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Debt Reduction

Start the Decade Off Right: Pay Off Debt

by Luke Landes

Welcome to the 10s! It is unlikely this year will resemble Arthur C. Clarke’s classic science fiction novel. Rather than preparing for contact with intelligent life from another world, we could prepare for the coming years by making sure we have the tools and attitude for financial success. Here is one way to start the […]

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Free Gifts From Lending Club’s DebtBuster Challenge

by Luke Landes

As I mentioned yesterday, the path to getting out of debt can sometimes be aided by consolidating your credit cards or loans. You might, for example, transfer your credit card balances to the one card with the lowest interest rate. With credit card issuers’ current practices, that will likely be a variable rate, subject to […]

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Paying Off a 30-Year Fixed-Rate Mortgage in 15 Years

by Laura

We’re buying a town house and it has a been a huge learning process. We have been running the numbers and making sure everything works budget wise. While looking through some books and blogs, I noticed some people mention getting a 15 year fixed rate mortgage instead of a 30 year fixed rate mortgage. Talking […]

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50 Ways to Pay Off Debt Right Now

by Luke Landes

With some creativity and hard work you can become debt free. To help, here are 50 creative and simple ways to get out of debt. Different financial gurus have differing opinions on whether debt can be “good” or “bad.” In general, I believe some debt can be at least understandable, if not necessarily good. Some […]

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Changes to Student Loans Coming July 1

by Luke Landes

While it’s great to avoid debt whenever possible, if you have to deal with federal student loans, including Stafford and PLUS loans, you might qualify for some better deals starting July 1. Interest rates will be at the lowest rates in years. If you can consolidate, lock in rates after July 1. They will be […]

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When Going Into Debt is Worthwhile

by Luke Landes

On a macro level, debt was a force behind the incredible economic expansion over the past two centuries, and the availability of debt at the family level played a role as well. Despite all that debt has brought society, many financial gurus and authors vilify debt and explicitly call the idea of borrowing money “evil.” […]

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Suze Orman Says Stop Paying Off Debt

by Luke Landes

Recently, famous finance guru Suze Orman, who usually doles out sensible advice even if in an disrespectful manner, has advised the public to stop paying off credit card debt any faster than minimum payments allow in order to shore up a savings account that could last eight months in an income emergency. According to this […]

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Number One Frugality Tip: Don’t Be a Woman

by Luke Landes

I will admit that the title of this post is a bit inflammatory. I should specify that the more accurate number one frugality tip should be “Don’t be a woman (or a man, but in our society, mostly a woman) obsessed with beauty.” Newsweek illustrates this by breaking down the cost of female beauty maintenance […]

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Reader Question: Find Better Loan to Pay Off Student Loan?

by Luke Landes

Occasionally, readers email me with questions about their own personal finances. Considering I share so much of my own, it’s always interesting to get a peek into the issues other people are concerned about. In fact, right now, I am actively seeking reader questions to serve as launching points for a discussion I plan to […]

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Which Comes First: Paying Off Debt or Starting Emergency Fund?

by Luke Landes

Taking the first few steps to ensure your future financial stability can be daunting. There is so much to do, trying to decide where to start can result in wasted time, and wasted time is wasted money. Eliminating debt is often the first priority, and rightly so. If debt is in the form of credit […]

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