When is debt consolidation a good idea (and when it is not so great)?
When we were in debt we didn’t even have the luxury to ask when is debt consolidation a good idea. We had to consolidate because we had so much debt that simply paying the credit card minimum payments was pushing us further into debt. We didn’t stop...
How Has My Relationship with Money Changed Over the Years?
Editor’s note: You, friend, already know I’m very interested in the softer side of money management, including the way our relationship with money shapes our financial health and wealth. Here is a wonderful guest to share the evolution of her relationship with money:...
Debt Freedom Lessons From 15 Personal Finance Bloggers Who Have Paid Off Their Debt
Debt and how to pay it off is very much on the agenda again. While we still can only guess the size of the economic fall out of the Corona pandemic, it is clear that many experienced unprecedented financial hardship and could cope only by increasing their debt. And...
Can You Pay Off Your Debt? Here is How You Know for Sure (And What to Do About it If You Find You Cannot)
For years people have been telling you that you can pay off your debt – just spend less than you earn. But here is the thing: paying off your debt is not always as easy as cutting out some ‘fat’ from your budget. It is a bitter truth to process and accept, but...
Focus on Money Part One: Debt Inventory
A couple of weeks ago, I told you that it is time to focus on money because succumbing to Covid is no longer very likely. Creating a debt inventory is the first step to taking a decisive step towards improving your money situation over the next year. You may...
