Financial Fridays: What I’m reading on the web about how people manage their credit card debt

Romanticizing debt and ramen

Racking up credit card debt, because your entry-level salary doesn’t meet Big City living expenses, and watch as your interest rate increases and your ability to make the minimum payment begins to flag. Depression. Getting started on a nice little ulcer, which isn’t as … Eventually listening to your therapist, realizing that your situation is untenable, quitting your job, swallowing your pride, and moving back in with your parents. Eating lots of bland food and hoping the ulcer goes away on … — Fri, 13 Jul 2012 10:27:56 -0700
As a result, taking on debt based on current low rates is exactly equivalent to a cash-strapped family taking on more debt because they got a low teaser rate on a new credit card. Eventually the rates go back up on the debt. Just because … — Fri, 13 Jul 2012 09:46:29 -0700
That money could go to paying off credit card debt or building an emergency fund. That gourmet coffee you just cannot resist may be keeping you from getting ahead financially and both of those things can keep you awake at night. –Brought to … — Fri, 13 Jul 2012 09:05:48 -0700
These technologies were omitted in building the skyscraper of cards (“house of cards” seems too mild) out of collateralized debt obligations (CDOs), credit default swaps (CDSs), synthetic collateralized debt obligations (SCDOs), and the rest.” … — Fri, 13 Jul 2012 08:49:34 -0700

Debt and the Girl: Bridesmaid Dress Update

I am still feeling a little concerned over the financial aspect of it-especially since I am so close to being credit card debt free. Yesterday, I met with my friend at the bridal store and she had me try on a few dresses. None of them looked right on … — Fri, 13 Jul 2012 08:24:00 -0700
The CIBC only just reported that well over seventy two % of Canadians have money worries, with either 30 day home finance loan, monthly payment, college student loans or the shocking unsecured credit card. … undertaking business in Canadian Provinces. clarifies Cambridge Life Solutions as follows; an organisation that enables a huge number of families across Canada supplying loan treatment services to people battling together with their credit card credit debt. — Fri, 13 Jul 2012 08:18:53 -0700

End Creating Blunders With Controlling Your Personalized Budget …

To lower consumer credit card debt totally stay away from going out to restaurants for three a few months and use the excess funds in your personal debt. … Do your own research and try not to be relying on family and friends. This can help … — Fri, 13 Jul 2012 08:03:46 -0700