How I destroyed a $20,000 car

It was a cold wintery Illinois day on December 31, 2013. The last day of the year, and one of the supposed best days of the year to go car shopping. Dealers want to get rid of their inventories, and the holiday season means plenty of auto manufacturers are offering discounts. So what was I doingContinue reading “How I destroyed a $20,000 car”

Debt Update: $34,030.34

It’s been about five months since my last post, so here’s an update. First of all, I’m no longer preparing for a wedding – my former fiancée and I decided it best to call it off as we both work on ourselves and deal with some personal issues that would prevent us from having a happy, long-lasting marriage.Continue reading “Debt Update: $34,030.34”

7 Secrets to Getting Out of Debt That You Don’t Want to Hear

You’re strapped with debt, up to your eyeballs in loans and don’t see a way out. What do you do? Pay it off! Duh, right? Recognizing the problem is the easy part. What’s next? You figure out how to get to the finish line. It seems so far away, but you’d do anything to getContinue reading “7 Secrets to Getting Out of Debt That You Don’t Want to Hear”

Emergency fund, check! Zero balance on credit card, check!

Today is a good day. I’m happy to report that I’ve paid off the entire balance on my Citi credit card! I carried a balance on that thing for over a year! Fortunately, I only had to pay interest charges for the past two months ($30 total or so). I first got the Citi cardContinue reading “Emergency fund, check! Zero balance on credit card, check!”

A non-profit that helps to pay down student loan debt?

Are you looking for a non-profit that helps to pay down your student loan debt? Funny thing, because such a concept really doesn’t exist. Go ahead, take a spin on Google. Let me know what you find. Okay, I know there are organizations that provide financial counseling and education to help you get out of debt,Continue reading “A non-profit that helps to pay down student loan debt?”

Why can’t lowering student loan rates be this easy?

As I’m sitting here wondering how my fiancée can fastest pay down her two highest-interest student loan debts, a strange idea came to mind. But first, let me preface my idea by noting that her two highest-interest student loan debts are private loans she received from a local credit union before starting college. She tried having the interestContinue reading “Why can’t lowering student loan rates be this easy?”

No financially sound reason exists to get a payday loan

I read a blog post the other day that listed the pros and cons of getting a payday loan, why you should get one, and things to remember when you do get one. It was completely horrible and misguided financial guidance. In fact I assume it was written by someone in the evil industry. TheContinue reading “No financially sound reason exists to get a payday loan”