Pay It Down!: From Debt to Wealth on $10 a Day
Author: Chatzky, Jean
Publisher: Portfolio Trade
Year Published: 2006
Rating:
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The average American has a decent job but $8000 in debt and no savings to speak of. Money keeps them up at night and they wonder how they’ll be paying their bills at the end of the month. Pay It Down offers a simple plan to pay off your debt in three years with only $10 a day. Continue reading »
Do Credit Cards Engage In Deceptive Advertising?
An article from Reuters questions some of the Tricks of the credit card trade – namely, all those offers to give you a rate as low as 8.99%.
It’s the “as low as” that’s the kicker. Your actual rate could be much higher, but you won’t know until you provide them with specifics about your finances and your social security number. It’s only after you apply that you’ll learn your rate and who much you’ll be approved for. Continue reading »
Stats of 2005 Tax Refunds and Why Tax Refunds Cost You Money
According to Newsvine, the IRS is reporting that about 80% of taxpayers who filed their federal tax returns by mid-March claimed a refund. And the average refund is $2,380, up about 4% from last year’s average of $2,290 Continue reading »
Credit Card Debt Reduction Strategies (Part 2)
From everything I’ve read, there are two general strategies for paying off debt.
- pay off the credit cards with the lowest balance first
- pay off the credit cards with the highest interest rate first
Credit Card Debt Reduction Strategies (Part 1)
As mentioned in a previous post, I’m drastically trying to eliminate my credit card debt. I’m about half way to my goal, and plan to have all credit cards paid off in about 6 months. Here are some tips I’ve been using: Continue reading »
State of My Finances and The Benefits of Credit Cards
There are a lot of strategies for reducing debt. My goal, which I hope to achieve in the next 6 months, is to have paid off all my credit card outstanding balances. Once that is paid off, I will start working on paying off my small mortgage of undergrad and grad student loans. Continue reading »