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Want to get rid of debt? Get rid of credit cards first

Want to get rid of debt? Get rid of credit cards first

Credit card debt is the monster living under a lot of our beds: You get sucked in by that 0 percent APR introductory offer, and then it haunts you for years. Fortunately, credit card debt only seems insurmountable. For a lot of us, approaching debt and spending with...
Want to eliminate debt? Don’t make these 5 mistakes

Want to eliminate debt? Don’t make these 5 mistakes

Congratulations! You’ve made the commitment to get yourself out of debt. Eliminating debt is an important and difficult goal to achieve, but it can be done — if you do it the right way. Here are five common mistakes to avoid: Mistake #1: Keep your old spending habits...
Should you use retirement funds to get out of debt?

Should you use retirement funds to get out of debt?

You’re mired in debt and struggling to make payments. Meanwhile, you have a nice retirement savings plan (RSP) that is earning money. Now you’re asking yourself: Should I use those retirement funds to pay off this huge debt burden? To answer this question, follow...
Ready to get out of debt? Consider the “B” word

Ready to get out of debt? Consider the “B” word

Debt can be difficult to live with. It weighs us down. It causes anxiety, work and marriage problems. It creates stress that can lead to insomnia and other health problems. The bad news: There’s no quick fix or miracle trick to pay off debt all at once — short of...
6 ways to start getting out of debt today

6 ways to start getting out of debt today

It can be way too easy to get into debt and way too hard to get out of it. Being in debt is not the end of the world, though it may feel very stressful and oppressive. Thankfully, there are concrete steps you can take to pay off your debt efficiently and without...
Avoid these common credit card debt repayment mistakes

Avoid these common credit card debt repayment mistakes

Credit card debt can be among the hardest to pay off, because it usually has high interest rates and punitive terms. A balance transfer or debt consolidation loan could be the answer, but you’ll need to avoid the repayment pitfalls that could extend, or worsen, the...