Last week I brought up the story of a friend that needed help paying off debt. There were lots of great responses with different ways to get rid of the debt.
A recap of the situation (see the story for all the details):

Personal Line: $3,500 balance @ 15% - $7,000 limit
Credit Card #1: $2,300 [...]

Posted July 3, 2008 in Credit cards, Debt, Taxes | 2 Comments »

It’s not exactly perfect, but I found something pretty close. We just refinanced with a 5/5 Adjustable Rate Mortgage. The terms actually equate to very inexpensive 10 year mortgage if you choose to use it that way.
Adjustable Rate Mortgages
We previously had a 5/1 adjustable rate mortgage. I discussed our original reason for having an [...]

Posted June 26, 2008 in Debt, Our budget | No Comments »

Last night I got a call from a friend looking for some financial help. He has $14,300 in debt and has a goal to be debt free by November. Before I put together a plan for him, I’d like to hear what you have to say about it!
Debt Details
Here are the details of his debt:

Personal [...]

Posted June 24, 2008 in Credit cards, Debt | 11 Comments »

After going back and forth about selling my car, I finally said goodbye to the car last week. It was a little sad, because I loved that car! But since the kids didn’t fit, it truly wasn’t working.
Here’s a recap of the sale process and a summary of what worked and what didn’t. [...]

Posted June 10, 2008 in Debt, Savings | 11 Comments »

According to some estimates, every household, on average, wastes 15% of its income (if you make $4,000 a month, this amounts to $600). This wasted money disappears into needless things that do not offer any real and lasting value. Things like lattes and money for useless knick-knacks that do nothing more than gather dust. Impulse [...]

Posted May 20, 2008 in Debt | 7 Comments »