A client came to me recently because of credit card debt and feeling like she never had anything left over at the end of the month. I had her do something that I have all my clients with credit card debt do—I had her make a list of all of her credit cards with the … Continue reading The Debt Consolidation Trap, or How I Saved My Client $48,000
Tag: finance
Why Your Credit Card Shouldn’t Be Your Emergency Fund
Imagine this scenario … Bruce has a sudden dental emergency and gets a bill for $2,500. He doesn’t have any savings – who knows where the money goes each month – so he puts it on his credit card at 20% interest. “Luckily” the minimum payment is only $42 per month – he can figure … Continue reading Why Your Credit Card Shouldn’t Be Your Emergency Fund
August is National Wellness Month
August is National Wellness Month, which was founded to encourage people to focus on their health – self-care, stress management, and healthy routines. But financial health is also a big part of a person’s overall wellness. Financial issues contribute to stress, put strain on relationships, and can impact our mental well-being. Addressing your finances during … Continue reading August is National Wellness Month
Book Review: “The Millionaire Next Door”
The Millionaire Next Door by Thomas J. Stanley and William D. Danko is on many lists of “top personal finance books” – but should you read it? If you are looking for a book on how to manage your personal finances – this isn’t it. But if you are curious about the lifestyle of the … Continue reading Book Review: “The Millionaire Next Door”