Category Archives: Debt
Three Approaches to Debt Repayment Strategy
It is fun, but impractical, to strategize about what you would do if you suddenly got a million dollars. Most likely, you would pay off your debts and then spend, save, or invest the rest in a way that could prevent you from incurring future debts. A more practical exercise is to think about… Read More »
Reduction in Millage Rate Offers Relief for Palm Beach County Homeowners
Yes, there is always someone out there who is in a worse financial situation than you are, but you don’t have to be dirt poor to feel the financial strain that is still having residual effects after the pandemic. Approximately two thirds of American households with an annual income in excess of $100,000 still… Read More »
Is Catch the Solution to Your Debt Problems?
Advertisers telling customers that they will save money by buying the seller’s products is the oldest trick in the book. It is one thing to offer your products at a lower price than your competitors, but if you buy something, you invariably spend more money than if you had not bought it. The exceptions… Read More »
Understanding The High Interest Rates On Credit Card Debt
It is not just your imagination that your credit card bills are the highest they have been in many years. Part of the problem is the persistently high prices. Rent, fuel, and groceries are so expensive that you find yourself using your credit card for everyday expenses, even if, before the pandemic, you only… Read More »
How To Avoid Junk Fees When Buying A Car
When it comes to the sale of new and used vehicles, it is a seller’s market these days. Buyers are often willing to pay the full sticker price, or even more, just because the cars they want are in short supply. Shopping for a car is a lot of work, even if you enjoy… Read More »
Quick Fixes to Avoid Defaulting on Your Car Loan
As of the spring of 2023 the average car on the road is 12.5 years old; this means that our roads are experiencing the highest percentage of geriatric vehicles they have witnessed in decades. The price of cars is so expensive these days that more people are holding onto their cars until they have… Read More »
Is There Really Such a Thing as Good Debt?
An old saying goes that if you have zero debts and you have ten dollars in your pocket, you are the richest person you know. Many of us would love to live debt free, but we simply cannot afford to provide for all our necessary expenses without borrowing. Most debt free people have benefited… Read More »
Dave Ramsey Has No Idea How Broke You Really Are
You have been in debt for so long that you have probably read Dave Ramsey’s baby steps to financial independence multiple times. Now that you are a grown adult, a member of the generation on whom everyone depends, it is painfully obvious to you that “baby step” is a subjective term. For example, Dave… Read More »
What Can Go Wrong With Buy Now Pay Later?
Remote learning, homemade banana bread, and Paycheck Protection Program loans have gone the way of the socially distanced social gathering, but buy now pay later (BNPL) is one pandemic-era habit that seems to be here to stay. You can set up installment plans for online purchases using BNPL services such as Affirm, Afterpay, or… Read More »
Refinancing Your Car Loan When You Are Flat Broke
Refinancing a loan is when you take out a new loan to replace an existing loan. It often happens with secured loans, such as auto loans and home mortgages. For example, let’s say that you took out a car loan for $25,000, and by now, you have paid it down to $20,000. You can… Read More »