#debt-management

[ follow ]
#financial-advice
Cryptocurrency
from24/7 Wall St.
1 month ago

Zero-Interest Credit Cards: The Ultimate Financial Hack or Financial Grenade?

Zero-interest credit cards may provide short-term relief but could lead to high long-term costs if not managed properly.
Retirement
from24/7 Wall St.
2 months ago

I Used to Think Paying Off My Mortgage Early Was Always Best, but These 10 Factors Changed My Strategy

Paying off a mortgage early may not justify the financial trade-offs involved.
from24/7 Wall St.
1 month ago
Bootstrapping

Dave Ramsey reveals why he's like paying off small debts first, even if the math suggests otherwise

The Debt Snowball method promotes paying off the smallest debts first to achieve quick wins and build momentum, despite potential higher long-term interest costs.
from24/7 Wall St.
1 month ago
Retirement

Dave Ramsey: Do These 5 Things Now to Achieve Wealth Within a Decade

Adhering to five financial principles ensures wealth creation, according to Dave Ramsey.
from24/7 Wall St.
4 weeks ago
Relationships

Should I Keep the Timeshare Gifted to Us, Even Though We Don't Travel to Hawaii?

Timeshares can be a burdensome financial liability for many vacationers, especially due to high maintenance costs.
from24/7 Wall St.
4 weeks ago
Cryptocurrency

Ramsey Said "A High Credit Score Does Not Equal Success", And He's Sort of Right, But There Are Big Benefits.

A high credit score doesn't guarantee financial success, but building credit remains important for opportunities.
Cryptocurrency
from24/7 Wall St.
1 month ago

Zero-Interest Credit Cards: The Ultimate Financial Hack or Financial Grenade?

Zero-interest credit cards may provide short-term relief but could lead to high long-term costs if not managed properly.
Retirement
from24/7 Wall St.
2 months ago

I Used to Think Paying Off My Mortgage Early Was Always Best, but These 10 Factors Changed My Strategy

Paying off a mortgage early may not justify the financial trade-offs involved.
from24/7 Wall St.
1 month ago
Bootstrapping

Dave Ramsey reveals why he's like paying off small debts first, even if the math suggests otherwise

The Debt Snowball method promotes paying off the smallest debts first to achieve quick wins and build momentum, despite potential higher long-term interest costs.
from24/7 Wall St.
1 month ago
Retirement

Dave Ramsey: Do These 5 Things Now to Achieve Wealth Within a Decade

Adhering to five financial principles ensures wealth creation, according to Dave Ramsey.
from24/7 Wall St.
4 weeks ago
Relationships

Should I Keep the Timeshare Gifted to Us, Even Though We Don't Travel to Hawaii?

Timeshares can be a burdensome financial liability for many vacationers, especially due to high maintenance costs.
from24/7 Wall St.
4 weeks ago
Cryptocurrency

Ramsey Said "A High Credit Score Does Not Equal Success", And He's Sort of Right, But There Are Big Benefits.

A high credit score doesn't guarantee financial success, but building credit remains important for opportunities.
more#financial-advice
#government-spending
Germany politics
fromwww.nytimes.com
3 weeks ago

Germany Is Falling Apart (Literally). Here's How the New Government Might Fix It.

Germany's new government plans to borrow 500 billion euros for infrastructure investment after lifting constitutional spending limits.
US politics
fromBusiness Insider
2 days ago

Warren Buffett says US spending is 'unsustainable,' but doesn't envy DOGE and its efforts to fix it

Buffett highlights that reducing government spending is challenging yet essential given the U.S. debt is 'unsustainable'.
Germany politics
fromwww.nytimes.com
3 weeks ago

Germany Is Falling Apart (Literally). Here's How the New Government Might Fix It.

Germany's new government plans to borrow 500 billion euros for infrastructure investment after lifting constitutional spending limits.
US politics
fromBusiness Insider
2 days ago

Warren Buffett says US spending is 'unsustainable,' but doesn't envy DOGE and its efforts to fix it

Buffett highlights that reducing government spending is challenging yet essential given the U.S. debt is 'unsustainable'.
more#government-spending
#financial-planning
Retirement
from24/7 Wall St.
2 months ago

I make $200k a year but I don't enjoy it and called Dave Ramsey up to see if he thinks I should keep at it or not

A lawyer with $88,000 in debt should remain in his job until pay off his debt
from24/7 Wall St.
2 weeks ago
Retirement

Am I Making a Mistake Paying $700 a Month on My Student Loans Instead of Investing for Retirement?

