Posts tagged video
Two Cents Tuesday - Do this BEFORE you pay off debt

Do you find yourself getting into debt, working hard to pay it off (finally!) and then...getting into more debt? Does that credit card bill never seem to move that much, no matter what you do? 
 

In debt. Boo.

Debt free. Yay!

Debt, again. Boooooooo.

If this cycle sounds familiar, you're not alone. This is such a common situation that I coined a phrase to describe it - binge debting.

Binge debting is common, difficult to break out of, and psychologically and motivationally very demeaning. It can make you feel hopeless, dumb, and ashamed. 

There is, however, a cure.

Just like with binge dieting, binge debting's more well-known cousin, the solution lies in fixing the underlying issues.

The underlying issues that lead to binge debting? Lack of cushion (savings), and lack of planning (a budget).

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Two Cents Tuesday - What if I can't pay my taxes?

I bet you thought tax time was behind us, didn't you?

In reality, though, it's always tax time. Am I having enough withheld? Am I saving enough? How much will I owe? How much will I get back? What impact do the changes to tax laws have on me, if any?

Roughly 1 in 4 Americans will have a tax bill (not a refund) in any given year, and recent tax law changes mean that many people are finding their tax refunds are smaller or gone altogether. If you're self employed, you know this struggle well - particularly if your business is changing rapidly, and/or you don't have the cash to consult with a CPA to do detailed tax planning.

If you're one of the folks who got a bill this year, you might be asking yourself - what happens if I can't pay my taxes?

[Check out this week's Two Cents Tuesday video to hear everything I've got to say about this topic]

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Two Cents Tuesday - What's the deal with credit card points?

If you’re like most folks, you probably use credit cards. Maybe you’re working on paying them off, or maybe you’re like a lot of people and use them for points.

Getting rewarded for spending money you were going to use anyway? Sounds like a great thing, right? Just switch the card you pull out of your wallet and there you are. Points! As long as you pay off the cards at the end of the month, you don’t pay interest, and then you get all these magic points. Win-win, am I right?

Not so fast.

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