CreditShack.org

I’m giving away a $25 ShareBuilder Investment Cash Certificate.  Here’s the scoop:
We’re In Debt (soon to be “Were in Debt”) today posted a comparison of online snowball debt repayment calculators, which included the CreditShack calculator.
A couple months ago, I thought about rewriting my snowball debt calculator to include additional parameters, such as comparing the […]

Constipation and debt consolidation have a lot in common (besides sharing a few letters).
Think about it. You eat. Your food gets processed. And if you’re healthy, you get rid of it. Debt works the same way. You spend. You get the credit card bill. And if your […]

I was just thinking today about how the good things in life develop slowly over time, but the bad happens near instantly. It takes decades to build your career, but only a couple minutes to get fired. It takes years to lose weight, but only a second to get killed in a […]

If you overspent this Christmas, I invite you to take a few minutes to read my Guide to Getting Out of Debt.
Also, I urge you to plan ahead for next Christmas by saving money for gifts throughout the year. Yes, it is far better to give than to receive. Nonetheless, it’s critical […]

We all make them. And we all break them. What is it about New Year’s Resolutions that are so hard to keep?
If your New Year’s Resolution is to pay down your debt, here are some ideas to help you succeed. (If your Resolution is to lose some weight, well, good luck […]

Getting out of debt really boils down to this: you either need to spend less or earn more.
Because taxes take such a large bite out of your income and because your time is limited, it’s usually a lot easier to trim your expenses than to increase your income by the same amount.
Tightening your spending […]

Financial experts recommend keeping about three to six months, even up to 12 months, of living expenses in a risk-free savings or money market account.  The purpose of this “rainy day fund” is to help you survive a financial catastrophe such as losing your job, needing unexpected roof replacement, or large medical bills.  The […]

MTV is looking for people between 18 and 26 years old who “have ended up with credit card trouble.” (Watching too much MTV can do that to you!)
Could they be creating a new reality show, The Biggest Saver? Who knows. Here are the details:
E-mail mtvnews@mtvstaff.com with your name, age, location, occupation, […]

Credit card companies have been asked to increase the monthly minimum payment to a greater portion of the balance. The change may hurt in the short-term, but will benefit you in the long term.

No one starts life planning for financial chaos. So why is it that many Americans find themselves in the death grip of credit card debt?