Saving for my children’s college education is an important financial goal. Unfortunately, we haven’t been able to hit this financial goal with full force yet. Why save? I don’t want our children to graduate college with school loan debt, or at least not much. I’d rather them be able to graduate and focus on their [...]
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SpringCoin Review: Personalized Debt Plan that Saves You Money
We like do-it-yourself payment plans here One Money Design. Much of the time we feel like you can pay off debt by using tools to organize the debt, get educated, create a payment plan and follow it. SpringCoin is one of those tools that helps you do this. It provides automated negotiations, payment plans and [...]
Pay Off Debt: SavvyMoney Review
At the recommendation of a friend, I checked out SavvyMoney (previously called DebtGoal) which is a website and online program designed to help you pay off of your debt! I like anything to do with paying off your debt. I began by reading about the company, and I have to admit the first thing I [...]
Which Debt Do I Pay First?
You are sitting there at your desk after the new year and wondering what in the world to do with all the bills. So what do you do? Where do you even start? First of all, you need a spending plan. Then you need to tackle the debt one step at a time. But which [...]
The Problem With Student Loan Debt
I recently read an article in TIME Magazine showing how much student loan debt college students are graduating with. Student loan debt is actually on track to top $1 trillion this year. According to Mark Kantrowitz, publisher of FinAid.org and FastWeb.com, the average student loan debt for new graduates has reached $27,300. Add to that [...]
Should I Pay Off My Mortgage Early? [Part 2]
Today, we continue the 2 part series: Should I Pay Off My Mortgage Early? Click here to read the first post. This post will look at two common arguments against paying off your mortgage early. Lose the Home Mortgage Interest Deduction One is that you won’t be able to take the home mortgage interest deduction and [...]
Should I Pay Off My Mortgage Early? [Part 1]
Look around your home, in your garage, out your backdoor. Imagine the feeling of owning it all, free and clear. Many people assume they will always have a house payment and don’t realize how much interest they’re paying on their loans. Let’s say you buy a house for $150,000. You make a down payment of [...]
Zero Interest Loan a Good Idea?
Each day when I open up the mail box, I get at least two or three credit card offers. Many of them feature zero interest. Is that a good idea? Should I take advantage of their offer? First of all, Scripture teaches us to own no man but to love them in Romans 13:8. So [...]
Bible Verses About Debt
From time to time I like to share Bible verses about debt. The Bible has a lot to say about money and debt is one area that scripture provides a lot of guidance. I once heard Howard Dayton, co-founder of Crown Financial Ministries, say that the Bible has over 2500 scriptures about money because God [...]
How to Cancel a Credit Card
Now is always the time to cancel temptation! People often wonder if there is a proper way to cancel a credit card, and in answer to that, yes, there is a proper way to do so. Let’s first of all talk about the how to. Then we’ll discuss the best options with your credit score [...]
How to Pay off Debt [Real Life Story]
So you’re asking yourself how to pay off debt? For me, there’s nothing more instructional than stories of real people who have committed to an extraordinary plan to pay off their debts and become financially secure. This is the story of my mother. She has always been frugal in the kitchen and household. But, she [...]
Why So Many People Find Themselves in a Financial Bind
I wanted to share the following excerpt from my new book. I feel this story can resonate with many and is why so many people find themselves in a financial bind. Jim and Laura are a typical American couple. They just got married last year after dating for four years. Jim is a manager of [...]
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.