Personal Finance Blog
So how exactly does one go about eliminating debt? it can be a daunting task. Especially if you’re in a situation like I was– looking up at over $50,000 of debt. But it is possible. You can do it.
Here are seven things you can do that will help you dump your debt.
Do you wish your personal financial life had a check engine light? Wouldn’t it be nice if when things weren’t going right in your financial life that something would light up on your dashboard and tell you that you needed to get it fixed?
I wanted to share some common mistakes people make with their personal finances. I am not picking on anyone, believe me, I have made most of these mistakes myself. And if you find yourself in a situation where you are being affected by these money mistakes, I’m hopeful you can look to my experiences for a little inspiration and hope. I’ve been there myself– I am a recovering money mistake-maker.
First of all, if you haven’t done your taxes yet, this is a good reminder to get on it. You still have time. Not filing your taxes is not something you want to mess around with.
So you’ve filed your taxes and you’re getting a refund– What are you going to do with it? What should you do with it?
A marriage has a higher likelihood for success if a couple can agree on these 4 things: Children, Religion, In-Laws, and Money. I didn’t make that up, I just read it somewhere and I think it makes sense.
Do you ever feel like you just don’t want to look at your bank account because you don’t want to know how much is actually there? Ever dread getting a paycheck, because you know every dollar of it will be spent the same day paying bills?
“If there is any one thing that will bring peace and contentment into the human heart, and into the family, it is to live within our means. –Heber J. Grant We’ve all heard the clichéd phrase “money can’t buy happiness.” Though having money does not lead directly to happiness, being in control of our finances […]
What does the Church of Jesus Christ of Latter-Day Saints teach its members about debt? I started my debt-free conversion in January of 2010. I describe this moment as a type of spiritual awakening—an ah-ha moment if you will. I was looking for a solution to my financial incompetence and I found it. It […]
In a recent survey, a simple question was asked, “If you were to face a $2,000 unexpected expense in the next month, how would you get the funds you need?” Alarmingly, of those polled, nearly 50% responded that it would be unlikely that they could secure the funds. This study suggests that half of all […]
The Emergency Fund A major component to winning financially is having an emergency financial reserve available at all times. And NO, a credit card or home equity line of credit or a quick trip to the local pay-day lender is not considered a good plan for a financial reserve. Instead, these things will only perpetuate […]