Paying off federal student loans early may not be the best financial decision, particularly with a low interest rate.
from24/7 Wall St.
2 days ago
Retirement

We're 37 and got a late start on retirement savings. How much should we aim to save now?

You can start catching up on retirement savings even in your 30s with careful budgeting and investing.
fromPsychology Today
2 months ago
Miscellaneous

5 Costly Self-Talk Phrases That Can Trap You in Debt

Debt begins often with a simple phrase and can become a serious burden.
Understanding the full cost of an expense is crucial in avoiding debt.
Future income should never be gambled with when considering purchases.
from24/7 Wall St.
2 months ago
Miscellaneous

I was on track to retire early, but I got saddled with debt and now I'm trying to figure out how to get back on track

Joe's financial situation exposes the risks of high debt despite a high income.
from24/7 Wall St.
3 months ago
Miscellaneous

I'm 26 making $73k a year - how much should I be saving for retirement today?

Saving 15% to 20% of your paycheck for retirement is ideal, but prioritize emergency funds and debt repayment first.
Retirement
from24/7 Wall St.
2 months ago

I make $200k a year but I don't enjoy it and called Dave Ramsey up to see if he thinks I should keep at it or not

A lawyer with $88,000 in debt should remain in his job until pay off his debt
from24/7 Wall St.
2 weeks ago
Retirement

Am I Making a Mistake Paying $700 a Month on My Student Loans Instead of Investing for Retirement?

Paying off federal student loans early may not be the best financial decision, particularly with a low interest rate.
from24/7 Wall St.
2 days ago
Retirement

We're 37 and got a late start on retirement savings. How much should we aim to save now?

You can start catching up on retirement savings even in your 30s with careful budgeting and investing.
fromPsychology Today
2 months ago
Miscellaneous

5 Costly Self-Talk Phrases That Can Trap You in Debt

Debt begins often with a simple phrase and can become a serious burden.
Understanding the full cost of an expense is crucial in avoiding debt.
Future income should never be gambled with when considering purchases.
from24/7 Wall St.
2 months ago
Miscellaneous

I was on track to retire early, but I got saddled with debt and now I'm trying to figure out how to get back on track

Joe's financial situation exposes the risks of high debt despite a high income.
from24/7 Wall St.
3 months ago
Miscellaneous

I'm 26 making $73k a year - how much should I be saving for retirement today?

Saving 15% to 20% of your paycheck for retirement is ideal, but prioritize emergency funds and debt repayment first.
more#financial-planning
#personal-finance
Career
from24/7 Wall St.
2 months ago

The 7 Obvious Signs You're Poor Despite "Looking Rich"

Many people misrepresent their financial status by appearing wealthy while they are actually in debt.
Key indicators of pretending to be rich include a high debt-to-income ratio, lack of emergency savings, and excessive credit card usage.
Career
from24/7 Wall St.
2 months ago

I earned $2,000 worth of credit card rewards while raising my credit score from 590 to 715

Using credit cards wisely can earn beneficial rewards and improve credit scores.
from24/7 Wall St.
2 months ago
Bootstrapping

I have a 650 credit score, and 8 credit cards but want to get down to 3. What's next?

The ideal number of credit cards varies by individual, but managing a few cards responsibly is key to good credit.
from24/7 Wall St.
1 month ago
Cars

Americans Have $1.66 Trillion of Car Debt - 5 Ways to Make Sure You Don't Buy Too Much Car

Americans face a staggering $1.66 trillion in auto loan debt, signaling a potential financial strain for many households.
from24/7 Wall St.
2 weeks ago
Mental health

At 26, I'm paying off 13,000 in debt while caring for my disabled mother-how can I break free from financial fear?

