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The following is a guest post by Kevin Craig Bad spending habits are something that every spend-thrift American is addicted to. Easy availability of credit cards and quick access to loans has fanned this fiery practice all the more. And the result is deep debt crisis faced by almost every second person in [...] By Kevin M The state of the economy over the past few years has called into question on our cultural love affair with debt of nearly all types. The once unassailable notion that home mortgages in nearly any type and in almost any amount were “good debt” has all but crumbled. A mailbox stuffed [...] By Timothy Ng You can save a lot of money and eliminate your credit card debt faster if you understand the balance repayments of your credit card and the interest you are paying. In this article you can find out how you can save money every month. Many people get into credit card [...] By Kevin M There are strategies we need to put in place that will help lead us where we want to be in life, but just as important is problem avoidance. When making our plans, we can project working in a certain career, earning a certain income, investing and having X amount of money by age Y, [...] It’s easier when you take care of a few things first By Kevin M It’s been said that the best way to accomplish a big project is to break it into a series of smaller ones. Paying off credit cards can be as big a project as we can imagine, based on the size of [...] By Kevin M How do we define rich and poor? The dividing line is more subjective than real in that we tend to think of rich as anyone with substantially more than we have, and poor as anyone with substantially less. Since we always see ourselves as more or less in the middle, how [...] By Kevin M Despite the near sacrosanct status of tax sheltered retirement accounts, there are situations in which liquidation makes abundant sense. From the outset, let me say that I don’t advocate raiding retirement accounts except under extreme circumstances. When to consider tapping retirement savings My personal opinion is that if survival is at stake tapping retirement [...] Newsflash: You can’t get out of debt until you stop being broke! By Kevin M Some argue that if you’re in debt the priority needs to be to payoff your debts before attempting to build a savings account. Many call for the establishment of a small emergency fund—typically $1000—to handle contingencies, and then to pour all [...] Low Cost/Debt Free lifestyle as part of retirement planning Kevin M Most articles on the subject of retirement planning focus completely on growing tax sheltered retirement savings plans like 401k’s and IRA’s. It’s an effort to build a large capital base as a way of creating a strong retirement income to enable us to maintain [...] |
 
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Should You Give Even If You’re In Debt?
By Kevin M
Is it OK to give money to charities and religious institutions if you owe money? This isn’t just a question for people of faith (which I am myself) but for anyone who gives charitably and is in debt at the same time.
I recognize that there are different kinds of debt, and even [...]