Posts tagged ‘debt’

6 Early Warning Signs of Debt Trouble and How To Avoid It

Updated: June 7, 2020 | Personal Finance | 3 Comments

People who are deep in financial liabilities didn’t just wake up one day and suddenly found themselves drowning in debt. Debt troubles don’t happen overnight. In most cases, it started from a series of bad financial decisions and poor money habits, which were left unchecked and never corrected. Below are some of the early warning […]

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Tips on How OFWs Can Get Out of Debt and Start Saving

Updated: May 30, 2020 | Personal Finance | 2 Comments

It’s so easy for Overseas Filipino Workers to get a personal loan, especially in the Middle East. And this has caused a lot of them to become buried in debt. To make things worse, a lot of OFWs borrow money just to buy unnecessary stuff. They purchase cars, new gadgets, luxury bags, flat screen TVs, […]

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5 Tips on How to Motivate Yourself to Get Out of Debt

Published: May 3, 2017 | Guest Posts, Personal Finance | 1 Comment

The constant stress and overwhelming feeling, which debt burdens you with is painful and frustrating. Just having that weight off of your shoulders makes getting rid of debt, worth it. But there are also a lot of other rewards that come with becoming debt free. The trouble is that many of these rewards don’t appear […]

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FREE Download: Credit Card Debt Payment Calculator Excel Spreadsheet

Updated: November 24, 2020 | Personal Finance | 2 Comments

If you own several credit cards and want to pay off your debts, then here’s a tool that can help you. This free download is an Excel spreadsheet that helps you calculate how much you should pay each credit card every month, so you can strategically reduce and eliminate your debts. I used the Snowball […]

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Are South Africans Taking Out Too Many Unnecessary Loans?

Updated: August 6, 2017 | Guest Posts, In Focus | No Comments

Today, I give way to a colleague who wants to share some thoughts on the state of personal debt in South Africa. His article starts below. A survey by has revealed that many South Africans are taking out loans for unnecessary purchases, using this finance to fund everything from holidays and fashion, to the […]

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Here’s a Video That All Debt Collectors and Collection Agencies Should Watch

Updated: October 10, 2019 | Inspirational | 2 Comments

People who are not able to pay their debts, especially credit card debts, will soon get a call from a collection agency. And that, in almost all cases, would mean getting rude calls, threatening letters from supposed lawyers and many other forms of harassment. While there’s already Senate Bill Number 1277 or the Philippine Fair […]

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Four Debt Payment Strategies Every Person Should Know

Updated: July 4, 2020 | Personal Finance | 8 Comments

Do you have huge credit card debts? What are you doing to get rid of it? Most people just pay whatever they can afford every month, with some only paying the minimum amount due on their credit cards. If this is simply what you’re doing, then your payment strategy is “weak” and could use an […]

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What to Teach Your Kids to Keep Them Out of Debt

Updated: September 8, 2020 | Guest Posts, Personal Finance | 8 Comments

Many people struggle with getting out of debt, specially credit card debts. One reason for this is because I believe, there is very little emphasis on the importance of proper personal finance in our educational system. While we are all advised that saving money is good, we are however not really taught in school how […]

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You’ve Got To Know When to Hold Debt — and When to Fold It

Updated: February 21, 2014 | Guest Posts, Personal Finance | 3 Comments

I have friends who are really debt-averse. Sadly, I can’t blame them for being that for most have personally experienced, or have seen someone close to them, struggle through the difficulties of being in deep financial debt – the worries, headaches, sleepless nights and much more. But on the other hand, I’m fortunate to know […]

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Becoming Debt-Free Begins In The Mind

Published: June 16, 2011 | Mindsetting, Personal Finance | 7 Comments

Everyone wants to be debt-free. Unfortunately, only a handful of people are able to do it. And even fewer are those who are able to sustain it for the long term. So what’s the secret of these people who have successfully eliminated debt from their lives? I could only guess. Perhaps because I believe that […]

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Top 10 Signs That Say You’ll Never Get Out of Debt

Updated: April 24, 2020 | Mindsetting, Personal Finance | 23 Comments

Having debts is a normal part of a person’s financial life. You are not alone – millions of people have debts. So there’s really no reason for you to pity yourself for having debts because as I said, it’s normal. However, what is important for you to realize and remember is that, not all debts […]

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How To Get Out Of Debt With The Snowball Method

Updated: May 30, 2020 | Personal Finance | 25 Comments

How do you pay off your debts, specially on your credit cards? Do you spread your payments across them? Do you pay whichever calls or contacts you first or those who are persistent with their payment demands? In the past, when I was still struggling with my finances, I discovered a debt reduction strategy which […]

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What To Do When Your Parents Are In Debt Trouble

Updated: January 7, 2020 | Life Lessons, Personal Finance | 7 Comments

As a child, most of us believed that our parents are perfect. But as we grow older and become more independent, we often realize that our parents are just like any one who would sometimes make bad choices and commit mistakes. Such is the realization of a friend who confided with me one night about […]

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