Debt is something we all get into at one point in our life, the question is what are we willing to go into debt? Early on in our life we tend to find ourselves getting into debt for practically anything, with our payment form being our credit card, we stand to incur a lot of
Archive for the ‘Debt’ Category
Staying out of debt
Getting out of debt is one of the most difficult tasks a person can face in their life, however the true challenge begins when you are out of debt. Staying out of debt is a difficult task to accomplish because it is a never-ending process, unless you come across a source of money where you
Debt Avalanche VS Debt Snowball
I have been focusing on eliminating debt the past week, and hopefully you have read about the following great methods to eliminate your debt, the debt avalanche and debt snowball. To remind you the debt snowball method involves you paying off your smallest debt first, and subsequently moving onto your higher debts; slowly paying off
Rules to Borrowing
For most people, there will be a point in life where we have to borrow money; it is a fact of life. It will have to be done, especially when you need to purchase the more expensive things in life. With that said, it is a requirement that we manage our credit well in order
Eliminating Your Debt Part 2
Recently, I spoke about a debt snowball, a term used to describe a method as to how to pay off your debt. To freshen your memory, the debt snowball method entails in you paying off your smallest debt first, and moving onto the next one. By falling this pattern you will be able to slowly,
Debt Reduction Concepts
There are many ways to tackle our debt; today, what I will speak about is not a new concept, however the terminology is fairly new to me. I came across a great article on The Financial Highway, which speaks about the concept I will talk about, with the terminology that it is known by, and
Eliminating your Debt Part 1
For us to maximize our savings, it would be for the best that we are nor carrying any debt, or at least not a lot of debt. To help everyone get a hold of their debt and reduce it, I will start a mini series where I speak about two debt reduction concepts. The first










