Category Archives: Debt Reduction

Insurance Savings for Not-for-Profit Members

When you’re digging your way out of debt, there are, essentially, only two variables to consider; increasing your income and decreasing your spending. If you’ve already made moves to try to do one or both of these things, you’ll already be aware of just how much the really small things can help get you on the right side of the debt tipping point. Charles Dickens expressed this best in his great novel of 1850, “David Copperfield” in which one of … Continue reading

Posted in Debt Reduction, Guest Post | Tagged , , , , , , | Leave a comment

DIY Approach to Reducing Debt

By Lorena Benchis DIY approach to reducing debt Having outstanding debts is not usually a comfortable position to be in and the greater the debt that you owe, the worse it makes you feel. Debt is often the cause of anxiety and sleepless nights and can lead to depression. The worst thing you can do about debt is nothing. The ostrich mentality where you bury your head in the sand and pretend it’s not happening isn’t going to help matters, … Continue reading

Posted in Debt Reduction | Tagged , , , , , | Leave a comment

Is It Wise To Consolidate Debts?

By Celia Roche If you’ve found your way to this website because you’re doing everything you can to free yourself from debt – then you aren’t alone. It seems that in these post-boom times, the whole world is trying to get itself out of debt before — no doubt — the whole merry-go-round stars turning again. But at least by the next time the world is feeling confident enough to borrow to finance an overly lavish lifestyle, you’ll have learned … Continue reading

Posted in Debt Reduction | Tagged , , , , , | Leave a comment

Ways To Reduce The Cost Of Your Utility Bills

If you are like most Canadians, you adjust your home’s thermostat as needed for comfort without giving much thought about how those adjustments will affect your utility bill. You may turn on and off your faucets, run the washing machine and more without considering how much your water bill will be at the end of the month. Then when you open your water and energy bills, you are forced to pay the amount due. It may seem as if the … Continue reading

Posted in Debt Reduction, Guest Post | Tagged , , , , , | Leave a comment

How to Rescue Bad Credit

Article written by MoneySupermarket Do you have a bad credit record or do you have no credit history? Getting credit when you’re in either of these situations can be incredibly difficult, here I’ll detail some simple tips that you can do to try and get your credit record back on track! Do you have any credit? This might sound strange but if you have no credit history then credit cards and loans will actually work for you, as they will … Continue reading

Posted in Debt Reduction, Guest Post | Tagged , , , , | Leave a comment

Ways To Save Money On Healthy Food Giveaway

When it comes to debt reduction and looking at budget expenses, many are fixed and there is very little that can be done to reduce them. One area where costs can be cut is with the grocery budget. Unfortunately, many people decide that the only way that they can save money on their food budget is to begin purchasing unhealthy food. This is nothing more than an excuse for being lazy. While you may need to work a little harder … Continue reading

Posted in Debt Reduction, Everyday Living | Tagged , , , , , , , , | 1 Comment

$125,000 of Debt

By Debt Avalanche As part of the debt avalanche, we ended up getting rid of $125,000 worth of debt in 9 months. Here is how the debt was broken down: credit card 1: $8,250 @ 6.9% credit card 2: $5,300 @ 8% credit card 3: $13,500 @ 9.9% credit card 4: $6,600 @ 17% credit card 5: $19,800 @ 23.5% car loan 1: $24,000 @ 2.9% car loan 2: $6,000 @ 4.2% student loan 1: $30,000 student loan 2: $12,000 … Continue reading

Posted in Debt Reduction | Tagged , , , , , , | 1 Comment

Debt Avalanche

By Debt Avalanche There is an elephant in the room when it comes to debt reduction that nobody seems to want to talk about — that people want to keep their current lifestyle as much as possible while reducing their debt. The fact is that 99% of people that begin the debt reduction process do so while trying to keep their current lifestyle in tact as much as possible. I decided that for me this was the wrong way to … Continue reading

Posted in Debt Reduction | Tagged , , , , | 1 Comment

Create A Budget: Debt Reduction Basics

When you put things in black and white in front of you, they all of a sudden start to make a lot more sense. This is very much so the case with fixing your debt – writing your budget in black and white on a piece of paper will help you to realise the sectors of your life in which you can save money and the sectors in your life in which you can spend more. When it comes to … Continue reading

Posted in Debt Reduction | Tagged , , , , , , , | Leave a comment

Debt Will Not Simply Disappear

One of the things that many people do when they are in debt is bury their heads in the sand pretending that everything is OK and hope that the debt problems simply go away. In reality, you may feel better in the short term by taking this action, but in the long run, all you are doing is creating more financial problems for yourself. Speaking to your creditors is one of the best debt reduction tips that anyone can ever … Continue reading

Posted in Debt Reduction | Tagged , , , , , | Leave a comment