Managing debt as a caregiver is challenging, but forming a realistic budget is essential.
Career
from24/7 Wall St.
2 months ago

The 7 Obvious Signs You're Poor Despite "Looking Rich"

Many people misrepresent their financial status by appearing wealthy while they are actually in debt.
Key indicators of pretending to be rich include a high debt-to-income ratio, lack of emergency savings, and excessive credit card usage.
Career
from24/7 Wall St.
2 months ago

I earned $2,000 worth of credit card rewards while raising my credit score from 590 to 715

Using credit cards wisely can earn beneficial rewards and improve credit scores.
from24/7 Wall St.
2 months ago
Bootstrapping

I have a 650 credit score, and 8 credit cards but want to get down to 3. What's next?

The ideal number of credit cards varies by individual, but managing a few cards responsibly is key to good credit.
from24/7 Wall St.
1 month ago
Cars

Americans Have $1.66 Trillion of Car Debt - 5 Ways to Make Sure You Don't Buy Too Much Car

Americans face a staggering $1.66 trillion in auto loan debt, signaling a potential financial strain for many households.
from24/7 Wall St.
2 weeks ago
Mental health

At 26, I'm paying off 13,000 in debt while caring for my disabled mother-how can I break free from financial fear?

Managing debt as a caregiver is challenging, but forming a realistic budget is essential.
more#personal-finance
#finance
Digital life
from24/7 Wall St.
2 months ago

Seriously, get and use a credit card. There are 5 big reasons they're better

Credit cards are integral to American financial life; 82% of adults use them for managing expenses and larger purchases.
Miscellaneous
fromTechCrunch
3 months ago

Wall Street banks plan sale of X debt at a discount | TechCrunch

Bankers are seeking to offload debt from Elon Musk's social network amid financial volatility and advertiser concerns.
from24/7 Wall St.
6 days ago
Retirement

This Once Dominant Dividend Stock Is About To Come Back to Life

AT&T may soon increase its dividend as it improves financially and reduces debt after past cuts.
from24/7 Wall St.
1 week ago
Retirement

I Stopped Using Credit Cards - Here's How It Changed My Spending Habits

Credit cards can harm finances if mismanaged, leading to debt and damaged credit scores.
from24/7 Wall St.
3 months ago
Graphic design

Dave Ramsey Is Right: "You Don't Need a Credit Score to Thrive"

You can thrive financially without a credit score, but it requires careful financial management and comes with certain disadvantages.
from24/7 Wall St.
1 week ago
Retirement

Dave Ramsey says that 97% of people who say they will do this personal finance "hack" don't actually do it

People often plan to pay off 30-year mortgages in 15 years but rarely follow through, making 15-year loans a better option.
Digital life
from24/7 Wall St.
2 months ago

Seriously, get and use a credit card. There are 5 big reasons they're better

Credit cards are integral to American financial life; 82% of adults use them for managing expenses and larger purchases.
Miscellaneous
fromTechCrunch
3 months ago

Wall Street banks plan sale of X debt at a discount | TechCrunch

Bankers are seeking to offload debt from Elon Musk's social network amid financial volatility and advertiser concerns.
from24/7 Wall St.
6 days ago
Retirement

This Once Dominant Dividend Stock Is About To Come Back to Life

AT&T may soon increase its dividend as it improves financially and reduces debt after past cuts.
from24/7 Wall St.
1 week ago
Retirement

I Stopped Using Credit Cards - Here's How It Changed My Spending Habits

Credit cards can harm finances if mismanaged, leading to debt and damaged credit scores.
from24/7 Wall St.
3 months ago
Graphic design

Dave Ramsey Is Right: "You Don't Need a Credit Score to Thrive"

You can thrive financially without a credit score, but it requires careful financial management and comes with certain disadvantages.
from24/7 Wall St.
1 week ago
Retirement

Dave Ramsey says that 97% of people who say they will do this personal finance "hack" don't actually do it

People often plan to pay off 30-year mortgages in 15 years but rarely follow through, making 15-year loans a better option.
more#finance
#credit-cards
from24/7 Wall St.
4 weeks ago
Mental health

Americans Now Have $1.21 Trillion of Credit Card Debt, the Highest on Record - 7 Ways to Make Sure You Don't Take on Too Much

American credit card debt exceeded $1.21 trillion by the end of 2024, prompting a need for new debt management strategies.
from24/7 Wall St.
1 month ago
Mental health

There Is Nothing Wrong With Credit Cards - You're Just Using Them Wrong

Use credit cards responsibly to avoid financial pitfalls.
Paying off your balance monthly is crucial to maintaining good credit.
Correct myths about credit cards to make informed decisions.
from24/7 Wall St.
2 weeks ago
Women

My Sister-in-Law Ran Up $12K on Our Credit Card - How Can We Recover the Money?

