Car loans, credit cards, student loans, consolidation loans they all have the same effect. Less money, more stress and a financial environment where you’re living paycheck to paycheck. If you’re struggling with debt and can’t seem to find a way out, read the latest FTP articles on successfully managing your debt, and how to pay off debt fast. I always say “debt is not a lifetime sentence.”
You may find the key to paying off debt fast is by learning how you got there in the first place.
On a day to day basis, most of us tend to believe we control our destiny. The jobs or careers we pursue. The relationships we seek, how we raise our children. And of course, managing your money, and learning how to improve your finances. When we think about improving our finances, we tend to think […]
You’ve seen these 0% balance transfer offers advertised before? An Insane Credit Card Offering 0% Interest Transferring Your Balance to a 21-Month 0% APR is Ingenious Demolish Your Debt with this 18-Month 0% Credit Card Are you considering a 0% balance transfer offer to pay off debt? Or maybe consolidate your debt. […]
Do You Have Self-Limiting Beliefs about Money? In my eBook 4 Steps – Save Cash, Eliminate Debt, I talk about our emotions being a critical factor in shaping our behaviors about money. How you feel when you are spending, budgeting, or saving can create positive or negative behaviors. If the behaviors are negative, then […]
Holiday credit card debt is kind of like the flu. Once you have it, it tends to stick around for a while. If you find yourself overwhelmed with holiday credit card debt, you’re not alone. Here are five simple ways to avoid a repeat of your credit card debt next year. (Updated for 2020) […]
Finding good practical advice on how to pay off your debt is easy. A simple Google search will get you a whole bunch of great articles. Including the ones, you can find here on FTP. However, what you won’t find often enough is articles on what’s NOT important when you’re paying off debt. The things […]
In my previous article, I discussed three common limiting beliefs that will either put you in debt or keep you there. The beliefs that… Making more money is the only way to get out of debt. Taking out a loan is the only way to buy a vehicle. Not being very good with money […]
So you’re looking at your monthly payments, a car loan, a student loan and a bunch of credit cards. And you’re wondering how do I get out from under all this debt? How do I lower my monthly payments? You’ve heard of this thing called a debt consolidation loan, and your wondering, is debt […]
Are you struggling with a mound of debt? Are you trying to save money? Sick of living paycheck to paycheck? If you’re finding that taking control of your finances is a challenge, it may be that you need to start letting go of the past. What if it was possible to take control of your finances […]
Are you wondering why you need an emergency fund? I am sure you’ve heard it many times before, it’s considered one of the most important aspects of successful money management. An emergency fund is where you stash cash so you’re prepared for those unexpected emergencies that life throws at you every now and then. […]
What do debt management planning and lower back pain have in common? Let me explain. I can still remember that day. It was 7:30 am in the morning and I was brushing my teeth before I went into work. As I bent over the bathroom sink I felt a sharp pain in my lower back. […]
Wisconsin is a special place for Mother Nature. She provides us with four wonderful seasons throughout the year. Wisconsinites are fortunate to be able to experience the fresh new start of spring, the long warm days of summer, and beautiful colors of fall. Even winter has its own standard for beauty like freshly fallen […]
I recently watched the HBO documentary Panic: The Untold Story of the 2008 Financial Crisis. The documentary discusses the events surrounding the cause of the 2008 crisis. And the sequence of events that the government took to prevent an economic collapse. It’s a great documentary that provides new information and sheds light on the event. […]
The average car loan payment in the U.S. is $450/month. It may seem like an impossible feat, but if you want to stop making car payments you need to learn how to pay cash for a used car. Buying with cash and buying used is the only way to make sense of a car […]
Most often the discussion surrounding consumer debt focuses on how to get out of debt. Why debt is bad, and why saving money is good. In addition, debt is often a topic of interest for many personal finance books and blogs. These perspectives are educational, relevant and important to the cause and effort of […]
The Snowball Method is one of the most talked about concepts for eliminating debt. For some it’s viewed as the only way to pay off debt (i.e. FTP), for others it’s viewed as an impractical approach because it doesn’t take into consideration the interest rate you’re paying on your debt. However, regardless of what […]
Actually, the real question might be – how many credit cards should you have based on what the credit card companies think? Here is how I manage my credit score of over 800 with one credit card. Ever since I started blogging about personal finance topics I have wanted to write an article […]
The time value of opportunity is the ability to recognize money saving or money making opportunities (events) that will benefit you over the course of a lifetime. The key word being recognize. For example, in relationship to vehicle insurance. Most think of vehicle insurance as a single annual occurrence. You pay your premium every year […]
Technology is great, isn’t it? We listen to music on our smartphones, stream HD movies over the Internet to our TV, and now Uber and Google are testing driverless cars. And when it comes to personal finance, there are smartphone apps to help you track your expenses, online budgeting tools so you can link […]
Are you struggling with debt? Not sure how to take the first step and manage your way out. Here are three steps you can take to stop procrastinating and create your plan for success. Sandbags I hate cleaning the shower! I despise it. The strong smell of bathroom cleaner The […]
We all love to spend money. It makes us feel good, it’s fun, makes us feel confident and even empowered. Of course, the challenge is making sure we are spending the money on the right things and for the right reasons. As it relates to our finances and as discussed […]
It’s not rocket science. However, you do need to understand how the Snowball Method works to pay off debt fast. Download the FTP Workbook and use the simple debt worksheet to start paying off your debt. If you have researched the Internet you’re probably aware of all the different methods and recommendations to pay off […]
If you have made the decision to save cash, pay off debt and create a new lifestyle – great job. I assure you, the plan you have will create many opportunities for you and your family in the future. As you implement your plan and travel down the road to financial freedom, you […]
