Category Archives: Debt
Managing Finances in a Multigenerational Household
All the societal changes that technological advances have brought during the last few decades have finally made people appreciate some old practices that remained current for centuries. The best thing about these old habits that have become cool again is that they cost little or nothing. Reading paperback books from the library and using… Read More »
3 Outdated Assumptions About Personal Finance
The world is changing quickly, and it seems like every change brings greater financial stress. With high prices, stagnant wages, and eroding job stability, where do you turn for financial advice? Some of the personal finance aphorisms that were axiomatic a generation ago no longer hold water today. If you need help strategizing about… Read More »
The Free Form Debt Repayment Plan
We all know the demoralizing loneliness of constantly trying to get to a weight that other people find acceptable. With a smile and a patronizing fast nodding of her head, the nutritionist at the doctor’s office tells you that all you have to do is cook hardboiled eggs in the morning, or the night… Read More »
Dude, Where’s My Emergency Fund?
Building an emergency fund seems like a manageable first step when it comes to paying down your debts. Under ordinary circumstances, even the most disciplined people end up spending money on the unexpected, because life happens every pay period. Your shoes wear out and you need to buy new ones. Your dental insurance pays… Read More »
Rich in Optimism, Poor in Cash
Optimism is a great predictor of happiness, regardless of your current observable circumstances. It is better to feel rich when your bank account balance says that you are poor than the other way around. You might have noticed that some people tend to have possessions that others would find enviable, and yet they are… Read More »
Pinching Pennies in the Post-Penny Era
It feels like the stakes are getting higher for everything, and the constantly increasing prices only add to the stress. In the old days, if you wanted to go to the movies, you could read the showtime listings in the newspaper, count the money in your wallet, make up the difference by searching for… Read More »
How to Save Money on Interest
When students ask math teachers why they should bother to learn math, the teachers’ answers usually have something to do with money. They might even give the example of compound interest. Just knowing how much you will have to pay over time does not show you the whole picture, though, which is why a… Read More »
Settling Your Tax Debts
The AI summary you get after a Google search about which debts you can and cannot discharge in bankruptcy will tell you that tax debts are among the most difficult debts to discharge. The easiest debts for a bankruptcy court to discharge are the ones owed to private lenders, such as credit card debts… Read More »
The Painfully High Price of Car Ownership
If you are looking for a topic of conversation, choose something, anything, and then complain about how much more expensive it has become in recent memory. Your interlocutors are sure to be able to relate. Grumbling about the price of groceries is getting old, though. If you can remember when a dozen eggs was… Read More »
BNPL Debt Is for Salaried Employees, Too
For years, the media has been saying that families with a household income of more than $100,000 per year cannot make ends meet, but the feeling of not making ends meet approaches gradually. At first, you looked at your income tax return and smiled in a self-satisfied manner. Your income is not very far… Read More »