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Articles in Debt Management

A Way to Look at Credit Card Debt that Should Scare you In to Beating it
Mon, 03/10/14 | 8 Comments
A Way to Look at Credit Card Debt that Should Scare you In to Beating it

The average credit card APR these days is ~15.4% (with many north of 20%).
Actually, with monthly compounding balances, the effective APR is almost 1 percentage point higher. So let’s say 16%.
What this means, in simple …

Should you Contribute to a 401k or IRA when in Debt? Apply the 5% Cutoff Rule
Thu, 12/26/13 | 9 Comments
Should you Contribute to a 401k or IRA when in Debt? Apply the 5% Cutoff Rule

One of the most common financial topics brought up at the work lunch-room table (or really anywhere, now that I think about it) centers around the old save for retirement vs. pay off debt debate.
The …

Should Payday Loans be Banned?
Mon, 03/18/13 | 26 Comments
Should Payday Loans be Banned?

Nothing good can come from a payday loan.
According to new research from Pew, the average payday loan borrower must pay back $400 within two weeks, but can only afford a $50 payment. What comes next? …

Secured Debt vs. Unsecured Debt: Which you Should Pay Off First?
Mon, 02/11/13 | 16 Comments
Secured Debt vs. Unsecured Debt: Which you Should Pay Off First?

As you begin your own personal adventures in credit and debt land, you’ll notice an interesting phenomenon: borrowing rates vary quite dramatically from one type of loan to another.
Credit cards, for example, can have interest …

Will Obama’s Student Loan Relief Plan Help you & Our Country?
Mon, 10/31/11 | 17 Comments
Will Obama’s Student Loan Relief Plan Help you & Our Country?

We have a tuition inflation problem in this country. As a result, we have a student loan debt problem as well.
Student debt was higher than credit card debt for the first time ever in 2010 …

Pay Off Student Loan Debt or Save for Retirement? Help a Reader!
Wed, 06/22/11 | 36 Comments
Pay Off Student Loan Debt or Save for Retirement? Help a Reader!

Finally reaching the point where you have positive cash flow to be able to choose to pay off your debt or invest is never a bad thing.
But it often creates some tough decisions for people.
When …


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