Articles on Debt Management

Contributing to a Roth Versus Paying Down Debt

This post was prompted by a reader question, but it's an issue that many people face—we see versions of it all the time in the forums.

Get a Grip on Your Debt: How to Obtain a Clear, Concise Financial Snapshot

Before we can tackle our debt problems, we need to know from where we are starting.

How to Botch Up, Then Peddle Back to Good Credit

As a young adult, I thought I had a firm grasp on being financially responsible. But I never really understood my credit score, or even why it was important to build a good score.

Get Out of Debt First, Then Focus on Saving

When you’re in debt, it’s nearly impossible to save money. The money you save while paying off debt is not likely to earn as much interest as the interest you pay towards your debt

The Debt Trap: Factors That Have Led Us To Our Debt

We're a nation of borrowers. This reality is quite well illustrated by the personal stories and profiles covered by various media publications on the subject of consumer debt. Rec

A Society of Fear

Society has been organized to make the wage slave/debt slave trap the default path for almost everyone.

3 Ways Paying Off Credit Cards Is Like Playing Beer Pong

Paying off your debt isn't as FUN as playing beer pong, of course, but it's a much better way to think about it than your old wrinkly neighbor would have it.

Worried About Debt? Tips On Managing Your Loans

If you've got a lot of loans under your belt, you'll want to make sure that you're able to manage them well, or risk wrecking your credit by making a late payment somewhere. Deali

5 Ways to Live Better Without Spending More

The most simple-minded measure of your standard of living is how much money you spend: spending more equals living better. Reality is more complex. There are a lot of ways to li

Forgiven Debt Isn't Really Forgiven At All

Thinking of settling that debt with your credit card companies? You might want to think again. While debt settlement offers can be very attractive, there's often a nasty little sur

Debt-Free Living IS Attainable: If You Want It, You Can Have It

Everyone loves talking about getting out of debt. It's easy to imagine the benefits. The trick is realizing that this lifestyle is actually attainable. It's a very real choice.

10 Tricks to Save Money with Credit Cards

The most credit savvy among us have been able to use credit cards to their benefit in order to wisely and optimally save money even while charging on their cards. If you are carefu

Acknowledge You Have a Problem with Debt

Debt limits freedom. It's as simple as that. The process of getting out of debt first starts with acknowledging that it really is a problem. This simple act will radically impro

Wage slave, debt slave

This article has its roots in an article I wrote some time ago that used the terms wage slave and debt peonage—terms that some people objected to. Those making free choices aren't

When to Use Savings to Pay Off Debt

One of the most common questions over on the Wise Bread forum is some variation on, "I have $X in savings but $Y in credit card debt. Should I use the savings to pay down the debt?

Look Out Consumers: Debt Collections Get Scarier

While consumers already have to be on constant alert about so many things involving their personal finances, there are still those that find ways to take advantage of a bad situati

5 Strategies To Wipe Out Your Credit Card Balance

I have a couple of friends who live by their credit cards.  Unfortunately, they both have lower income jobs and live in survival mode, while continuing to participate in one financially detrimental pastime -- which is to shop without remorse.&nb [more]

Another path to recovery: higher incomes

Preventing a collapse of the financial system is part of preventing a depression. However, the shorthand term for this--getting the banks able and willing to lend--is misleading.

Can't Get A Bank Loan? 8 Other Ways To Finance Your Business

Starting a business can easily become a money pit. So for those of you thinking about launching a new venture, what financing options do you have? Well, there's the possibility

Best of Personal Finance: Credit Where Credit Is Due Edition

Credit cards are fun for the whole family, until the bills start rolling in and you are expected to hand over your hard-earned money for the stuff you bought on plastic. In this we