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.
[Read more…] about Give Yourself Small Rewards While Paying Off DebtPaying off debt
How to Avoid Wage Garnishment
One unfortunate side effect of not paying off debt – or not being able to pay off debt – is that your hard earned wages can be garnished. This means that a percentage (up to 25%) of your paycheck can be taken out to help repay that debt. While wage garnishment is a reality for some people, it is often a last resort for creditors – but one they feel they must take.
How to Overcome Being Tired of Paying Off Debt
Paying off debt, whether it be due to credit cards or something like student loans can be difficult – to say the least. When you’re wallowing under a pile of debt it can seem like it will never end and that you’ll always be dealing with this burden of debt. As someone who has been through that journey, I understand the emotions that arise and know that there need to be ways to overcome them. [Read more…] about How to Overcome Being Tired of Paying Off Debt
What to Do if You Find Yourself in Credit Card Debt
I would imagine that many of us have either dealt with credit card debt, or at least know someone who has. The fact that the average household has more than $15,000 of credit card debt (of those that have credit card debt) tells me that many are intimately acquainted with such debt.
If you have dealt with it, then you can relate to how unbearable the feeling might be, but the good thing to remember is that it is possible to slay the beast of credit card debt. While I am disciplined with my credit cards now, and use them to leverage free money for vacations I was not always that way. I discovered the lure of the credit card in college and graduated with almost $25,000 in consumer debt. The tips I’ll share are not so much action-oriented, rather, they’re ways to wrap your mind around the debt so you can start to work on paying it off.
[Read more…] about What to Do if You Find Yourself in Credit Card Debt