Debt Repayment: How Do We Do It?

As many of us look over our financial picture, we find that we've allowed some bad debt to creep into the frame. And, before we get too far into this post, this isn't going to just be another avalanche (focus on highest interest rate first) vs snowball (focus on smallest balance first) post. My path … Continue reading Debt Repayment: How Do We Do It?

Finunciate’s Rules for Revolving Debt (Credit Cards)

https://youtu.be/EDPzzxsMDms Finunciate's Rules for Revolving Debt (Credit Cards) Alright. I haven't exactly been shy about how my younger self got into a pretty sizable amount of debt, and how much of that debt was due to improper use of credit cards. So, it may come as a bit of a surprise that I haven't sworn … Continue reading Finunciate’s Rules for Revolving Debt (Credit Cards)

Revolving Debt: Your Money’s Persistent Houseguest

I got my first credit card when I was in college. I had somehow gotten pre-approved for a card with a $500 limit. All I had to do was fill out a form and mail it back to the bank. My parents had just gotten me my own car, which I needed for a co-op … Continue reading Revolving Debt: Your Money’s Persistent Houseguest

A Tough Cell

In my last post, I alluded to the state of my finances in the first decade of the 21st century. How bad had my finances gotten? Well, at their worst, I can remember something along the lines of this somewhere in the neighborhood of 2005: About $20,000 in student loans (already consolidated at "record lows" … Continue reading A Tough Cell