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Debt

Debt

Debt keeps you shackled to decisions you made in the past. Escape by building awareness around the true cost of borrowing money.

Debt keeps you shackled to decisions you made in the past. Escape by building awareness around the true cost of borrowing money.

Everything you need to know about debt

Are You Riding the Credit Card Float?

Are you riding the credit card float? Here's a quick test: can you pay off your current bill AND meet your current obligations?

4 Lessons From My Zero Percent Nightmare

I thought I was entirely in control of my credit card spending, but it is a serious head game and no one is immune.

Should I Pay Off My Credit Cards or Max Out My 401k?

In the unending “pay off debt first or start investing” debate, I’ve learned about a small wrinkle: If your employer matches your 401k contributions, you earn an instant 100% bonus on every one of those dollars. In the worst of scenarios, your credit card company is charging you interest in the high 20s.

The Secret To Staying Out of Debt

Jesse Mecham
|
June 1, 2016

Maybe you've gotten out of debt (and it was so much hard work!) only to frustratingly fall right back into it. What gives?

Bill Me Later, Bill Me More

Jesse Mecham
|
April 5, 2016

You don't want to have your priorities forced on you by past you that ran up a big tab that you are stuck paying in the here and now.

Why Debt Gets Us Fired Up

Jesse Mecham
|
February 10, 2016

It's a forced obligation. A forced priority. And you have to do something about it. So, the question is just how intense do you want to be?

Tackling Big Debts on a Small Salary

Lindsey Burgess
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January 14, 2016

Editor's Note: We recently posted a success story about a young guy who paid off more than $100k of student debt in less than five years. We thought it was a great story, but we got some pushback, because not everyone felt they could relate to the specifics of his story.

Don’t Let Your Debt Rob You Of Your Future

Jesse Mecham
|
November 11, 2015

It’s no secret that I’m not a fan of debt. I hate it. Debt messes with your priorities. Stop robbing future you by accumulating debt.

What if Your Debt Paydown Could Become Beautiful?

Lindsey Burgess
|
September 15, 2015

What if your debt-free journey resulted in a beautiful piece of art that you could frame and hang in your house with pride?

Good Debt and Bad Debt

Jesse Mecham
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September 16, 2014

There are ways we can assess whether debt is good or bad. We all know that rules are meant for exceptions so please see these as guidelines.

YNAB Podcast Episode 57: When debt is an addiction.

Jesse Mecham
|
April 12, 2014

We interviewed Linda, a participant in Debtors Anonymous: a proven program to help people that have a debt addiction.

3 Ideas to Avoid New Credit Card Balances for the Holidays

Jesse Mecham
|
December 12, 2013

I’d guess “Christmas” is the second-most mentioned Rainy Day category in any discussion about the You Need A Budget (YNAB) philosophy of money management. I’m afraid many families start the new year with a serious holiday hangover in the form of fresh credit card balances.

Should I Pay Off My Credit Cards or Max Out My 401k?

Jesse Mecham
|
November 6, 2013

In the unending “pay off debt first or start investing” debate, I’ve learned about a small wrinkle: If your employer matches your 401k contributions, you earn an instant 100% bonus on every one of those dollars. In the worst of scenarios, your credit card company is charging you interest in the high 20s.

4 Painless Changes That Freed Up Money for Debt Reduction

Mark Butler
|
November 4, 2013

When it comes to paying off debt, every little bit helps. Here are four changes I made to my budget that helped me save $100.

How to Become Debt Free With a Low Income

Jesse Mecham
|
September 6, 2013

It’s going to be tight, but you can do it. Getting out of debt involves one big decision followed by small, daily decisions.

We need to “re-learn” to hate debt.

Jesse Mecham
|
September 3, 2013

When you borrow to buy anything that depreciates, you’re negotiating a pay cut with your future self. Take 14 minutes to watch this TedTalk...

Mike Paid Off $38,204 of Debt in 18 Months

Jesse Mecham
|
August 26, 2013

Mike had no idea that it was possible to pay off $38,204 in debt in 18 months. Deciding to aggressively tackle his debt was life-changing.

Are You Addicted to Getting into Debt?

Jesse Mecham
|
April 17, 2013

Are you addicted to getting into debt? Answer these 15 questions: most people addicted to debt will answer “yes” to at least eight of them.

7 Ways to Avoid Personal Bankruptcy

Jesse Mecham
|
August 22, 2005

If you are considering filing for personal bankruptcy, here are seven actions you can take to help you avoid it.

How to Get Out of Credit Card Debt: 3 Steps to Follow

Jesse Mecham
|
June 30, 2005

If you're wondering how to get out of credit card debt, I've got some good news: you can, if you just follow these three steps.

Free Credit Repair Advice: Do It Yourself

Jesse Mecham
|
April 18, 2005

Here’s a bit of free advice on credit repair. Do it yourself. Of course, some people say free advice is worth what you pay for it – nothing.

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