Cleaning up $270,000 of debt sounds scary. But with a $260,000 income and other changes, you could put $90,000 a year on this and be done in three years.
Making and living on a budget isn't rocket science. It’s a simple, written planning process where you give a name and a job to every dollar you make before the month begins.
Mom has wrong idea about an old loan. Offer to be her biggest cheerleader and help her find a good financial coach, but under no circumstances take a loan she took out and put it under your name.
There’s no upside to not paying what you owe. It’s an integrity issue, it’s a legal issue, and it’s a credit issue. Start knocking out the debt that’s in collections from smallest to largest.
When you’re trying to take control of your money, saving for an emergency fund is a crucial part of the process. Keep that emergency fund safe from your spending this holiday season.
Managing money in a marriage isn’t a “his” or “hers” thing. It’s a “we” thing. Be honest with your spouse if you've been putting away money for the two of you on the sly.
