Blog Archives

Savings Day – No Debt Christmas – No Interest

Eliminate interest payments to save more. At the end of October, credit card interest rates were around 16%. Now, that’s crazy. One way to build savings is to stop paying credit card interest each month. How? You start paying off your cards in full. Every month. You think that’s impossible? Just pick a method and […]

Get Out of Debt and Give

Getting out of debt grants freedom to be more generous. Determine the first debt you want to pay off. Choose one with high-interest or the one that troubles you the most. Next, select a realistic date to pay it off and share your desire with someone who will hold you accountable. Adjust your lifestyle and […]

Record Credit Card Paydown – 1st Half of 2020

Need some hope? WalletHub’s Credit Card Debt Study reports that Americans paid down a record amount of credit card debt during the first half of 2020. The greatest reduction occurred during the 2nd quarter of this year, largely due to unemployment benefits and household spending cuts. A WalletHub analyst said: “It may seem counterintuitive that […]

Debt Collectors

1 in 4 Americans have at least one debt in collections. If that’s you, here are some helpful tips. Debt collectors can only call you between 8 a.m. and 9 p.m. unless told otherwise. They can’t harass you with repeated calls, threats, or abusive language. Law prohibits them from coming to your workplace to collect […]

Financial Stress

Financial stress got you down? The founder of the Financial Therapy Network says  that worry and stress over money “contributes to headaches, stomach problems, ulcers, heart problems, high blood pressure, and other ailments.” If you’re suffering, invite the Lord to intervene and give you peace in the midst of this trial. Ask Him for wisdom […]

Pray First – Don’t Panic!

Do you have a bill that’s due right now and no way to pay it? Don’t panic! When life gets hard, it’s tempting to run to the fastest, easiest source of help to relieve the pain. Unfortunately, that often worsens the situation. It’s like trying to pull a painful splinter without the proper tool. You […]

Don’t Add to Credit Card Debt

Got credit card debt? Do you want to get rid of it this year? To eliminate debt, you have to stop adding to it. The average American holds 52% more debt today than they did a decade ago. Think about it! When you’re sick, you take care of yourself. It’s the same with money. Diabetics […]

Depressed Over Finances

Are you depressed over your finances? Financial struggles affect our lives. People who carry debt have higher rates of depression and anxiety than those who are debt-free. A recent survey showed that 42% reported debt as a source of high or moderate anxiety. Now if that’s you, it’s time to get your finances in order…now. […]

$120,000 Debt Paid Off

It’s Crazy Money Day, and today we’ll see how a young couple paid off a mountain of debt in under 3 years! Quenton and Marchelle Ross had $120,000 in combined student loan debt, and it was a huge burden.  So, they got serious. Quenton said they cut back wasteful spending, going out to eat, buying […]

401(k) to Pay Off Debt

Thinking about using your 401K to pay off debt? There are a few situations where paying off debt with your 401k may make some sense. Layoffs or hardship situations like significant medical expenses, purchasing a home to prevent foreclosure or eviction or necessary home repairs MAY qualify. And, other debt is sometimes considered an eligible […]