The Truth About Paying Down Your Credit Cards

It’s Flashback Friday and we’re bringing back Kate’s post about why it’s important to look at the big budgeting picture before paying off credit cards with a lump sum of money. A common question that we hear at LSS is “I’ve got cash temporarily. Should I pay down my credit card debt?” People will come…
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Budgeting Is Just For Nerds

What???!!! Did I read that right?! Is this some fake news site?! No, friends, we were not hacked and you read that correctly. The headline comes from a quote a colleague gave me a while back from a personal finance columnist at the Wall Street Journal – Jonathan Clements: “Don’t budget. It’s a tedious exercise…
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pay off debt

3 Steps To Take To Break The Debt Cycle

We’re flashing back this Friday to Mary’s post about how to take action and break the vicious cycle of debt… Everything seems to be going fine until the economy takes a turn for the worst, you lose your job unexpectedly, hours are cut, self-employment income is lost, and you can no longer afford all of…
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Be More Hopeful By Having A Plan For Your Finances

Many times when I am done counseling someone they tell me they feel more hopeful. But when the session starts, they tell me: “You have probably never seen a situation as bad as mine.” The truth is usually I find their situation is pretty average because we all have debt, financial obstacles, and goals we…
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What’s Your Financial Downfall?

If you see something on sale in a store do you feel compelled to buy it even though you don’t need it? If so, that might be your financial downfall. This means that you’re spending too much money on an item or service that it’s affecting your ability to save money, build wealth, keep up…
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