1. Life After Debt: Tips for Helping You to Become Debt Free

    young woman cutting credit cardBorrowing money on various occasions is a normal part of life for many people in the United States. When unexpected situations arise, or during financially tight times, we often turn to our credit cards. Unfortunately, debt can quickly grow if we do not closely monitor the charges and do not pay our credit card bills in full and on time each month.

     

    The average household in the U.S. has a credit card debt of $15,480, according to the personal finance website NerdWallet. The average mortgage debt stands at $156,474, and student loans account for an additional $33,424. Many families face a debt so large that they think they’ll never be able to pay it back in full.

     

    Many ways are available to help people manage their finances and pay back debt. This might require making some hard decisions, but eventually those decisions can pay off – literally.

     

    Here are some tips to help address debt and move toward financial freedom:

     

  2. Avoiding Debt: Five spending habits to stay on the right path

    Cutting Credit CardsIf you fall into debt, finding your way out can sometimes seem nearly impossible. As interest continues to compound, your payments increase and the strain on your finances worsens every month. To prevent this from happening, avoid debt in the first place by practicing these five smart spending habits.

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    Categories: Saving Money
  3. How to Reduce Your Debt and Save Money on Credit Cards

    Man Using Credit CardThe recent recession accelerated an already growing debt crisis for many Americans. Parents can easily become overwhelmed by their debt levels and the typically high interest rates that come with unsecured loans and credit cards. However, if you can maintain control and stay somewhat objective, you can systematically reduce your debt, while saving money on credit card interest and fees. Here are tips to create a successful plan to reduce your debt.

    Categories: Saving Money
     
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