DR 055: Beverly Harzog: How She Paid Off $20,000 of Credit Card Debt in 2 Years

Beverly Harzog

Podcast: Play in new window | Download | Embed A great success story can be very motivating. And that’s exactly what Beverly Harzog brings us in today’s podcast. Beverly describes how she sunk into $20,000 of credit card debt, maxing out all seven of her cards. But her story doesn’t stop there. She then shares […]

Published or Updated: April 18, 2014

5 Factors to Consider Before Using a HELOC for Your Emergency Fund

A reader named Brian asks whether it’s a sound move to use a home equity line of credit as an emergency fund: Rob, I enjoy your podcast, and I have great respect for your approach to personal finance. The 31-Day Money Challenge actually had me looking forward to my daily commute. I have a simple […]

Published or Updated: April 15, 2014

Financial Decisions are About More Than Math

Forget the Math

When it come to financial decisions, you can learn a lot from both Captain Kirk and Mr. Spock. What they teach us – together – is that when it comes to financial decisions, you need to go beyond the math. So much of finance involves math, and we certainly don’t shy away from that here. […]

Published or Updated: April 14, 2014

DR 048: How to Deal with Your Debt–An Interview with Author Liz Weston

Liz Weston

Podcast: Play in new window | Download | EmbedThe four letter word of personal finance is debt.  Most of us have it; none of us wants it.  I’ve written a lot about how to get out of debt.  Today I’m excited to have Liz Weston, author of Deal With Your Debt, on the podcast. We […]

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Published or Updated: March 30, 2014

Quick Tip: How to Use Excel to Calculate the Monthly Payments on a Loan

Excel function

Most of us probably forget much of the math we learned in high school or college. There are times, however, when a little math can help us with our finances. One such time is when we need to calculate the monthly payment on a loan Whether we are considering a car loan, student loan, or […]

Published or Updated: March 19, 2014

How to Deal with Setbacks When Climbing Out of Debt

Debt Chart February

Confession: I dreaded writing this post today. It’s just a little depressing. See, at the end of February, Ben became unemployed. It was a decision we didn’t take lightly, and we do feel like we made the right choice. (I won’t go into all the reasons. Suffice it to say that we had sufficient reasons […]

Published or Updated: March 15, 2014

Our 2014 Debt Journey: Getting the Snowball Rolling

Debt Snowball Method

If you’re joining me (and my family) for our journey towards debt freedom in 2014, here’s our update: The Update It’s pretty depressing, actually. Our total debt has actually gone up slightly, rather than going down. Here are the reasons: New Credit Card Charges: I had to make a couple of essential business purchases on a […]

Published or Updated: February 6, 2014

DR 021: Which Way is Up?

Money Up Arrow

Podcast: Play in new window | Download | EmbedThis is the fourteen day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at the debt snowball. In today’s podcast, we look at how to tackle multiple financial goals at […]

Published or Updated: January 16, 2014

DR 020: The Debt Snowball

Debt Snowball

Podcast: Play in new window | Download | EmbedThis is the thirteenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we started a 3-Day series on how to get out of debt. In today’s podcast, we look at the […]

Published or Updated: April 3, 2014