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How One Woman Paid off $55,000 in Debt in 3.5 Years

Posted by on 3:30 am in Debt | 13 comments

How did you acquire “$55,000.00” in debt?  What did that debt consist of? I created my debt, which was all credit card/unsecured debt, very mindlessly, one purchase at a time. I began using credit in my early twenties and spent over a decade accumulating debt before I finally dealt with my unhealthy money habits. I began use credit cards while in college and kept adding to the monthly balance. I never thought about paying the credit card balances in full each month or about the interest charges that kept piling on every month. For years, I...

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What is Value Based Spending, and How Can it Help You?

Posted by on 3:30 am in Money Habits | 4 comments

A trending topic in the world of personal finance today is that of “value based spending”.  Personal finance experts and bloggers everywhere tout the benefits of value based spending.  So, what is value based spending?  And more importantly, how can value based spending help you achieve your financial goals? I myself first learned about value based spending from my friend Shannon, who blogs over at The Heavy Purse.  Shannon, a Certified Financial Planner, author and personal finance blogger, is a pioneer in the art of teaching...

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How One Family Paid Off Nearly $110,000 in Credit Card Debt

Posted by on 3:30 am in Debt | 4 comments

How did you acquire “$109,000” in debt? What did that debt consist of? We were simply naive about money and budgets for a number of years. We continued to overspend, using credit cards to coverage shortages of cash. We used the philosophy of if we could manage the monthly minimal payment of the card we could afford it. I wish I could tell you what the debt was, we were so unorganized I really don’t know what it was made up of. We vacationed on credit, we ate out on credit, and we even consolidated a few times rolling a new car payment in a...

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How One Girl Dumped $14,500 in Debt While Working in Retail

Posted by on 3:30 am in Debt | 6 comments

How did you acquire $14,500 in debt? What did that debt consist of? I acquired my debt of $14,500 by simply over spending and not having control over my finances. I would justify my spending as rewards for my hard work. I would over spend on my only child (at the time) out of guilt. I would eat out almost every day. I bought a car because I wanted a nice car and I “deserved it” but it came with payments of $400 a month. My debt consisted of a $9,800 car loan and $4,700 in credit card debt. By 2010 I was living paycheck to paycheck...

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4 Things You Need to Teach Your Kids About Money Before They Graduate

Posted by on 3:30 am in Mentor, Money Habits | 9 comments

So much of the emphasis in today’s world regarding kids and education seems to be focused on “intelligent” learning, such as technology, foreign language, etc., however it’s vitally important that you teach your kids about money in a real and tangible way before they graduate from high school.  A college degree is a great thing, but too many kids these days head out into the adult world of life being a pro in their chosen field, yet not having any idea how to manage their new-found earnings.  With most schools not...

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