How to Pay Off Credit Card Debt

How to Pay Off Credit Card Debt

How to Pay Off Credit Card Debt

I know, I know, we’ve all been there, and it’s easy to say, but usually hard to do. What’s more, all of this credit card debt didn’t appear instantly, and it’s not going to go away instantly either. We’ll try to show you how to pay off credit card debt in a reasonable time frame, but it’s very important that you have your mind set to do it.

Getting rid of this bad debt may seem next to impossible, but it is absolutely possible. If paying your bills at the beginning of the month gives you a View full post…

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Posted: August 6, 2021
Under: Credit Cards
By: Gust Lenglet
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Pay Off Debt or Invest

Pay Off Debt or Invest

Pay Off Debt or Invest – Which is Better?

Either one is an acceptable goal, but is one better than the other, or maybe you should do both? There are many opinions to the answer to this question, so let’s explore some of them. People who have created a budget and have extra cash, are sometimes faced with this dilemma.

So, should you pay off debt or invest that extra cash? A broad answer is there is no one size fits all situation. It all depends on a lot of factors surrounding your personal financial circumstances.

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Posted: July 16, 2021
Under: Money Management
By: Gust Lenglet
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Do You and Your Spouse Fight Over Money?

Do You and Your Spouse Fight Over Money?

Do You and Your Spouse Fight Over Money?

If so, you may be surprised to know how much damage it can do to your marriage. The problem usually isn’t just short-term either…it can result in a lingering resentment. Couples that fight over money often times don’t have a money discussion before the marriage.

The American Institute of CPA’s conducted a study a few years back regarding this issue, and the results were eye-opening to say the least. They reported that View full post…

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Posted: June 18, 2021
Under: Budgeting
By: Gust Lenglet
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Dealing with Debt Collectors

Dealing with Debt Collectors

6 Tips When Dealing with Debt Collectors

In today’s world, many individuals are having trouble paying their bills and are dealing with stress and anxiety. Many others are just simply overwhelmed with the entire situation and don’t know where to turn. If you’re in this stressful situation, don’t despair. Just because your unpaid debt has been turned over to debt collectors, you still have some measure of control.

Who are these debt collectors?

A debt collector is usually some third-party organization who is paid to View full post…

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Posted: June 4, 2021
Under: Debt Retirement
By: Gust Lenglet
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10 Safe Tips to Get Out of Debt

10 Safe Tips to Get Out of Debt

10 Tips to Get Out of Debt and Keep You Out 

Whether you want to get out of debt or want to avoid it, what matters is you’re inspired to be better. But how do you start? Well, I’m here to help you with that! Today I bring you 10 tips that will help you get out of debt and keep it that way. If you make life habits out of these tips, you will never have to deal with the headache and stress of debt ever again.

  1. Check Your Statements Regularly

If you want to get out of debt, you need to start paying attention to detail. You won’t notice things such as a recurring fee on your credit card bill for that gym you don’t go to anymore if you don’t check your statement regularly. If you monitor your personal finances like a hawk, you won’t ignore View full post…

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Posted: May 26, 2020
Under: Debt Retirement
By: Gust Lenglet
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How to Get Rid of Debt Now

How to Get Rid of Debt Now

Do You Know How to Get Rid of Debt? – 10 Helpful Tips

Do you know anyone who is living a debt free life? Do you want to live without the stress of meeting loan obligations every month? Read on and see how to get rid of debt once and for all.

Debt-free individuals usually share the following ten similar characteristics that enables them to live below their means. There’s nothing here that is so highly technical that prevents anyone else from copying.

  1. Start paying attention to details – As an example, if you don’t review your monthly credit card statement closely, there may be charges on there that shouldn’t be. Debt free individuals monitor their personal finances very carefully.

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Posted: June 15, 2018
Under: Debt Retirement
By: Gust Lenglet
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Living On a Budget Without Overspending

Living On a Budget Without Overspending

Overspending. Who Me? Try Living On a Budget.

Most of us have asked ourselves that question on numerous occasions, sometimes in disbelief. We never dreamed that it would be possible, until we look at our credit card balances that have been slowly increasing. Would living on a budget prevent that?

Usually, overspending is not a conscious effort. It could start with something as simple as meeting friends on the way to work for a latte. Your cash is spent so you just charge the drink, no big deal.

A couple of times during the week, the same friends suggest that you have dinner with them. You are shocked when the credit card bill arrives and you add up those unplanned charges that total $320.00.

You didn’t realize how easy it was to overspend without being aware of it.  Now how do you tell your friends that you can’t View full post…

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Posted: August 11, 2017
Under: Budgeting
By: Gust Lenglet
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Emergency Fund or Debt Reduction

Should I Pay Off Debt With All of My Emergency Fund?

 Set up an emergency fundYou can ask several financial planners this same question and you will get different responses. Some will advise you to get rid of all credit card debt. Some will say to setup an emergency fund first to cover such expenses as a major car repair or some large expenditure in your home.

What are you supposed to do, however, if you have an emergency fund and the balance in it is just enough to repay all of your credit card debt? Wouldn’t the credit card debt with very high interest rates be considered an emergency expenditure?

Don’t deplete the emergency fund to repay debt

The general consensus here is no, don’t use the entire balance of the emergency fund to repay your credit cards. Instead, just use some of the cash savings to repay some of the debt. Keep some of the savings available for a bona fide emergency.

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Posted: June 16, 2017
Under: Debt Retirement
By: Gust Lenglet
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How To Pay Off Debt Fast

How To Pay Off Debt Fast

How to Pay Off Debt Fast While Living on a Budget

 

With student loans at an all-time high and record delinquencies, millennials want to know how to pay off debt fast. Increasing debt is becoming a major concern and more than half of a survey group said they felt overwhelmed because of high debt.

 The millennial group surveyed had twice as many complaining of high debt as the 49 to 59 age group and the obvious question is why? What do you think the reason is? Please share your comments below.

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Posted: December 26, 2015
Under: Debt Retirement
By: Gust Lenglet
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How to Pay Off Debt Fast

How to Pay Off Debt Fast and Stay Debt Free

 Learn how to pay off debt fastThese strategies will show you how to pay off debt, and are not unique – you may have heard them before. However, if you feel like you’re drowning in debt and don’t know what to do about it, you’re not alone. The average couple in the USA is faced with $15,000.00 in credit card debt alone in a 2014 analysis and it is climbing.

Some folks say there are some easy ways to learn how to pay off debt, but we both know, it is not easy. If it were, nobody would have open credit card debt. View full post…

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Posted: November 7, 2015
Under: Debt Retirement
By: Gust Lenglet
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