From the category archives:

Debt

Student Loan Update for June

by Ace on July 13, 2010

Last month I made a promise to make myself accountable for my progress towards debt freedom. So here is my first monthly update for the month of June. I decided to make a large lump sum payment this month to quickly kill off one of my six loans. I figured that this would be a [...]

{ 3 comments }

Personal Finance is Not Always About Math

abacus

by Ace on June 30, 2010

Numbers are absolute. They’re cold and predictable. But humans aren’t. You can’t treat personal finances like a math problem. Scribbling a bunch of equations on a piece of paper won’t give you a solution. Personal finance is so much more complicated than that because it’s personal. We use personal finance heuristics to simplify things. Heuristics [...]

{ 10 comments }

Facing the Truth About My Debt

graduation

by Ace on June 25, 2010

Do well in school. Go to college. Get a good job. As a kid I heard those phrases all the time. One thing they didn’t tell me was how much debt I would have. When I graduated, I accumulated nearly $60,000 in debt. One common theme amongst personal finance bloggers is their journey from rags [...]

{ 9 comments }

The three stages of credit card use

by Ace on June 7, 2010

Love them or hate them credit cards are here to stay. Used correctly and they can have a number of great benefits and rewards. However, used carelessly credit cards can become an evil enemy that just won’t go away. I believe that there are three stages in the credit card journey. It starts with getting [...]

{ 0 comments }

Deciding which debt to pay down first

by Ace on May 19, 2010

Having a large amount of debt can be one of the most stressful situations to deal with. Maybe you got the debt through student loans, or perhaps you bought more house than you could afford. Or maybe you’ve lost your job and have been living on your credit cards to get by. Whatever the reason, [...]

{ 0 comments }