Last weekend I found myself in an airport shop in Salt Lake City, halfway home from San Jose with a 2 hour flight ahead of me. I had learned from the previous leg of the trip that the plane I would be flying on featured so little room that using my laptop was out of [...]

Debt consolidation is a concept that most people are aware of and often is a good idea. Basically when consolidating your bills or loans, you combine the total amount owed and make a single monthly payment instead of many smaller payments through out the month. While this is often a good solution to debt problems, [...]

Some time in your life you will need a new car. You may not want to have the burden of a new car debt, but you may find there are very few alternatives. There are some simple things you can look for that will help reduce the amount of money every month. Depending on your [...]

While most people use the phrase “bad debt” to refer to a lot of debt, or just owing a lot of money, this phrase actually has a very specific use when it comes to financial issues. Bad debt in this case is a debt that cannot be collected. This usually happens when the person who [...]

Well folks, some of you asked for a discussion of good debt vs. bad debt, and here we are. Susan Low’s first guest post on the subject is online, and I thought I would chime in with my opinion as well.
I personally agree that there is good debt and bad debt, although somewhere along [...]

Guest Post
Author: Susan Low
Can there even be such a thing as good debt? *gasp*

I say yes. And many various financial gurus say yes too. But before we get into that, let’s cover off some assumptions of what credit means and what money is about.
Economists will tell you that money is stored labor. It’s work you [...]

Expressed as a percentage of income being dedicated strictly to interest repayment, household debt is now at it’s highest point ever, according to a recent story by Marketwatch.
Here’s a quote:

Not since the late 1980s has household interest declined as a share of income. That was a period of record job creation and income growth. We [...]

The recent overnight collapse of Canadian discount air carrier Jetsgo just goes to show that some people don’t learn their lessons. Everyone’s talking about the collapse.
The irony is that in spite of obviously knowing they had issues, Jetsgo continued to hire, advertise and buy new jets. All on credit. The collapse left nearly 20,000 people [...]

The reason I don’t watch Dr. Phil is that I keep expecting to hear stuff like that whenever I catch a few minutes of it, but a couple of days ago my wife said I should sit and watch with her because the show would be on common financial mistakes couples make. So sure, I’ll [...]

When working towards financial independence and freedom there are often things which make it impossible to see the trees for the forest. One of these is credit card debt, and another is debt management.
Beyond that, though, things get fuzzy. Should you get a will? How much of a will? Should you save for your retirement? [...]