Archive for the ‘Debt Reduction’ Category

Credit card debt going DOWN?! Mass hysteria!

Sunday, August 23rd, 2009

DINKs Finance jogged my memory of this U.S. National Debt Clock in a recent post, so I popped over to check it out. Of course, it's mostly really bad news:  $11.7 trillion on the national debt; another person gets unemployed every 20 seconds; the unfunded liabilities like Social Security, Medicare, and ...

An important Carnival of Debt Reduction announcement

Wednesday, August 19th, 2009

(This post is a bit off-topic but I want to get the word out quickly on this.) I'll take time now to thank Debt Sucks for hosting this week's Carnival of Debt Reduction and also for his next post on why he's never, ever hosting a blog carnival again. I've been watching ...

Don’t fear hyperopia and go into debt

Wednesday, July 22nd, 2009

This month's Wired magazine (subscribe) had a review of a couple dozen rules for tech-savvy folks, and one of them dealt with the subject of hyperopia.  Hyperopia means "excessive farsightedness" and describes people who sacrifice today for gain tomorrow more than most people do.  The negative consequences of hyperopia are ...

Round your debt payments up

Tuesday, July 14th, 2009

This is a bit of a mind trick but it's helpful to reduce debt.  If your credit card minimum payments are $78, $187, and $365, make them $100, $200, and $400.  If your car payment is $210, make it $250 or $300.  If your mortgage payment is $879, pay the ...