There’s a difference between good debt vs. bad debt. One helps you increase your net worth and leverage your assets to build wealth. The other leaves you owing money on depreciating assets with little to no hope of getting a good return.
If you’re facing the question of whether to pay off debt or save, the answer isn’t necessarily a straightforward one. However, there are some good financial lessons you can apply to decide, in your own case, which is more important right now.
Dave Ramsey’s 7 Baby Steps have helped thousands of people around the world to get out of debt. He blends together tough love, religion, and money management advice that helps people fix their financial habits and choices.
If you need help paying bills ASAP, ignoring calls and avoiding the mail can make the problem worse. There are organizations to help you get through a number of rough patches and back on your feet again.
Getting out of debt is hard, but it can be even harder when your spouse isn’t working with you. If you want to get your partner on board with paying off debt, there are several ways to approach the conversation to make it productive.
If you’re struggling to pay off medical debt, there are steps you can take to reverse the course. You don’t have to let medical debt take control of your life. Here’s how to pay off your medical debt and get back on track.
Debt is a four-letter word in many households. Some people don’t want to face their debt head on. Whether it’s because they’re ashamed or they don’t know how they’re going to pay it back, ignoring debt can become a significant problem.
There are three primary options for debt relief: debt settlement, debt management, and debt consolidation. While they have similar objectives — to help you manage and pay off your debt — they all operate with some slight differences.
Refinancing your student loans is a straightforward process, but it can be daunting if you’ve never refinanced a loan before. Learning how to do it can save you thousands of dollars, accelerate your debt payoff, and change your financial life.