There are several reasons why some folks resist making changes in their lives, even when those changes would make things a lot better and easier for them.
There are three good uses for money — spending, saving and giving and you be doing all three while you’re working your way out of debt, towards wealth, and after you become wealthy.
There’s a ton of value and self-esteem that go hand-in-hand with being paid for a job well done. Given your child a chance to earn some money doing kid-sized, age-appropriate tasks.
When you have no credit, a lender has to do what’s called a manual underwriting. It’s something lots of banks did back in the day and a few places still work this way.
A lot of people trash talk the idea of budgeting, and make up all kinds of excuses for not living on one. The truth is a written monthly budget is essential when it comes to beating debt.
The secret to making a goal into a reality is getting started. It’s really that simple. Making a budget and gaining control of your finances works the same way.
While it’s tempting when you’ve got the debt-free bug to hold back on retirement saving to pay off your house, it’s not the shortest distance between where you are right now and wealth.
If you do some research and buy wisely, you can get a good year or two out of a $1,500 car. Do some saving and after that, you should be able to pay for a better ride.
The idea of saving up to pay for things should be the default setting in your brain, instead of starting a cycle of borrowing. That's being responsible with money.
A couple has found a 15-year refinance at 2.5%. Their monthly payment will go up, but Dave Ramsey thinks this is an opportunity they shouldn't pass up.
A good way to simplify budgeting, especially for couples, is by making it a team effort. It’s important to make sure your spouse is on board, and knows what’s up with the budget.
Wanting to financially help family members is a noble and caring thing. But first, ask yourself if your generosity is really helping them or if you’re just enabling bad behavior.
When it comes to dealing with debt collectors, keep track of all the calls and emails. If you don’t know your rights, they can scare you by using bogus threats.
