Monday marked the 3 year anniversary of when my wife’s bankruptcy was discharged. I wrote about the causes of her bankruptcy back in December. It goes without saying that Longmont Ford and Public Service Credit Union won’t be getting any of our business in the future. I’m also not a big fan of the Colorado…
How to Pay off $50,000 of Debt in a Year
Earn an extra $50,000 a year and apply it towards debt. Lately there have been a rash of articles talking about large debt payoffs in a short period of time. I congratulate those on their dedication. But at the end of the day, we need to remember that those numbers are special cases. As the…
Using Dedicated Income Streams for Debt Payments
The struggle to pay debt is two-fold. There is the financial struggle of having enough money and there is the mental struggle of wanting to. I’m dedicated to paying off my debt. Fingers crossed, I should be debt-free in 4-6 years. If I had more money, I’d pay it off even faster. That is the…
Is $1000 a Large Enough Emergency Fund?
A few years ago, I got tired of living on razor-thin bank balances, just a mathematical error or forgotten check (this happened) away from an over-draft. Without ever hearing of Dave Ramsey, I decided I should have a $1000 cushion. Actually, we saved quite a bit more than that because my job at the time…