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Debt Reduction

Debt Consolidation and Tattoo Coverups

The story recounts a friend’s decision to cover an old tattoo with a new, larger one, drawing a parallel with debt consolidation. While covering up the tattoo doesn’t remove its existence, the same applies to debt consolidation—it merely combines debts into one, larger sum. If the irresponsible spending continues, the debt, much like the tattoo, becomes larger. The author advises users of debt consolidation loans to have a repayment plan and to avoid treating the loan as a cure-all or using it too frequently.

Debt Subliminal

A Personal Spending Surplus ?

Are you aiming to have a personal spending surplus, just like the Government? Too bad you can’t just print money the way they do.

far in debt

Another Quarter Richer but Deeper in Debt

You could sing that title to the tune of Tennessee Ernie Ford’s 16 Tons (what do you get, another day older and deeper in debt), but Stats Canada published another interesting and information filled report… Read More »Another Quarter Richer but Deeper in Debt

Monthly Payments

Debt Cash Grabs and Your Bank

Gail Vaz-Oxlade warned about banks’ rights to seize money from customers to repay their debts, a practice known as a debt cash grab. This action, made legitimate through banking agreements, occurs frequently when customers amass significant or delinquent debts. Big Cajun Man advises considering diversification of assets and debts, and caution against consolidating all banking with one institution for enticing deals.

Save Money, Piggy bank

Optimize Your Budget for Any Debt Level

There is a fool-proof way to optimize your budget, or at least that is how a lot of sites will attempt to get you to read their clap-trap.

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