One of the popular debt myths out there goes like this: There’s a difference between “good debt” and “bad debt”. It’s such a pervasive notion that people spend their time arguing over why one “type” is a good thing, while the other isn’t.

(In fact, I’ll be surprised if no one responds to this post explaining why it’s a good idea to borrow money for certain reasons, either because you “can’t get ahead without it” or because “it’s smart to use other people’s money”.) Continue reading →

While it works great, there’s one thing that the debt snowball method can’t do: cut through your excuses.

That’s up to you, because it’s a part of the get-out-of-debt process that involves changing your behavior.

In fact, like so many of us, you may have gotten so used to using excuses as a reason to borrow money that you don’t even realize they are excuses. Continue reading →