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?

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

How Did This Happen…TO ME?

It wasn't supposed to be like this; not for me, at least. I was the kid whose attention was grabbed by the financial splash screen on the nightly news that highlighted the day's close for the Dow Jones Industrial Average, the S&P 500, and prices for things like gold and oil. When I would spend … Continue reading How Did This Happen…TO ME?

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

Broken Down and Stranded

In September of 2008, I had a chance to visit the country of Zambia in sub-Saharan Africa.  And, while that trip still holds so many memories for me, I wouldn't realize how one of those memories would remarkably parallel my financial state of that time, until recently. On the last couple of days of the … Continue reading Broken Down and Stranded