Ah going off to college. So many courses and majors to choose from. Some are great and others are a complete waste of your time
Category: Debt
Don’t be a money fool
The average person is a money fool. Why would you say something like that? Because it’s true….financially. BTW Mr. T’s classic 1980s quote is “I
How credit cards get you in trouble
Credit cards are the devil! If you have a credit card debt you will understand this statement very well. Here is why I say this.
Save Big on Housing
If you rent you can try to reduce your housing costs as follows. Get roommates to share the rent. A friend of mine had the
Unhiding Interest Rates In Monthly Payments
Let’s get back to our example of Gullible Greta from the vendor financing post and change the numbers a bit. Recall she is in the
Calculating Monthly Payments Easily
Here I am going to show you how to use a financial calculator to do time value of money calculations you would need to calculate
Trailer Trouble
We often hear about unfortunate events happening at trailer parks such as say tornadoes. These potential places of disaster are also places of financial disaster.
College savings, How to do It
Saving for college should start early to maximize compounding Take advantage of college savings plans offered by your state. The contributions grow tax free for
Time Shares,Vacation homes, RVs
Time shares: No, don’t take the tour and sign up! While this might seem like a good idea they are hard to sell once you
Monthly Payment Trouble
Beware of high financing costs baked into the payments. Always know the cost of the item and the cost of the financing. Most of the
Rewards Cards are Great… Sometimes?
Reward cards in my view deserve special mention. I don’t encourage their use as they are a form of debt unless you plan to pay
Picking up payments
Pickup trucks for the weekend warrior. They sure are popular in today’s economic climate. As I go to the office I see more and more
Avoid Expensive Toys (boats, RVs, ATVs…)
Toys, toys, toys for all the good boys. No! There is no Santa and you are adults with jobs and responsibilities. Big boy toys are
Debt in retirement is a big no no
Never take debt into retirement or accumulate debt in retirement. You may have to go back to work full time! Not cool and they may
Car Loan Trap
I don’t like car loans. The reason for this is you are making payments on a depreciating asset with interest. People often also end up
Credit Card Bill Payoff
Credit cards are the worst kind of debt. You are paying high interest on stuff you probably didn’t need to buy in the first place.
Paying off student loans
Ah student loans, seemingly so innocent when signing the promissory note but in reality deadly serious. Why do I say that? Federally backed student loans
