No Debt Plan » Debt http://www.nodebtplan.net A personal finance blog teaching you how to live debt free and use credit wisely. Thu, 09 Feb 2012 12:30:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 How to Value Your Time When Getting Out of Debthttp://www.nodebtplan.net/2011/12/04/how-to-value-your-time-when-getting-out-of-debt/#utm_source=rss&utm_medium=rss&utm_campaign=how-to-value-your-time-when-getting-out-of-debt http://www.nodebtplan.net/2011/12/04/how-to-value-your-time-when-getting-out-of-debt/#comments Sun, 04 Dec 2011 20:32:08 +0000 Kevin http://www.nodebtplan.net/?p=5071 Getting out of debt is a whole less fun than getting into debt. Getting into debt is spend, spend, spend. Getting out of debt is painful cutbacks, tough decisions, and saying “no” a lot. As you start changing your mentality toward debt and push to climb out of the hole you are in you must [...]

How to Value Your Time When Getting Out of Debt is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/12/04/how-to-value-your-time-when-getting-out-of-debt/feed/ 3 Why Financially Preparing for Christmas Now Will Save You Thousands of Dollarshttp://www.nodebtplan.net/2011/11/17/why-financially-preparing-for-christmas-now-will-save-you-thousands-of-dollars/#utm_source=rss&utm_medium=rss&utm_campaign=why-financially-preparing-for-christmas-now-will-save-you-thousands-of-dollars http://www.nodebtplan.net/2011/11/17/why-financially-preparing-for-christmas-now-will-save-you-thousands-of-dollars/#comments Thu, 17 Nov 2011 12:30:44 +0000 Kevin http://www.nodebtplan.net/?p=5066 According to this infographic by Lab42, 37% of Americans are planning to increase their spending on Christmas this year. 31% of Americans also plan to spend at least $700 on gifts this year. Even with unemployment at highs across the country the holiday shopping season will continue to be retailers’ prime revenue generating season. But [...]

Why Financially Preparing for Christmas Now Will Save You Thousands of Dollars is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/11/17/why-financially-preparing-for-christmas-now-will-save-you-thousands-of-dollars/feed/ 3 Crush Your Debt… Next Yearhttp://www.nodebtplan.net/2011/11/03/crush-your-debt-next-year/#utm_source=rss&utm_medium=rss&utm_campaign=crush-your-debt-next-year http://www.nodebtplan.net/2011/11/03/crush-your-debt-next-year/#comments Thu, 03 Nov 2011 11:30:19 +0000 Kevin http://www.nodebtplan.net/?p=5064 You know you need to get out of debt. You know the costs and interest are too high to continue paying. It feels like you are never going to get out because you never find enough motivation to get started. Maybe today is the day you break through, but let’s be honest. There are only [...]

Crush Your Debt… Next Year is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/11/03/crush-your-debt-next-year/feed/ 0 3 Surprising Ways a Credit Card Can Help You Get Out of Debthttp://www.nodebtplan.net/2011/10/24/3-surprising-ways-a-credit-card-can-help-you-get-out-of-debt/#utm_source=rss&utm_medium=rss&utm_campaign=3-surprising-ways-a-credit-card-can-help-you-get-out-of-debt http://www.nodebtplan.net/2011/10/24/3-surprising-ways-a-credit-card-can-help-you-get-out-of-debt/#comments Mon, 24 Oct 2011 11:30:11 +0000 Kevin http://www.nodebtplan.net/?p=5056 Getting into debt is so easy to do. Getting out is much more difficult. Many of us struggle with spending more than we earn, and we often turn to credit cards to finance our lifestyles. Due to this, credit cards are often tagged as a horrible financial tool. But is there a time where credit [...]

3 Surprising Ways a Credit Card Can Help You Get Out of Debt is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/10/24/3-surprising-ways-a-credit-card-can-help-you-get-out-of-debt/feed/ 4 Should You Abandon Life Insurance When Getting Out of Debt?http://www.nodebtplan.net/2011/10/20/should-you-abandon-life-insurance-when-getting-out-of-debt/#utm_source=rss&utm_medium=rss&utm_campaign=should-you-abandon-life-insurance-when-getting-out-of-debt http://www.nodebtplan.net/2011/10/20/should-you-abandon-life-insurance-when-getting-out-of-debt/#comments Thu, 20 Oct 2011 13:00:24 +0000 Kevin http://www.nodebtplan.net/?p=5057 If you are in debt your primary focus should be to get out of debt as quickly as possible. That means cutting back drastically in as many areas of your budget as possible. As you are analyzing what to cut back on — eating out, cable, and so on — you might be tempted to [...]

