Announcing The Debt Movement Relaunch (and 7 Lessons from 2013)

Announcing The Debt Movement Relaunch (and 7 Lessons from 2013)

The Debt Movement is one year old! Can you believe it? One year ago we launched the Debt Movement with the goal of gathering a community of people together to pay off $10 million of debt. It was an exhilarating and inspiring experience, and the response from all of you was amazing. Since January 1st, [...]

The Secret to Motivation on the Rocky Road to Debt Freedom

The Secret to Motivation on the Rocky Road to Debt Freedom

ongrats on joining the Debt Movement! It’s exciting to be a part of a community that’s aiming towards a goal that will change your life. The anticipation of debt freedom feels like Christmas morning but there’s a dark side that causes most people to quit before the finish line… DEPRIVATION! Turning down trips and dinners, [...]

Four Strategies to Avoid Family Debt

Four Strategies to Avoid Family Debt

Financial threats can visit families in many different forms. A health crisis, student loans or a broken transmission can all lead to unexpected debt.

Kicking Two Bad Habits All In the Name of Being Debt Free

Kicking Two Bad Habits All In the Name of Being Debt Free

Woo-hoo! I’m excited to finally announce the first Debt Scholarship winner. The first winner is compliments of Bob Lotich from ChristianPF.com. Big shout out to Bob for being an awesome sponsor. :) he biggest change I’ve made that has directly impacted my personal debt movement and has positively impacted my life is that I quit [...]

How Sadness Leads to Deepening Debt

How Sadness Leads to Deepening Debt

We may not see the connection between our mental health and our wallets, but a new study suggests that sad people make poorer financial decisions compared to their happier counterparts.

The reason, according to Jennifer Lerner of the Harvard Kennedy School of Government and colleagues Ye Li and Elke Weber of Columbia University who published their study in the Psychological Science journal last year, is that sad people exhibit what’s known as “present bias,” meaning they tend to value the present over the future, choosing immediate gratification and ignoring the greater gains associated with waiting.

Should You Use Your 401k Money to Pay Off Your Credit Card?

Should You Use Your 401k Money to Pay Off Your Credit Card?

What do you think my answer is to the above question? Does the screenshot below give you an indication? It better!

I cringe anytime someone asks me this question. Don’t do it. If you need a couple of other options, watch the video or read below.

Whatever you do, don’t use your 401k money to pay off your credit cards.

Recovering from Debt: A Lifetime of Credit Abuse

Recovering from Debt: A Lifetime of Credit Abuse

Can you imagine carrying a credit card balance for 35 years? As crazy as that may sound, that’s exactly what I did. I was 19 years old when I was introduced to credit card applications.

I was looking for a special gift for a special someone. After filling out an in-store application at Sears, I was instantly approved. Imagine that. I charged a sewing machine that cost $169.

That was the beginning of a lifetime of credit card payments.

Paying Off Debt Mental Barrier Number Two: I Hate Budgeting

Paying Off Debt Mental Barrier Number Two: I Hate Budgeting

I’ve got a question for you. When you hear the word “budget” do you cringe? I can’t say that I’ve ever heard this word and thought happy thoughts. Why am I telling you this? To let you know that if a hatred for budgeting is your mental barrier to paying off debt, you’re not alone! [...]

How to Organize and Spring Clean Your Finances

How to Organize and Spring Clean Your Finances

Via Credit.com. By Benjamin Feldman Spring has traditionally been a time for cleaning our homes and clearing away the clutter that has accumulated throughout the winter. It’s a satisfying approach to the season because it gives us the feeling of starting fresh. There’s no better way to put a spring in your step (no pun intended) [...]

Paying Off Debt Mental Barrier Number One: Thinking Debt is Not a Problem

Paying Off Debt Mental Barrier Number One: Thinking Debt is Not a Problem

Do you ever think to yourself, “I don’t think debt is a big deal; after all, everyone has it”? If the answer is yes, then you’re encountering the mental barrier of not thinking debt is a real problem. There could be many reasons for this: perhaps it’s because everyone you know has debt, or because [...]