Wednesday, July 16th, 2008
Personal Finance Update
Being past the midpoint for this year, it seems to be a good time to take stock and review how I am proceeding against my goals.
Emergency Fund
My emergency fund has been built and is now sitting at a little over $1000. Goal complete.
Credit Card Debt
At first, I did poorly with this goal for the year. [...]
1 Comment » - Posted in goals by Jack
Sunday, October 7th, 2007
What to do about Bad Debt
Now that we have discussed what makes up Good Debt in How to decide if something is Good Debt, lets turn our attention to Bad Debt.
Bad Debt can have a lot of elements that make it bad. Sometimes it is just one reason that makes us consider something Bad Debt. Other times, there are [...]
1 Comment » - Posted in Credit Terms, Debt by Jack
Friday, October 5th, 2007
How to decide if something is Good Debt
As I am not the first person to discuss good debt, lets treat the topic a little bit differently. In this post, you will find a list to a number of other posts and online articles that discuss Good Debt. After each link, you will find a single sentence with the most important [...]
1 Comment » - Posted in Credit Terms, Debt by Jack
Wednesday, October 3rd, 2007
Is Debt a Mountain or Canyon?
Debt has frequently been compared to a mountain. It can be massive, just being present it can cast a shadow over anything else, and it is difficult to remove. The best way to get rid of a mountain of debt is to chip away at it a little bit at a time. It [...]
No Comments » - Posted in Debt by Jack
Thursday, September 20th, 2007
Debt Analogy
I must admit that I’ve just read a great analogy for debt. Having backpacked the Grand Canyon three times in my life- once in the summer – I know just what Blunt Money is describing.
I can even recall my experience on the Bright Angel trail. I was doing a week long trip, so [...]
No Comments » - Posted in Debt by Jack
Wednesday, September 19th, 2007
How to Snowball Debt
When I build a snowman, each part is built separately by starting with a small snowball and rolling it around the yard until it is big enough. Then I stack all of them together and decorate to create my finished snowman.
Snowballing debt is a very similar process. You start out making small extra [...]
