The following is a guest post from Jon Haver who has paid off his $23k in student loans in 3 years and is sharing advice on how others can financially thrive with student loans. He writes at Pay My Student Loans. Month after month, you find yourself making payments to bring down your debt whether it is your mortgage or your student loans. You dream of a time when you can live debt free. The two biggest debts in this [...]
People like to avoid bankruptcy as much as they can. They are wary of the stigma that is attached to this debt relief option because it is a matter of public record. Before people consider filing for bankruptcy, they have one last tactic they can try. They may be able to qualify to consolidate their debts with the help of a debt management company. Are There Several Monthly Debts? Debt consolidation is not right for everyone, but it will help [...]
Getting out of debt in a short period of time can seem impossible. When Kim and I had $52,000 in consumer debt, it seemed like we would never get out of it. We were frustrated and overwhelmed as we came to terms with our financial situation. We wanted to be debt free and we didn’t want to wait decades for that to happen. We paid off $52,000 of debt in 18 months When we got married, one of the first [...]
Creatively managing resources is essential if you want to have more fun with shopping, socializing, and enjoying down time. Just as time management is a huge factor, so is budgeting the bill! You need to juggle resources to pay for the cost of living, books, student loans, and still have money left to kick back and rejuvenate doing something fun. Shopping wisely, scouting for deals, and taking advantage of special discounts is part of the college lifestyle. Following these 5 tips will ensure that you stretch [...]
When you are trying to get out of debt selling items around the house can help out tremendously. There could be multiple items sitting in closets, cabinets or storage rooms that could be sold to help expedite paying off your debt. Here are some guidelines that I used when selling items to become debt-free. The 1 Year Rule If you have not used the item in the past year, it makes sense that you could get rid of it and [...]
About 6 years ago, I didn’t even think it would be possible to buy a house without a mortgage. I thought the only way I will ever own home is to borrow money. Man, was I mistaken. Looking back at all of the interest I have paid to banks makes me sick. I knew there had to be another way and there is. How this couple bought a home with no mortgage John and Kristy get married at 22 years [...]
Most people want know how to get out of debt fast and I don’t blame them. It can be like this dark cloud looming over you as long as you are in debt. At least that is how we felt when we were in debt. It felt like we were just getting by and it was hard to see the light at the end of the tunnel. We decided that we needed to get a handle on our finances and [...]
Rather than avoiding the debt collectors altogether, it is better to know the ways in which you can brace yourself against collector harassment. If you tend to avoid the calls by the debt collectors, the situation can seem to become more complex. So, the best possible way to deal with the debt collectors is by being aware of your rights as a consumer and a debtor. In addition, you should also be aware of the debt collection laws as outlined by the FTC – the [...]
Many people want to pay off the mortgage on their house early. They want the flexibility to have less money going out the door every month. They want to be debt-free and not have to worry about living paycheck to paycheck. Is this you? Maybe your skeptical and don’t think it is that big of a deal to pay it off faster. Well, let’s start with an example. Let’s say you buy a house and get a 30 year mortgage [...]
