Are you currently in the process of paying off debt? It's not easy, is it? Let me include you in on a little secret – that's how you know it's worthwhile. Nothing in this life that is worth doing is easy, and paying off your debt certainly counts as one of these challenges. But, hang in there and you will soon be debt-free and living a carefree life with more laughter than you can imagine.
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The Challenges of Trying to Get Ahead
I was recently talking to a friend about her finances, and she told me her biggest worry is trying to get ahead. With bills, rising rent, and increasing costs at the grocery store, it can seem like a big challenge to build yourself a solid financial future.
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When you’re in the middle of paying off debt, especially consumer debt, it’s easy to feel like you shouldn’t buy anything you want. I mean, after all, isn’t that generally part of the reason you got in debt in the first place? With that in mind, I was shocked when the debt counselor I worked with years ago said I had the freedom to buy the things I wanted…I just had to be disciplined about it. The problem can be how to do it though and how to do it wisely.
[Read more…] about How to Pay for the Things You Want While Paying Off DebtDeciding Which Student Loan Repayment Plan is Best for You
Student loan debt is a part of life for millions of current college and university students and graduates throughout the United States. Once the grace period ends on student loans, borrowers are required to begin what is in most cases the long process of repayment. Without making any changes to student loans, recent graduates are automatically put on a standard repayment plan that requires equal monthly payments over the course of ten years.
[Read more…] about Deciding Which Student Loan Repayment Plan is Best for You5 Steps to Paying Off a Mortgage Early
I worked hard to pay off my car loan in half the time, my student loans in two years, and the only debt I have left is my mortgage. That is something my friend Steve Stewart and I don't have in common. As of next week, he is completely debt free. In celebration of his mortgage payoff, he is sharing his story and payoff advice on some friend's sites. I am thrilled to be the third stop on the mortgage payoff tour!
[Read more…] about 5 Steps to Paying Off a Mortgage EarlyHow Student Loan Payments Work
Over 40 million Americans have student loan debt, and the average balance people owe is hovering just below $30,000. With $1.2 trillion in outstanding student loans in the United States, it is important to understand how student loans work so you can get out of debt as quickly as possible.
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