Family-related financial fraud can cause emotional turmoil and complicate relationships.
Authorized users can create legitimate but harmful financial obligations if misused.
from24/7 Wall St.
2 months ago
Online marketing

I see a lot of of "$200 cash back if you spend $2000 in 6 months" kind of deals. Are these worth it?

Credit card bonuses can be beneficial if used responsibly.
User discipline is essential to avoid credit card debt.
from24/7 Wall St.
1 week ago
Cryptocurrency

How I Used a Balance Transfer to Manage My Debt - Here's What Happened

Balance transfer cards provide promotional 0% APR periods valuable for debt management, but users must understand their terms.
Careful management of multiple transfers on a balance transfer card is essential to avoid confusion around promotional periods.
from24/7 Wall St.
3 weeks ago
Cryptocurrency

I May Have a 720+ Credit Score, But Am Still Missing Out By Using A Debit Card.

Using a credit card smartly can earn rewards, especially for those with good credit scores.
from24/7 Wall St.
4 weeks ago
Mental health

Americans Now Have $1.21 Trillion of Credit Card Debt, the Highest on Record - 7 Ways to Make Sure You Don't Take on Too Much

American credit card debt exceeded $1.21 trillion by the end of 2024, prompting a need for new debt management strategies.
from24/7 Wall St.
1 month ago
Mental health

There Is Nothing Wrong With Credit Cards - You're Just Using Them Wrong

Use credit cards responsibly to avoid financial pitfalls.
Paying off your balance monthly is crucial to maintaining good credit.
Correct myths about credit cards to make informed decisions.
from24/7 Wall St.
2 weeks ago
Women

My Sister-in-Law Ran Up $12K on Our Credit Card - How Can We Recover the Money?

Family-related financial fraud can cause emotional turmoil and complicate relationships.
Authorized users can create legitimate but harmful financial obligations if misused.
from24/7 Wall St.
2 months ago
Online marketing

I see a lot of of "$200 cash back if you spend $2000 in 6 months" kind of deals. Are these worth it?

Credit card bonuses can be beneficial if used responsibly.
User discipline is essential to avoid credit card debt.
from24/7 Wall St.
1 week ago
Cryptocurrency

How I Used a Balance Transfer to Manage My Debt - Here's What Happened

Balance transfer cards provide promotional 0% APR periods valuable for debt management, but users must understand their terms.
Careful management of multiple transfers on a balance transfer card is essential to avoid confusion around promotional periods.
from24/7 Wall St.
3 weeks ago
Cryptocurrency

I May Have a 720+ Credit Score, But Am Still Missing Out By Using A Debit Card.

Using a credit card smartly can earn rewards, especially for those with good credit scores.
more#credit-cards
Higher education
from24/7 Wall St.
1 week ago

These Are the States with the Highest Student Loan Debt per Capita

The U.S. Department of Education will restart federal student loan collections on May 5, 2025, after a long pause due to the pandemic.
#financial-independence
fromAll Singles And Married
2 weeks ago
Retirement

FINANCIAL LITERACY QUESTIONS AND ANSWERS

Financial freedom allows individuals to make choices without financial constraints, relying on passive income and savings.
fromIrish Independent
2 months ago
Cars

Mairead Loughman: 'The best advice you can ever have, especially as a female, is to maintain some level of financial independence'

Childhood experiences shaped my approach to spending and saving money.
Maintaining financial independence is crucial for women, especially after having children.
fromAll Singles And Married
2 weeks ago
Retirement

FINANCIAL LITERACY QUESTIONS AND ANSWERS

Financial freedom allows individuals to make choices without financial constraints, relying on passive income and savings.
fromIrish Independent
2 months ago
Cars

