Have you experienced a financial setback recently and were so low on cash that you stopped talking to your creditors? Do you break into a cold sweat whenever you see an unknown number show up on your caller ID? The good news is you're not alone! As of 2019, Americans owe more than $1 trillion in credit card debt. On average, each family owes about $8,602 in credit card debt. If you're finally finding your way from the financial setback that caused you to stop paying your cred

Just like many good choices, it doesn't actually always feel good making those decisions. I've learned the tougher it feels making a smart money choice, the better the choice is for your wallet. The hardest part about making smart choices, the chance of making a smart choice is 50% each time. Irrelevant of the choices you made up until this point, the wrong choice will always be on the table. If you're not careful, it can wipeout all of the hard work you've put in. A poor mon

Before we go into advice for dealing with financial setbacks, it's important to address that not all setbacks are the same. Types of Financial Setbacks There are minor setbacks like a car emergency that required you to dip into your savings or slipping from your budget, making a purchase you couldn't afford and now can't return. These setbacks don't drastically change your overall picture. Maybe your savings is $500 less or your total credit card debt is up by $200, but overa

Last week's blog talked about categorizing your debt. Now that you've thought about what kind of debt you have, let's talk about how to tackle your debt and set you on a path towards financial independence! The first step to tackling your debt is putting together a debt snapshot. A debt snapshot is a list of all of your debt and the minimum payment due for each. Here is an example of a debt snapshot: A debt snapshot allows you to see where you are today and what you're workin

In Q2 2018, total US household debt has reached $13.29 trillion. In June 2018, student debt in the US is up to a staggering $1.52 trillion with 44.2 million debtors. In July 2018, US consumer credit card debt is up to $1.04 trillion between 123 million households. These are pretty scary numbers, but the good news is that you're not alone. Making poor choices with money can have all sorts of consequences like poor credit score, debt burdens that are overwhelming and arguments