Debt Relief

If you feel uneasy about your finances, it might be because you don’t have enough emergency savings. A sudden bout of unemployment or an unexpected major expense could turn anyone’s financial stability into a horrifying nightmare. The good news is you can remedy that problem faster than you think. 1. How Much There are dozens [...]

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If you need to do some short term borrowing, you might be tempted to tap your IRA for that cash. It’s there. It’s yours. Why not use it? As you’ll see below, there are plenty of reasons to think twice or three times before moving forward with this scheme. How to Borrow From Your IRA [...]

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My 14 year-old, like most kids, loves to spend money.  I like having control over that spending and I do this by providing her cash because I can limit the damage.  But sooner or later she’s going to get a credit card like her older siblings.  Here are the tools I used with the older [...]

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When you are facing a pile of debt that you just can’t seem to shake it can be tempting to look toward your retirement accounts as a way to escape. Retirement is a long time off and your debt impacts your life now, so why not withdraw money from your nest egg accounts in order [...]

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Over the weekend, my wife and I had a chance to sit down with a good friend of ours who recently discovered her husband’s credit card debt problem. I was shocked to hear about the financial situation she and her husband were in. Jeanie and Victor have been together for over seven years now. She’s [...]

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We spend a lot of time talking about how to get out of debt on this blog. But it’s far more important to avoid getting into debt in the first place. How do you get into debt? My experience tells me there are 9 main reasons. Let’s examine these debt traps and discover what to [...]

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