photo credit: kivanc
Recently, we covered step 1 on how to get out of debt - stopping the bleeding, or preventing the accrual of additional new debt. Preventing added debt is essential when trying to break free of debt, however, you’re still going to be in the red unless you find a way that [...]

photo credit: ppdigital
Driven by Emotions
When all it takes to buy something you are interested in is to plug in a number, or swipe with your hand, what’s preventing your emotions from taking over and making rash, irrational decisions? If there was a spectrum for frugality from 1 to 10, with 1 being bankruptcy and [...]

photo credit: millicent bystander

There are many theories on what the best way to pay off your debts is, but before you should even start talking about paying off your debts, you’ll first need to stop the bleeding (accumulating more debts). In order to do that, let’s first discuss good debt, bad debt, secured debt, [...]

Building and maintaining a workable personal budget is essential for anyone looking to get out of debt, stay out of debt, and figure out what kind of cash flow they have available for investments. The personal finance blog, Get Rich Slowly, recently had a post with free spreadsheets to use as personal budget sheets. I [...]

photo by XaOS

Not keeping track of what’s coming in and what’s going out each month can lead to stress and many sleepless nights (not to mention financial disaster). Creating a personal budget is easier than you think and can give you deep insight into where you’re at financially and where you could go. I recommend [...]