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Archive for the ‘Debt’ Category

Removing the debt from your life can have truly amazing results. It reduces stress. Think about it today with gas prices over $4 per gallon does it really matter if you are earning an average income and have 0 debt? Nope not one bit, sure you would like to see it cheaper but think about the other side of the coin…

What if you are living paycheck to paycheck does $4 per gallon gas hurt you? Heck yeah!

Just a quick post today, been a long few weeks and it is really hot here today I am going to go keep cool! Until next time.

Derrick

Personal finance blogs are awesome reading.  Some of my favorite blogs are ones where people are deeply in debt and working to pay it off all while detailing the journey on a blog.  This really puts the personal in personal finance.

The one thing I find lacking is they very rarely determine what got them into debt in the first place.  Sure they may be out of debt now but if they did not determine what was the cause of debt they very well may find themselves back into debt once again down the road.

Personally I have never really been in debt. Sure I have a car payment and a house payment but I could pay off the car right now if I needed to and my house payment is less than most people’s rent in an apartment.

I should be debt free including the house in roughly 3 years maybe 4.  Not bad for a 26 year old.  Likely I could slow down the 401k and IRA contributions and become debt free much sooner but I like knowing I am putting money away for when I retire.

Just remember know what got you into debt to not have to face the same issues later in life.