debt

Mary Castillo: How to plan for emergency expenses

Though experts recommend a solid savings account, sometimes you may need to rely on other sources of funds https://financialpost.com/personal-finance/debt/mary-castillo-how-to-plan-for-emergency-expenses #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Mary Castillo: How to plan for emergency expenses Read More »

63-year-old wonders whether she can retire with 0,000 debt

63-year-old wonders whether she can retire with $100,000 debt

Vanessa may want to wait a couple of years and retire at 65 when she is debt-free, financial adviser suggests https://financialpost.com/personal-finance/family-finance/63-year-old-wonders-can-retire-with-debt #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

63-year-old wonders whether she can retire with $100,000 debt Read More »

The Difference Between Debt Consolidation Loans and Debt Management Programs

Debt consolidation loans and debt management plans are strategies that can allow you to streamline your monthly payments and get out of debt. Each can help you gain control of your debt, and potentially save money on interest. But debt consolidation and debt management use different tactics, and they may have different impacts on your

The Difference Between Debt Consolidation Loans and Debt Management Programs Read More »

How Long Does Debt Consolidation Stay on Your Credit Report?

Debt consolidation is a process that involves paying off one or more existing debts with a new loan or credit card, preferably with a lower interest rate. When you open new credit, it can have a temporary negative impact on your credit score. On the other hand, if you use consolidation to pay off your

How Long Does Debt Consolidation Stay on Your Credit Report? Read More »

Bought Stock On Margin At A 12.575% Interest Rate And Survived

If there’s one thing I don’t recommend, it’s buying stock on margin. Due to the volatility of stocks and high margin interest rates, borrowing money to buy stocks is a bad idea. Conversely, I’m not opposed to buying a home on margin, namely through a mortgage, if buying follows a homebuying guideline like the 30/30/3

Bought Stock On Margin At A 12.575% Interest Rate And Survived Read More »

How to Pay Off Debt in a Year

You can pay off debt in a year by prioritizing your debts, sticking to a budget and looking at debt consolidation or balance transfer options. Credit cards are a clear target for a one-year repayment timeline, especially since they carry high interest rates. The average credit card balance was $6,501 in 2023—a 10% increase from

How to Pay Off Debt in a Year Read More »

Two seasonal financial strategies that are worth keeping for next year

Sandra Fry: These money saving strategies can benefit everyone’s budget, year-round https://financialpost.com/personal-finance/debt/seasonal-financial-strategies #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Two seasonal financial strategies that are worth keeping for next year Read More »

Be aware of ‘Christmas creep’ and keep holiday spending affordable

Sandra Fry: With retailers ramping up their marketing tactics to get you to spend more money, here are ways to avoid impulse buying https://financialpost.com/personal-finance/debt/christmas-creep-how-keep-holiday-spending-affordable #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Be aware of ‘Christmas creep’ and keep holiday spending affordable Read More »

How to Calculate Your Debt-to-Income Ratio

Your debt-to-income ratio (DTI) is an important measurement of your financial health. Alongside your credit score, your DTI plays a big part in determining whether or not you’re likely to qualify for a new loan, such as a mortgage. To calculate your DTI, add up all of your monthly debt payments and divide them by

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Is the cost of having kids too high? Here are some tips on frugal child rearing

Sandra Fry: Raising a family on a budget can be challenging, but with careful planning and smart strategies, it’s definitely achievable https://financialpost.com/personal-finance/debt/cost-having-kids-too-high-tips-frugal-child-rearing #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Is the cost of having kids too high? Here are some tips on frugal child rearing Read More »

Cómo Salir de Deudas

Lidiar con deudas de alto interés puede ser abrumador, especialmente cuando el dinero es escaso. Los saldos grandes que generan intereses pueden parecer difíciles de manejar. Afortunadamente, aunque el camino para salir de deudas puede ser largo, hay estrategias y recursos que te ayudarán a pagar tus deudas. Aquí hay nueve pasos que puedes seguir

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Foreclosure is the latest nasty buzzword, but there are ways to deal with it before it becomes a reality

Sandra Fry: Addressing your non-mortgage debts will make it easier to navigate or avoid foreclosure altogether https://financialpost.com/personal-finance/debt/how-deal-foreclosure-before-becomes-reality #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Foreclosure is the latest nasty buzzword, but there are ways to deal with it before it becomes a reality Read More »

How to Stop a Wage Garnishment

If you’ve stopped paying a debt, your creditor could sue you and try to get a judgment from a court. Once this happens, the creditor could request that the court garnish your wages or your bank account to pay back the debt. If you’re already struggling to keep up with your financial obligations, wage garnishment

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What Is the Debt Service Coverage Ratio (DSCR)?

The debt service coverage ratio (DSCR) is an important metric for small business owners that measures the company’s ability to pay its debts. Keeping track of your DSCR can help you gauge how financially sound your business is, as well as your eligibility for financing options. Whether you’re just starting out or your business is

What Is the Debt Service Coverage Ratio (DSCR)? Read More »

Credit Card Balances Are Growing the Fastest in These 20 Cities

Consumer spending habits are an important measure of economic activity, but these trends are not necessarily in lockstep nationwide. One way to observe where consumers are spending more than they did last year is by looking at the debt they’re carrying. This includes their credit card balances as well as the total amount of minimum

Credit Card Balances Are Growing the Fastest in These 20 Cities Read More »

Cities Where Millennials and Gen Z Have the Highest Credit Card Debt

Credit card balances are increasing for just about everyone, but younger consumers are seeing average balances spike faster than others, Experian data shows. As of June 2024, average credit card balances for millennials have grown by 8.7% to $6,819 and by 8.2% to $3,407 for Generation Z consumers annually, outpacing the balance growth among older

Cities Where Millennials and Gen Z Have the Highest Credit Card Debt Read More »

If you’re in a payday loan predicament, here are some options to solve it

A qualified, objective credit counsellor at a non-profit agency is a great person to walk you through your debt-relief options https://financialpost.com/personal-finance/if-youre-in-a-payday-loan-predicament-here-are-some-options-to-solve-it #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

If you’re in a payday loan predicament, here are some options to solve it Read More »

3 reasons why it’s not worth waiting to deal with debt

Sandra Fry: Taking proactive steps to manage your debt will ultimately prove valuable for your long-term financial stability and overall well-being https://financialpost.com/personal-finance/debt/3-reasons-why-not-worth-waiting-deal-debt #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

3 reasons why it’s not worth waiting to deal with debt Read More »

Debt Snowball vs. Debt Avalanche Method

The avalanche and snowball methods are two debt payoff strategies with the same goal but slightly different approaches. The method that works best for you will depend on how you prioritize paying off your debts: Do you want to get rid of debts with the highest interest rates first or pay off individual debts as

Debt Snowball vs. Debt Avalanche Method Read More »

Average Student Loan Debt Declines in 2024

Despite student loan repayments on federal student loans resuming late last year, there’s much that’s still up in the air with student loan debt. Some loans have been forgiven, and more than a few borrowers have received incomplete, contradictory or confusing information about their loans. With that large caveat, average student loan balances are continuing

Average Student Loan Debt Declines in 2024 Read More »

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