Not all debt is created equal – and not all debt is bad. In fact, you need some debt to establish a good credit rating. Being a responsible borrower means knowing which types of debt can help you reach your financial goals and which types leave you further behind. So how do you distinguish between [...]
Our relationship with money is partly ingrained in our emotional DNA. So when you feel angry, frustration or shame about your relationship with money, it often comes from our parents. So if they had a fraught relationship with money, chances are you will too; whether it’s taking on too much debt or not taking care [...]
Myth: Debt consolidation saves interest, and you have one smaller payment. Truth: Debt consolidation is dangerous because you treat only the symptom. Debt consolidation is nothing more than a “con” because you think you’ve done something about the debt problem. The debt is still there, as are the habits that caused it – you just [...]
