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Category: Debt

Financing or Paying Cash for Cars

by Randy Chalmers on January 27, 2023.

Like Dave Ramsey says, a lot of people state they will always have a car payment, which is something I personally have said most of my adult life. This is because we’ve learned to budget our lives around paying our necessities like the mortgage, groceries, water, electricity, and…car payments? According to 2022 data from Experian,...

Credit Cards

by Randy Chalmers on December 12, 2022.

Like most topics, who you speak to about credit cards drastically impacts the narrative of why you should or shouldn’t use them. So instead of trying to change your mind one way or the other, let’s just look at some facts about credit cards. How does the interest rate work on my credit card? The...

$100 Left Over?

by Randy Chalmers on November 4, 2022.

We’ve discussed how people think they don’t have enough money to invest, so instead, they spend what they could have saved. But, what about those who are not yet investing, the ones who are on Dave’s Baby Step 2: pay off debt utilizing the debt snowball method? I know a lot of people reading this...

Are you Sinking your Funds?

by Michelle McEachin on September 9, 2022.

Are you sinking your funds?  We talk about budgets a lot around here. We believe that having a budget for your monthly expenses is terrific! But, don’t forget you have some expenses that are not monthly and some that are definitely not regular. Some bills will only come to your mailbox once a year. Bills...

Student Loan Forgiveness

by Randy Chalmers on August 26, 2022.

By now, you have most likely heard about the announced three-part plan to help working and middle-class federal student loan borrowers. Are you confused by the myriad of information you’ve seen? Then let’s go over some details. The Facts on the three-part plan: The loan repayment pause has been extended until 31 December 2022, this...