Higher prices and lower home values are contributing to the credit crunch that many Americans are feeling right now. I saw a story this week on ABCNews about a guy who owes $78,000 of debt at least part of which is on unpaid credit card bills. According to the story, he repeatedly accepted new credit card offers he received and continued charging as his credit limit went up.
Read more »Carnival of Everything Finance: #16
The Carnival of Everything Finance: #16 is up at Everything Finance. My article 50+ Resources to Legitimately Raise Your Income was included along with some other very interesting articles.
Please be sure to stop by and check out the carnival!…
Read more »Things I Learned Living on a Budget – Part 3
I have lived on a budget for almost two years now. As a result, I have paid off all my debt except the mortgage and have began building an emergency fund of 3 to 6 months of living expenses. Living on a budget has taught me a lot about money. In Part 1 of this series, I wrote about how living on a budget changed my attitude toward money. …
Read more »Things I Learned Living on a Budget – Part 2
Yesterday in Part 1, I wrote about how people often resist the idea of living on a budget and how I used to be one of those people until I learned that a budget is the path to a wealthier, freer, and simpler life. Yesterday was about the big picture. It was about how budgeting has impacted my thinking and attitude. Today, I want to share a few of …
Read more »Things I Learned Living on a Budget – Part 1
Some people are going broke to avoid living on a budget. They hate the thought of a budget so much that they will do practically anything to get out of it. The problems our state and federal governments have with budgets is well publicized and probably just a symptom of our cultural aversion toward budgets. The idea of creating a budget has caused many marital fights and probably even some …