Monroe on a Budget

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Archive for 'Debt relief'

Candy wants to be debt free – and she’s working on it

My friend Candy at Deal With It, Simply! and her husband are working through the Dave Ramsey Financial Peace University classes.
She’s been posting about her experiences and perspective on her blog:
This week our goal was to sit together and plan out our budget. It was stressful trying to find the time, but we did and [...]

MSNBC: How one family eliminated $106,000 in debt

MSNBC has this report How one family eliminated $106,000 in debt.
A snippet:
Five years ago, the Hildebrandt family of New Richmond, Wis., was juggling more than $100,000 in credit card and personal debt. Through frugality, determination and hard work, they are now — other than a mortgage — debt-free. …
For their debt-fighting prowess, the Hildebrandts were [...]

USA Today: Unemployed homeowners could get help

I normally do not post about “what if” proposals. I prefer to write about programs, resources and services that really do exist, and that my readers really can follow up on.
However, this headline will certainly be of interest to my Michigan and Ohio readers. The unemployment rate in Michigan has been 15 percent all summer.
USA [...]

USA Today: Some mortgage modifications make things worse

I haven’t jumped on the mortgage refinance bandwagon. