Tag: Debt

Debt Payoff Methods: All About the Blizzard Approach

So you have debt. As you probably know, you’re suffering in good company. According to the Federal Reserve, total household debt is at a staggering $ 13.86 trillion — and has been steadily climbing. While you might be one of millions mired in debt, how you go about paying off that debt is unique to…

Wake up and deal with the real reasons you’re in debt

Despite warnings from financial educators and the Canadian government, consumer debt continues to be a serious crisis for Canadians. It is contributing to empty wallets, increased insolvency rates and higher levels of anxiety and depression. It’s tempting to write this article on how to tactically get out of debt — consolidation at a lower rate…

7 Tips to Enjoy Debt Free Holidays This Year

How much money are you planning on spending this year during the holidays? For the average American family, it’s a good chunk of change. During the 2017 holiday season, Bank of America found that of those surveyed, they spent on average $ 1,143 for purchases. Another survey found that respondents spent over $ 600 on…

6 Reasons You Should Start Paying Down Your Debt Now

If you’re uncomfortable about the amount of debt you’re shouldering, you’re not alone. Only 23% of Americans report carrying no debt, according to Northwest Mutual’s 2018 Planning and Progress study. And among those with debt, the average personal debt load (excluding mortgages) was a whopping $ 38,000. Fortunately, you can succeed in paying off a lot…

What the Finance is a Debt Repayment Plan

Is your debt stressing you out? If so, we promise you’re not alone. Especially if you are financing a home. According to the Center for Microeconomic Data, mortgage balances—the largest component of household debt—rose by $ 60 billion during the second quarter of 2018. If you’re committed to getting out of debt, we’ve got you…