Category Archives for "How to Get Out of Debt"

Ask Chuck: Should I Retire with a Mortgage?

Dear Chuck, Is it wrong to carry a mortgage in retirement? We are both preparing to retire but have 20 years left on our home mortgage.  Senior Mortgage Concerns    Dear Senior Mortgage Concerns,  My general response is to recommend that you (and everyone else) get completely out of debt before you retire. This verse […]

Ask Chuck: Paying Off Christmas Debt

Dear Chuck, The bills have arrived and reality has hit. We splurged at Christmas and failed to keep track of everything we bought. We know now! Can you share some tips on paying off holiday debt and how to avoid ever doing this again? Pay! Pal   Dear Pay! Pal, It is easy to get […]

Ask Chuck: 3 Steps to Pay Off Christmas Debt

Ask Chuck paying off christmas debt 2

Dear Chuck, Well, we went a little crazy this Christmas…the kids all love their presents but my husband and I are realizing how much we really spent. Our credit card statement hasn’t come in yet but I know we are going to be in for a rude awakening. What can we do to start paying […]

Ask Chuck: Debt Consolidation vs Debt Settlement

Ask Chuck Debt Consolidation vs Debt Settlement

Dear Chuck, My wife and I are working really hard to get out of debt. We are overwhelmed with 5 credit cards, 2 car loans, student loans for both of us, a mortgage, and furniture that we financed. We now clearly see the mistakes we made and the dangers debt can present. I’ve been doing […]

Ask Chuck: The Truth About Debt

Ask Chuck The Truth About Debt

Dear Chuck, My husband and I are just got married and are realizing the severity of our debt problems. We both just graduated with student loans, car loans, and some credit card debt. Until this point, we honestly didn’t know we should have been spending our money any differently. It was what everyone did and […]

Debt Snowball vs. Debt Avalanche: What’s The Best Method To Pay Off My Debt?

Debt is something that affects the vast majority of Americans today. In fact, Comet reports that 80.9% of Baby Boomers, 79.9% of Generation X, and 81.5% of Millennials are currently in debt. That’s a lot of people! The adverse effects of debt can be detrimental – it can greatly harm your physical, mental, spiritual, relational, […]

Ask Chuck: Should I Give or Get Out of Debt?

Ask Chuck: Should I Give or Get Out of Debt?

Dear Chuck, When should we begin tithing? We are currently in ‘the red’ each month, relying on credit cards to fill in small gaps. It will take us a couple of months to adjust and stop living paycheck to paycheck. Currently there is no extra, no savings, etc. If we tithe now, we will have […]

Ask Chuck: Choosing to Live Like You’re Poor

how to live like youre poor

Dear Chuck, I’m in my early twenties and finances are a topic of stress in my life and among my peers. One of my friends, who is about my age, just paid off his mortgage. How is that even possible? Others I know rely solely on credit cards and are in thousands of dollars of […]

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