From the category archives:

Personal Debt

Compound Interest: Your Worst Enemy?

January 7, 2010

Yesterday, I wrote about how Compounding Interest can be your best ally in meeting your savings goal.  Well, unfortunately, for those in debt, compounding interest can be your worst enemy.  Why is that?  Well, let’s take a look at this example. You decide to purchase a brand-new flat screen HDTV, selling for $2,000.  You don’t [...]

Read the full article →

Paying Down Debt: Credit Cards – Part One

November 16, 2008

Paying down debt is often a major financial goal for families, however, it can often be difficult to determine a good starting point. In upcoming articles, I’ll be discussing different types of debt, and how to go about eliminating of reducing debt. How many of you remember being in college and seeing those enticing displays [...]

Read the full article →