Personal Finance Buzz

Debt can be classified as either good or bad, but that doesn’t always mean that one form of debt is any worse for you than another. It is the way you use and manage debt which often defines whether it is a good idea or a bad idea for you to borrow more money.

The truth is there’s rarely an instance in which putting outstanding debt on your credit card is a good idea.

Even if another recession doesn’t materialize in the next few months, getting your finances in order is always a good idea

While it might be a little premature to say that we are headed for another recession, the fact of the matter is that economy has been slow to recover, and that is affecting a number of people. It is is always a good idea to be prepared for what's next.

Since I started this blog, I’ve paid off roughly $40,000 in debt. I did it primarily through my own efforts (i.e. throwing all my extra cash at the debts). I know some of you are paying off debt as well. Good for you.