How Will Lower Payments Affect You? 1. You will be in debt longer. Unless you are able to get your interest rate reduced, a lower payment will always mean a longer term. This is upside down thinking; your goal should be to get rid of your debt quicker – not sign up for additional years. [...]
Parents Who Argue Over Money Set Up Kids for Financial Challenges
October 25, 2012 | Posted by
Did your parents constantly argue over money when you were growing up? If so, it may have something to do with all that credit card debt you’ve racked up. A new study by researchers from East Carolina University surveyed more than 400 college students about their finances. While gender and class year were the top [...]
Debt: Talk Finances in a New Relationship
July 20, 2012 | Posted by
When is the ideal time to talk finances in a new relationship? How long should you wait? Would you dump your girlfriend if you found out she had $80,000 in debt, asked IWillTeachYouToBeRich.com. What if it was student-loan debt? That’s what happened to this guy. Or…what if you found out it was credit-card debt? How [...]
Jamaica Still Shackled By Debt
May 14, 2012 | Posted by
Debt-shackled Jamaica’s interest payments as a percentage of gross domestic product were the highest in the world last year even after a domestic debt restructuring two years ago, according to a Washington-based think tank. A new report on Jamaica’s economy by the Center for Economic and Policy Research says the heavily-indebted Caribbean country’s total interest [...]
