Category Archives for "Debt"

Ask Chuck: Good Financial Lessons From Bad Mistakes

Ask Chuck- Good Financial Lessons from Bad Mistakes

Dear Chuck, I’ve made many mistakes with money over the years. I live in regret of how I squandered so much and failed to prepare for the future. My wife is insecure and concerned that we don’t have enough saved or invested for retirement. We need to move forward but are making zero progress. Can […]

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 […]

Ask Chuck: Alternatives to Payday Loans

Ask Chuck: Alternatives to Payday Loans

Dear Chuck, I drive past those Cash Advance and Payday Loan places just about every day but had never paid much attention until one of my friends got in financial trouble. She had just lost her job and was behind on rent so she went to get an advance and it ended up being a […]

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: What Do You Do When You Hit Rock Bottom?

Ask Chuck What to do when you hit rock bottom

Dear Chuck, I have hit rock bottom with my finances. My wife and I got divorced last year and all the fallout from that forced me to file bankruptcy. As many do when they hit rock bottom, I’m trying to get back up but not sure where to start. I want to learn more about […]

Ask Chuck: Will Closing My Credit Cards Ruin My Credit Score?

Ask Chuck: Will Closing My Credit Cards Ruin My Score?

Dear Chuck, My husband and I fell on rough times and as a result, ended up with a LOT of credit card debt. We have prayed, worked hard, and paid it down as much as we can but still have some left. Together we have approximately 15 credit card accounts but only two have balances […]

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: Should Children or Parents Take On Student Debt?

ask chuck who should take on student debt

Dear Chuck, We have a son graduating high school this year and are trying to make plans for his college years. While he’s done an excellent job applying for and receiving scholarships, taking AP classes, and CLEP exams, we will still have to take out student loans. My question is who should take out the […]

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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