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Back To Basics: Using The Debt Snowball To Pay Off Debt

Back To Basics: Using The Debt Snowball To Pay Off Debt

The debt snowball is a very easy and effective technique for paying off debt.  It is a systematic way for the average person, like you and me, to attack and eliminate their credit card bills, car loans, student loans, and other forms of consumer debt. 
Debt drains our finances of its strength.  You need [...]

Back To Basics: Debt-Free Is The Path To Financial Success

Back To Basics: Debt-Free Is The Path To Financial Success

The goal is to get ahead with our money and start experiencing more success with our finances.  We want to return to the basics of financial wisdom to learn how to accomplish this.  One important way to achieve any financial goal is to observe what other successful people have done to win with their money.  [...]

Are Banks Responsible For The Credit Crunch Many Are Feeling?

Are Banks Responsible For The Credit Crunch Many Are Feeling?

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 [...]

Subprime Mortgage Crisis Is Going To Cost Us Money

Subprime Mortgage Crisis Is Going To Cost Us Money

I saw an article this week on CNN Money with the headline 70% of subprime borrowers aren’t getting help.  I do not get this.  The whole situation is ridiculous to me.  Why should people that took out subprime mortgages expect help?  They took out a loan that they can’t afford and the obvious result is [...]