Archive for the 'Debt' Category
Accelerating your mortgage payments
Wednesday, November 15th, 2006Your monthly payments on your mortgage go to pay both interest and principal on your loan - during early years, the interest component is much higher than your principal. If you have a 30 year loan, during the first year more than 90% of your payment goes towards interest.
Many investors don’t like the idea […]
Dealing with College Debt.
Friday, September 22nd, 2006The best time to deal with College debt is before it starts! Barring a few, most people today need to rely on loans for completing a degree. But quite apart from this, there’s also the other side - personal expenses. And with credit cards available for the asking, it’s tempting to use it to ease […]
Finding Bankruptcy Alternatives
Friday, August 18th, 2006We posted an article today titled Alternatives to Bankruptcy. Many people find that since the new Bankruptcy Law passed in 2005 it is not as easy to file for bankruptcy.
But sadly this still has not dropped the filing rate. More americans than ever are drowning in debt with little hope of ever getting out. Statistics […]
Basics of Personal Finance
Sunday, August 13th, 2006Personal finance basics are the foundation to a successful future. But what is personal finance and what are the basics that affect everyone regardless of financial stature.
Personal Finance is defined as the management of individual or family financial resources to create enough wealth to achieve the basic needs, chosen lifestyle, and aspirational goals of the […]
Should You File Bankruptcy?
Monday, June 26th, 2006There are several factors regarding personal bankruptcy that you need to consider before you can make an informed decision regarding whether or not filing bankruptcy is the right course for you to take…