Archive for 'Debt'

Debt and Holiday Shopping

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We hope you had a wonderful Thanksgiving! Did you participate in any Black Friday or Cyber Monday sales? The holiday retail frenzy is in full effect, and it seems like every year it gets bigger and crazier. Forget the turkey – some people skip Thanksgiving dinner altogether so that they can line up earlier at their favorite stores. For them, it’s clear that Black Friday is the truly notable “holiday”.

Though Black ...

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Why Getting Out of Debt is Like Becoming a Bodybuilder

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Around this time last year, my friend told me that he was going to become a bodybuilder. When he said that, I thought he was joking. Here was someone that I’ve known since grade school….someone who never placed much importance on exercising at all, let alone building muscles!

After college, he went to work at a start-up, but he didn’t feel fulfilled with a “desk job”. He wanted to do something active, ...

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Good Debt, Bad Debt

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Sometimes it makes sense to borrow money, but many times, it doesn’t. While it’s possible to live debt-free, many of us wouldn’t be able to pay for life’s big purchases without taking on some debt (i.e. buying a home, paying for college, etc.).

But when is it smart to borrow, and when is it better to wait until you have more money saved up? When used appropriately, debt can help you build ...

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Will I Inherit Credit Card Debt?

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“When a parent passes away, will their child inherit the debt?”

Although not a pleasant subject to think about, it is a question that many people have on their minds and something that needs to be addressed. There isn’t a simple yes or no answer, but depending on the jurisdiction you live in, you may not be responsible for your parents’ debt (at least not directly).

While such questions can only be answered ...

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Till Debt Do Us Part

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Every year, people enter into marriages and include “till death do us part” in their wedding vows, with the expectation that they will spend forever with their partners. But when financial problems arise, it has the potential to rip apart even the strongest relationships.

A few nights ago, I was watching Till Debt do Us Part on CNBC. On the show, financial expert Gail Vaz-Oxlade visits couples who are struggling with debt. ...

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