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 [...]
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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 [...]
How to Get Your Debt Snowball Rolling
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 [...]
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, [...]
Pay Down Debt Boot Camp
Introducing 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.
