Good debt can be a valuable tool in your financial arsenal. It can help you make large purchases like homes a reality, as well as be used in investing, which will ultimately increase your wealth and improve your quality of life. But how do you tell the difference between good and bad debt? In this article, we’ll cover the differences, and explain what to do if you have too much bad debt. What is good debt?  Good debt is debt that has the potential to build wealth. This means that it allows you to invest in assets that can increase in value and grow your net worth, such as real estate or e ..read more

If you still have debt in 2023, the most important thing for you to do is to start paying it off. With rising interest rates, carrying debt is only going to get more expensive. It’s easy enough to figure out how much debt you have, but it can be hard to come up with a plan to get rid of it that works for you. Here are four smart ways to take control of your debt this year: Try the debt avalanche method With continued interest rate hikes, the smartest way to pay off debt in 2023 is by focusing on your highest-interest debts first. If you pay off a debt with a high interest rate, you will save m ..read more

If you’re like many Americans, the idea of paying off all your credit card debt is enticing, but the reality is intimidating. Your mind might be telling you that there’s no way that can happen—not this year or in 10 years either. If so, it’s easy to fall into a cycle where you ignore your debt and just hope it goes away. But take heart! It doesn’t have to be this way anymore because we are going to inspire you to pay off credit card debt fast in the new year. Here’s how to get started: Make a list of all your debts and payments. The first thing you’ll need to do is create a list of all your de ..read more

Introduction Paying off debt is one of the best things you can do for your finances. Not only does it help you avoid late fees and interest charges, but also it allows you to build up savings for more important goals like retirement or a down payment on a home. However, many people think that they should wait until they have extra money before starting to pay off their credit card bills. But this is not always the best strategy: there are several reasons why paying off credit card debt as soon as possible can be beneficial! Waiting to pay off debt could cost you your financial security You mig ..read more

It’s a strange and seemingly dismal question, but have you ever thought about what happens to your debt when you die? Chances are you probably haven’t given it too much thought.   But here’s the thing: did you know that nearly 73% of Americans leave behind some form of outstanding debt when they die? Not only is this number significant, but it further solidifies the notion that, even though we may not enjoy thinking about our debt after death, it’s necessary if we carry a considerable amount. While you might think that your financial problems go with you when you pass away, that is c ..read more

What Does It Mean to Be Financially Secure? Financial security boils down to one word: confidence! When you’re financially secure, you’re confident in your ability to pay your bills, tackle debt, cover any emergencies, and achieve your future goals. It means you can spend less time stressing about money, and more time focusing on the other important aspects of your life. A common misconception about financial security is that it takes a lot of money. But here’s the truth: You don’t need to be fabulously wealthy to be financially secure. The secret to financial stability isn’t how much you have ..read more

Enero trae consigo una sensación de nuevos comienzos y es considerado a menudo uno de los meses más productivos para establecer las metas que esperamos alcanzar en el año venidero. Sin embargo, mientras continúan los efectos económicos de la pandemia del COVID-19, puede encontrarse cuestionando si ahora es realmente el momento adecuado para empezar a perseguir sus metas financieras de saldar su deuda. Para ayudarlo a responder esta pregunta, nuestros expertos opinan sobre lo que usted debería considerar en tiempos de incertidumbre y ofrecen información sobre los pasos que puede dar hoy para me ..read more

With recent economic signs pointing towards a possible recession in the future, you may find yourself questioning if now is really the right time to start pursuing your financial goals of paying down debt.  To help you answer this question, our experts weigh in on what you should consider during times of uncertainty and offer insight into the steps you can take today for improving your financial well-being tomorrow.  Do You Have an Emergency Fund in Place? Before deciding to focus your efforts on paying down debt, it’s essential to review your current financial standing. Ask yourself ..read more

Updated July 11th, 2022 Struggling with considerable debt can often feel like going to the gym and hiking up a stair climber: no matter how hard you work, there always seems to be more steps to climb. Just like the gym, you have options when it comes to your workout. Managing your debt is no different. Some people sign up for a debt repayment plan while others choose to consolidate their debts into a new loan. Consumers in debt have also opted to negotiate their debts down through a process known as debt settlement. So how do you know if debt settlement is the best choice for you? While there ..read more

Tener acceso al crédito puede ser financieramente liberador, especialmente cuando la vida lo toma por sorpresa, pero puede ser una carga también. Los saldos pueden írsele de las manos rápidamente, y la preocupación de salir de esa deuda puede causarle bastante estrés. Si hay algo que todos necesitamos menos, es el estrés. Puede sentir que nunca saldrá de las deudas, pero hay pasos que puede seguir para resolver sus desafíos financieros. Y a veces, el simple hecho de saber que tiene un plan puede ayudar a aliviar su ansiedad. Consejo 1: Haga un balance de sus finanzas. Es posible que se sienta ..read more