It is always nice to be able to transfer a high balance credit card to a 0% APR credit card. However, it is important to remember that for this tactic to work as a debt elimination tool, you need to avoid the pitfalls associated with it. This is just an introductory rate, and it could [...]

If you have a partner that you share your life with, legally or informally, one of the sticking points is probably finances. However, it is important to talk about finances with your partner. It is especially important when it comes to debt reduction and elimination. Why? Because unless you are both on the same page, [...]

One thing you need to remember about debt elimination is that it is important to do it as soon as you possibly can. Why? Because interest never sleeps. And every bit of interest that you pay is going toward lining someone else’s pockets. If you want to build wealth, it is important that you start [...]

One of the hardest things for many people looking to turn debt into wealth is changing their spending habits so that they are living within their means. And, as obvious as it sounds, you would be surprised at how many people do not quite understand how important it is to live within their means when [...]

One of the hardest things to beat in the debt elimination game are those pesky and high interest rates. Especially credit card interest rates. When you have an interest rate of more than 16 percent, it is difficult to get that credit card balance down, even if you are paying more that the minimum payment [...]

One of the best debt elimination tools is analyzing your spending. Getting started by looking at what you spend, and deciding what can be sacrificed for the good of your financial future, is one of the first steps of eliminating debt. Debt reduction is not something that happens with the wave of a magic wand. [...]

Part of debt elimination is sticking to a budget. If you ever want to turn your debt into wealth, you need to learn how  to  create a budget. Building wealth requires planning, and there are few things that can help you do that like a reasonable budget.
Sticking to your budget
In order to build wealth, you [...]

Yesterday we began looking at the possibility of getting out of debt faster with aggressive debt reduction. By taking some of the wasted money that plagues virtually every household and applying it toward your debt, you can aggressively reduce your debt. And once that debt is gone, you can begin to build wealth. So, here’s [...]

During some seasons of life extreme measures are required in order to prevent failure.  With debt and the management of debt, it requires tough and direct decisions in order to get things under control.
If you are unable to control your debt and are not willing to be accountable with your spending, then some preventative measures [...]

Credit card debt is by far one of the most lucrative businesses in the world.  For the credit companies…
Getting a credit card or department store card has become so easy lately, that many companies have started a division for no or low credit customers.
A report released today states that credit card debt is on the [...]