We Don’t Seem to Dread Debt
We don’t seem to dread debt any more, due to lower interest rates, or simply a change in how we view debt, but is this a good thing?
Personal Finance: Lenten Financial Journey
Many folks dread their lenten journey, but you can use it for self-awareness and growth as well. Try to add financial goals to it, you will be surprised.
Canadian Consumer Debt Load at $1.4 Trillion
Discover the state of Canadian consumer debt in 2013, investigate its year-over-year changes, and determine whether its increase signals an optimistic outlook for the economy. Keyphrase: consumer debt
Should I have “The Talk” With My Kids
Kids learn about money whether you teach them or not usually the hard way. This article explains why parents must discuss saving, spending, and debt early, how misunderstandings lead to financial trouble, and how “the money talk” can shape lifelong habits.
If You Have Credit Card Debt Don’t Invest
BIg Cajun Man discusses the efficacy of investing extra money in paying off debt, making an argument that doing so yields a higher return compared to other forms of investments, like the stock market. It emphasizes the importance of prioritizing debt payment over saving or investing surplus money and arduously critiques the common counterarguments, such as the need to save early, maintaining an emergency fund, or that the stock market can yield higher returns. In conclusion, it surfaces the fact that investment professionals may not promote debt payment as it yields no profit for them.
