstacles coupled with these 10 tips to help you stay on track with your debt plan, you’re likely [...]
Illegal Debt Collection Practices: What Are Your Debt Collection Consumer Rights?
You might have heard horror stories of creditors calling and harassing people to collect their money. You’ll hear such stories if you listen to the Dave Ramsey show. Callers call into the show and ask Dave for his advice when they can’t pay their debts and some creditors are taking collection practices to extreme and [...]
How NOT to Get Out of Debt: Avoid These Mistakes
If you’re in debt you’ve probably feel like there is some weight you’re carrying around because of it. Your weight might not be more than $500 in credit card debt, or it might be as much as $50,000. Either way, most people realize there in some degree of servitude to a lender until that debt [...]
Spiritual Reasons to Get Out of Debt [Christian Financial Alliance]
The Christian Financial Alliance was created to help readers. The idea is this: Create a panel of biblical finance gurus. People who take seriously the call to teach the Bible accurately with grace and truth. Once a month, we post a question with a response from our panel to provide you with well-rounded, sound, biblical advice. For more on the [...]
Ask The Readers: Should You Use a Debt Settlement Company?
What advice do you have for this reader who is considering debt settlement to get out of debt? I don’t support debt settlement here at One Money Design simply because there are too many companies out there interested in taking money from people versus helping them get out of debt. I wrote an article about debt [...]
DebtGoal [SavvyMoney.com]: Debt Payoff Program
Update – DebtGoal.com is now SavvyMoney.com. We’ll be updating this post soon. Do you want to get out of debt but are having difficulty getting organized and setting up a debt payment plan? Maybe you don’t even know the total debt you owe, the interest rates, minimum payments, due dates, etc. Would you like to [...]
How to Participate in The Great Recovery and Bring About the Movement!
This past week I watched Dave Ramsey’s kick – off meeting for The Great Recovery and wrote a post sharing my thoughts about the event with readers. As a reminder, The Great Recovery is a movement to recover the economy one family at a time. Dave Ramsey – We believe that by helping our own [...]
The Great Recovery: Dave Ramsey Calls People to Manage Money God’s Way!
I just finished watching Dave Ramsey’s The Great Recovery kick – off event and am excited about this new movement. It could be the biggest call for stewardship and managing money according to Biblical principles our country has ever seen. The Great Recovery is a movement to change our country and economy one person at a time. [...]
Pay Down Debt Boot Camp
Introducing the Pay Down Debt email boot camp! This FREE Boot Camp provides 7 emails in 7 days to help you create a plan to pay down your debt sooner! Click here to get started.