Personal Finance Buzz

As you consider your money decisions, realize that there are some debt traps that can keep you in a cycle of living paycheck to paycheck, and not having much disposable income or time. Here are 5 debt traps to avoid.

A recent article on Yahoo Finance referenced 7 credit card traps to watch out for. It was a good article outlining a few of the traps out there with credit cards. Personally, I find credit cards to be extremely helpful as a business owner, and in our personal finances, but that comes only after a toilet-cleaning campaign wiped out $10,000 of credit card debt and after much-needed self control was applied to my use of credit.

Prospective college students: this is for you. The choices you make on funding your college will impact your life for years to come. Sure, you can take the easy path and borrow the money.