debt reduction

Debt repayment is not an expense

Posted 1 year 14 weeks ago by Philip Brewer

Over and over again, in budgeting articles and even books on personal finance, I see sample budgets that include debt repayment as if it were an expense. This shows a fundamental misunderstanding of what debt is. Your debt repayment is not an expense, it's an internal transfer. The only part that's an expense is the interest. The rest of the money was spent some time in the past, when you incurred the debt.

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Six Steps to Eliminating Your Debt Painlessly

Posted 1 year 14 weeks ago by Nora Dunn

Credit Cards

Eliminating Debt Painlessly. Rarely do you see these words fit together in a neat little sentence. The very act of putting your hard earned money towards the stack of debts you've accrued is painful. The good news is you can snowball your progress against mounting debts if you do it the right way.

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The seven deadly sins of consumerism (and the frugal redemption).

Posted 1 year ago by Paul Michael

Filed Under: Lifestyle

demon

Sit ye down, hold your loved ones tight, and get ready for the seven deadliest sins of the modern day consumer.

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How to live on $12,000 a year

Posted 1 year ago by Paul Michael

Filed Under: Budgeting

saving jar

In my first job out of college, I was on 12,000 English pounds per year. That was back in London in 1996, i was single, lived with two friends and only had rent and travel to pay for. And I still remember how tough that was. Well, one person is doing that right now (right here in the US of course) and recording the experience for us all to share.

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