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 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?
Since I began my journey to live debt-free, I’ve come across a whole lot of naysayers who seem to think my new perspective on money and debt is flawed. People are always trying to influence me and debate with me on why I should be in debt, or why it is ok to go into […]
I’ve emphasized the importance of reading quality books, specifically regarding money and finance, and always learning as much as we can on the subject. Becoming competent in the area of personal finance and always being determined to improve our financial literacy is important when striving for financial independence. If you haven’t already, I highly recommend […]
But before ye seek for riches, seek ye for the kingdom of God… And after ye have obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will seek them for the intent to good—to clothe the naked, and to feed the hungry, and to liberate the captive, and […]
A major factor in achieving financial independence and converting your life into one that is free of debt is learning to live on less than you make. Mastering this skill is difficult and it requires discipline, planning and budgeting, and the ability to say NO to that voice inside your head screaming “I want that!” […]
The first step, and the most important factor in debt elimination, is a firm commitment to reject debt… This change in attitude is not subtle or gradual but rather resembles the flip of a switch—it’s a resolute determination to make a clean break from the culturally accepted addiction to debt. –Luke V. Erickson […]
Total Debt Paid: $24,992 Total Debt Remaining: $51,984 Pay the debt thou hast contracted… Release thyself from bondage. (D&C 19:35). The snowball just isn’t moving as fast as it used to. But I’m not giving up on my goal of getting out of debt. If you are in debt and have found the […]
This article was originally written and published by the Church News and posted on June 11, 2011 at ldschurchnews.com. To view article in its entirety click here. Bondage of Debt Published: Saturday, June 11, 2011 In October 1929, the collapse of the U.S. stock market set in motion a national and worldwide economic downturn so […]
Today I heard a report on KSL Radio (Salt Lake City, Utah) regarding payday lenders. The report stated that in the state of Utah payday loan collections and claims make up 37% of all cases in Utah’s justice courts. So who are the people taking out these high interest quickie loans? And what are the […]