Mairead Loughman: 'The best advice you can ever have, especially as a female, is to maintain some level of financial independence'

Childhood experiences shaped my approach to spending and saving money.
Maintaining financial independence is crucial for women, especially after having children.
more#financial-independence
#investing
Real estate
fromBusiness Insider
2 months ago

From 'dead broke' to 'lump sum checks': Why this investor says home flipping is the best way into real estate if you avoid 3 mistakes

Kevin Hart advises new investors to start with house flipping to gain quick capital, but warns of the risks involved.
Real estate
fromBusiness Insider
2 months ago

From 'dead broke' to 'lump sum checks': Why this investor says home flipping is the best way into real estate if you avoid 3 mistakes

Kevin Hart advises new investors to start with house flipping to gain quick capital, but warns of the risks involved.
more#investing
#investment-strategy
from24/7 Wall St.
4 weeks ago
Retirement

3 Make-or-Break Questions for Anyone Eyeing Retirement in the Next 20 Years

Asking key questions about income streams and debt management is essential for successful retirement planning.
from24/7 Wall St.
4 weeks ago
Retirement

3 Make-or-Break Questions for Anyone Eyeing Retirement in the Next 20 Years

Asking key questions about income streams and debt management is essential for successful retirement planning.
more#investment-strategy
#credit
Bootstrapping
fromBusiness Insider
2 months ago

I was rejected for a car loan because my credit score was in the 300s. Now, I'm a multimillionaire, and I drive luxury cars.

Transforming credit from bad to good can lead to wealth-building opportunities.
Financial education and responsible debt management are critical for financial success.
from24/7 Wall St.
1 month ago
Writing

I Received My Truck Title Saying My Loan is Paid Off, But I Still Owe $7K-What Should I Do?

Assume you owe money on loans until paid off to avoid credit damage.
Bootstrapping
fromBusiness Insider
2 months ago

I was rejected for a car loan because my credit score was in the 300s. Now, I'm a multimillionaire, and I drive luxury cars.

Transforming credit from bad to good can lead to wealth-building opportunities.
Financial education and responsible debt management are critical for financial success.
from24/7 Wall St.
1 month ago
Writing

I Received My Truck Title Saying My Loan is Paid Off, But I Still Owe $7K-What Should I Do?

Assume you owe money on loans until paid off to avoid credit damage.
more#credit
from24/7 Wall St.
1 month ago
Renovation

I owe $17K in mortgage payments and face daily panic attacks-can I get a loan modification?

Banks typically prefer loan modifications over foreclosure, especially if the borrower resumes regular payments.
UK politics
fromwww.theguardian.com
1 month ago

Visual analysis: How the markets boxed in Rachel Reeves

Rachel Reeves' spring statement reflects a shift in economic conditions marked by rising borrowing costs and debt management challenges.
Europe news
fromwww.mediaite.com
1 month ago

Trump Claims Europe Has Raped and Pillaged' the United States

Trump accuses the EU of economic exploitation, claiming the U.S. has been harmed by unfair trade practices.
from24/7 Wall St.
1 month ago
NYC parents

My daughter refuses my 'live at home' rule for college - should I still pay or hold firm?

A mother seeks financial advice on college funding for her daughters, highlighting the importance of family rules and fairness in financial decisions.
fromSustainable Bus
2 months ago

Ebusco has relocated 74 previously-cancelled buses and obtained 22 million in debt financing - Sustainable Bus

Ebusco secures €22 million in debt financing to manage upcoming cash shortfalls and implement a turnaround strategy.
European startups
from24/7 Wall St.
2 months ago
Business

Dave Ramsey says these are the two questions that separate rich people from poor people

The mindset of wealthy individuals focuses on total affordability, while those in debt often concentrate on initial down payments.
from24/7 Wall St.
3 months ago
Business

I followed Dave Ramsey's plan and paid off over $200k in just a little over 2 years

A caller paid off $234,000 in 31 months by dramatically increasing her income and working extreme hours.
Miscellaneous
fromPCMag Australia
3 months ago

Elon Musk Tells Employees X Is 'Barely Breaking Even'

Elon Musk acknowledges X's financial struggles, stating the company is barely breaking even amid stagnant growth and an advertiser exodus.
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