Debt consolidation is a popular option for people struggling with multiple debts, particularly high-interest credit card balances. But is it the right move for you? Like most financial decisions, debt consolidation has both advantages and drawbacks. Let’s break down the pros and cons so you can make an informed decision. Pros of Debt Consolidation Predictable […]
Our Unexpected Journey into Debt: Lessons Learned and Moving Forward
I’ve never been an advocate for debt. In an ideal world, people wouldn’t carry consumer debt because it limits financial freedom—freedom to save, invest, and spend on the things that truly matter. But sometimes, life throws unexpected challenges our way, and even the most financially responsible people can find themselves in debt. How We Landed […]
Should You Avoid Credit Cards and Use Cash Instead?
Credit cards—friend or foe? If you’ve ever found yourself staring at a massive bill at the end of the month, you might lean toward the latter. On the other hand, if you’ve racked up airline miles and cashback rewards, you probably see them as a useful financial tool. So, should you avoid credit cards altogether […]
Considering Bankruptcy? Here’s What You Need to Know First
Bankruptcy is often seen as a financial “reset button,” but let’s be honest—it’s not a decision to take lightly. If you’re drowning in debt, you might be wondering if bankruptcy is the only way out. Spoiler alert: It’s not always your only option. Before you make a move, let’s explore what bankruptcy really means, the […]
Are 0% Interest Credit Card Balance Transfers a Good Idea?
Credit card debt can feel like quicksand—the more you struggle with high-interest rates, the deeper you sink. That’s where 0% interest balance transfer credit cards come in, offering a potential lifeline. But are they actually a good idea? The short answer: Yes, but only if you use them wisely. How 0% Balance Transfers Work A […]