Should You Abandon Life Insurance When Getting Out of Debt? is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/10/20/should-you-abandon-life-insurance-when-getting-out-of-debt/feed/ 2 Reliance on Tomorrow Requires Debt Todayhttp://www.nodebtplan.net/2011/08/18/reliance-on-tomorrow-requires-debt-today/#utm_source=rss&utm_medium=rss&utm_campaign=reliance-on-tomorrow-requires-debt-today http://www.nodebtplan.net/2011/08/18/reliance-on-tomorrow-requires-debt-today/#comments Thu, 18 Aug 2011 11:30:10 +0000 Kevin http://www.nodebtplan.net/?p=2755 You’ve found that thing that you really want, but you haven’t planned for it. It’s so shiny, so new… and sitting right in front of you. Your hand reaches for your wallet. Stop. Have you really thought this through? No matter how large or small the purchase you should put some thought into it. At [...]

Reliance on Tomorrow Requires Debt Today is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/08/18/reliance-on-tomorrow-requires-debt-today/feed/ 2 Improve Your Credit Score to Save Thousands in Interesthttp://www.nodebtplan.net/2011/07/29/improve-your-credit-score-to-save-thousands-in-interest/#utm_source=rss&utm_medium=rss&utm_campaign=improve-your-credit-score-to-save-thousands-in-interest http://www.nodebtplan.net/2011/07/29/improve-your-credit-score-to-save-thousands-in-interest/#comments Fri, 29 Jul 2011 11:30:38 +0000 Kevin http://www.nodebtplan.net/?p=5023 In an ideal world, you have no debt. Your home, car, education and kid’s education, and lifestyle require no loans and no credit card. You finance nothing, you pay no interest, cash is truly king. But we don’t live in an ideal world. Even if you have done a fantastic job of ridding yourself of [...]

Improve Your Credit Score to Save Thousands in Interest is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/07/29/improve-your-credit-score-to-save-thousands-in-interest/feed/ 0 Paying Down Debt: Lowest Balance or Highest Interest Rate First?http://www.nodebtplan.net/2011/07/20/paying-down-debt-lowest-balance-or-highest-interest-rate-first/#utm_source=rss&utm_medium=rss&utm_campaign=paying-down-debt-lowest-balance-or-highest-interest-rate-first http://www.nodebtplan.net/2011/07/20/paying-down-debt-lowest-balance-or-highest-interest-rate-first/#comments Wed, 20 Jul 2011 11:30:35 +0000 Kevin http://www.nodebtplan.net/?p=5022 There are two contrasting views of paying off your debt load: to pay the lowest balance first or to pay the highest interest rate debt first. Let’s dissect these two schools of thought and see which is better for your situation. To start, we need a debt scenario. Let’s take Average American Joe (AAJ). Here [...]

Paying Down Debt: Lowest Balance or Highest Interest Rate First? is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/07/20/paying-down-debt-lowest-balance-or-highest-interest-rate-first/feed/ 8 The Sad Story of a Debt-Financed Lifestylehttp://www.nodebtplan.net/2011/07/16/the-sad-story-of-a-debt-financed-lifestyle/#utm_source=rss&utm_medium=rss&utm_campaign=the-sad-story-of-a-debt-financed-lifestyle http://www.nodebtplan.net/2011/07/16/the-sad-story-of-a-debt-financed-lifestyle/#comments Sat, 16 Jul 2011 11:30:19 +0000 Kevin http://www.nodebtplan.net/?p=5025 If you are in debt, your primary financial concern must to be getting out of debt as quickly as possible. Every dollar that goes to financing your life goes to a company that is profiting off of that unsustainable lifestyle. Every dollar in interest is a dollar not generating compound growth for your first home [...]

The Sad Story of a Debt-Financed Lifestyle is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/07/16/the-sad-story-of-a-debt-financed-lifestyle/feed/ 5 Saving Versus Paying Down Debt: It’s All About Risk, Interest, Access, and Cash Flowhttp://www.nodebtplan.net/2011/04/07/saving-versus-paying-down-debt-its-all-about-risk-interest-access-and-cash-flow/#utm_source=rss&utm_medium=rss&utm_campaign=saving-versus-paying-down-debt-its-all-about-risk-interest-access-and-cash-flow http://www.nodebtplan.net/2011/04/07/saving-versus-paying-down-debt-its-all-about-risk-interest-access-and-cash-flow/#comments Thu, 07 Apr 2011 11:30:56 +0000 Kevin http://www.nodebtplan.net/?p=4964 It’s an age-old financial question: to pay down debt or to save extra funds for a rainy day? As with any personal finance question it really depends on your personal situation. That having been said here are some guidelines you can use to determine what is best for you. Risk, Emergencies, and Stability Having money [...]

Saving Versus Paying Down Debt: It’s All About Risk, Interest, Access, and Cash Flow is a post from No Debt Plan

]]> http://www.nodebtplan.net/2011/04/07/saving-versus-paying-down-debt-its-all-about-risk-interest-access-and-cash-flow/feed/ 1