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Tag Archives: get out of debt

Banish Debt Like A Boss At Frugal Woods

climing the mountain of debt

Are you struggling with debt? Do you lie awake at night worrying about making monthly payments? Do you feel like you’ll owe Visa until the day you die? Don’t worry, you’re not alone. Today I’m excited to be guest posting at Frugal Woods. Mr. and Mrs. FW are the rare exception in today’s society. They have never had debt troubles! Since I have had my fair share of debt experience, I’m helping with their series in Demystifying Personal Finance. I’ll be talking about how to mentally prepare to pay off debt and steps people should take to get banish debt once and for all. I hope you all will check out Banish Debt Like a Boss at Frugal Woods.

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Getting Out of Credit Card Debt: What You Should Know About Balance Transfers

save money on credit card interest

Are your high interest rates causing you to dig yourself deeper into debt? We’ve all been there at least once or twice in our lives. We receive what appears to be a great offer for a credit card, open the account, mismanage our spending, and eventually, end up in debt. What was once a $2,000 expense has over time turned into a $3,000 expense as the interest rates continue to add up. So what do you do? Allowing the problem to persist essentially means a ruined credit score, which in turn prevents you from borrowing in the future. A more effective solution would be to consider transferring the balance on your card to a new card with lower (or zero), interest rates. However, before you start applying, here’s a bit of information that would be beneficial to know in advance. 1. You’re Obtaining a New Card to Pay off the Old One The concept behind balance transfers is removing the debt from the old and adding it to the new. For example, let’s say you have a high interest credit card asking you to pay 13% and you have a balance of $2,000; you’ll have to pay approximately $347 per ...

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Get Out of Debt-Debt Heroes Book for Free

Monday, March 25th and Tuesday, March 26th, you can download a FREE copy of a new book by Jeff Rose and Ben Edwards called Debt Heroes: How 21 Ordinary People Paid Off Over $1.7 Million in Debt. I don’t receive any money from this book or for promoting it, but  I was fortunate that the authors let me contribute a chapter about my debt repayment story. I don’t know that it makes me a hero. A true hero would avoid debt altogether, but if someone can read my story and be motivated to take steps to get out of debt, that makes telling the story worthwhile. I think there are some really good stories and tips in this book, so download it for free while you can! Get Debt Heroes on Amazon Monday and Tuesday for free! Here is the link: http://www.amazon.com/dp/B00BLLT79W

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Ten Ways to Turn Your Wasted Time into Learning about Debt Management Programs

Are you in the habit of wasting time? Do you want to make better use of your time? If so, then you are not alone. We all want to be productive in order to get ahead in our lives. Surely, you must be aware of the time that you are wasting and probably thinking of ways to utilize it more efficiently. Debt management programs are programs aimed at getting you out of your debt. Following are some ways with which you can turn your wasted time into learning about debt management programs to improve your financial position: 1. Browsing the Internet to Learn About Debt Management Programs There is a lot of information available on the internet about debt management programs. Instead of wasting your time thinking about trivial things, it is better to utilize your time in learning about how these programs work. These programs are aimed at getting you out of debt by scheduling a payment plan through which you can pay off your debt and avoid bankruptcy. There are professionals who deal with debt management every day, and they are available via the Consolidated Credit website.

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Debt Movement: Get Rid of Debt Payments Once and For All

Unfortunately debt has become the accepted standard in today’s society. If you don’t have half a dozen revolving credit accounts, a jumbo mortgage, and a couple of new cars, you aren’t living. Debt is so accepted that I’ve known people, self included, who graduated from school and couldn’t wait to start applying for credit so we could fill our lives with the things that everyone tells us we need. Thirteen years later, I have a different view. After years of interest payments, balance transfers, chasing 0% offers, and trying to track when payments were due, I’m done with debt payments. Debt has become a four letter word in our house. Is There A Such Thing as Good Debt? You’ve likely heard the argument that a “good” debt is one that allows you to potentially better yourself in some way. Student loans are good because they allow you to earn more money with a college degree. Mortgage debt is good because you are able to have equity in the place where you live.

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