Discover effective strategies to manage and eliminate debt, even with a limited budget. Learn how to regain financial freedom on a low income.
So, if you’re ready to get out—and stay out—of debt, keep on reading! chapter 1 So, You Want to Know How to Get Out of Debt? When you finally sit down and add up all the credit cards and loans, you may find yourself wondering: “How in the world did this happen? How did...
“How in the world did this happen? How did I end up with so much debt?”and then eventually,“How do I get out of debt?” There’s typically no simple answer as to why you now find yourself in debt. Maybe yours crept up on you over a period of time —a soft t-shirt here,...
Not only do I find it extremely enjoyable to share what I know about my passion (personal finance) with others, but I am making thousands of dollars a month from it — and I just launched my blog this year! And as an accountant by trade, I had absolutely no formal training in either...
This may seem pretty straightforward, but many people don't realize that borrowing money is the first step to accumulating more debt. So stop doing it! If you're in a situation where you need credit cards or loans for emergency purchases, then find other forms of financing, which we will...
If you have decided that you want to consolidate your debts, the choices you will face could quickly get stressful and overwhelming. Given the risks of losing your home and amassing debt, it's wise to proceed with caution. Read the next page to find out about some of the options you wi...
a more personal approved, find someone you can help you. You might enlist a friend who is successful with their money to help you understand how they have done so. You could hire a coach or planner to help dig into your numbers and act as an accountability partner as you pay off debt...
How to Find a Reputable Tax Preparer Locate an experienced tax preparer by asking around, establishing a relationship and avoiding common scams. Liz KnuevenApril 1, 2025 Do You Owe Taxes on Forgiven Debt? Learn when forgiven debt is considered taxable income and what you can do ...
However, bankruptcy isn't the only option. By exploring other debt relief strategies, you might find a solution that better fits your needs without the long-term consequences of a bankruptcy filing. If you're unsure which path to take, consider consulting with a debt relief expert on your op...
The effective interest paid by a company against its loans or debts is called the Cost of Debt. If there are multiple loans your business has taken out, the interest rate for each will be added up to calculate the final cost of debt for the company.