If you're broke - you're in the right place. We're here to share our journey out of debt and hope you come along for the ride. From debt broke to debt free.
Before I decided to get out of debt, I was living a pretty delusional life of high-interest cash advances, credit cards and spendthrift ways. I was basically in denial of my debt and unable to recognize I even had a problem. Now, I am no dummy even though I have done some pretty stupid things [...]
Over the next few weeks, we would like to do a 5-part series on the steps you need to take to get out of debt. We believe that by following through in these areas, you will be able to face your debt head-on and find yourself on the road from debt-broke to debt-free! Our series [...]
You should be a millionaire. Seriously. Considering the fact that there are actually millions of millionaires in the United States, it stands to reason that they can’t all be the lottery winners, athletes and heiresses that we think about when we hear the term. Truth be told, a million dollars isn’t what it used to [...]
Credit cards are evil! Cut them up! Burn them! Freeze them! (In water, literally.) The standard advice for people looking to get out of debt has always been anti credit card in a radical, fundamentalist way. But that ignores some of the real benefits of using credit cards as well as failing to point out [...]
If you have more time than money then you need to consider more ways to be productive and make some extra cash to pay off debt. And it’s best when you can set your own hours, make a significant amount and stay within the confines of the law. If you have a vehicle with decent [...]
There’s no shortage of websites devoted to helping you manage your finances and get out of debt. The good news is that we catalog them as fast as we hear about them, and you can judge which (if any) have a sales pitch that you find appealing. The newest entrant is SavvyMoney. SavvyMoney keeps track [...]
To get out of debt you need to find every possible way to spend less money every month and use the savings to pay off debt. That means making sacrifices that you didn’t when you were piling on the debt. Unfortunately, in America we consider a high-def signal and 300 channels to be a right [...]
It’s not quite that simple, but new research from University of California, Berkeley shows that wealthy folks aren’t as ethical as the rest of us. Using a variety of tests (e.g. measuring how often drivers of luxury cars cut off people compared to other drivers) they found a clear correlation between wealth and rude, immoral, [...]
The year is 2012 and unless the Mayans are wrong, everyone should be leveraging the web to manage their finances better. Unfortunately, the most popular online money-management tools are not geared specifically towards people with serious debt to get out of. That’s where SpringCoin comes in. In a nutshell, SpringCoin takes customer banking information to [...]
A new draft rule proposed today would allow the Consumer Financial Protection Bureau to supervise the largest consumer credit reporting agencies and debt collection companies in the same manner that the government supervises big banks. The director of the agency, Richard Cordray, issued a statement explaining the move, which is by most accounts the most [...]
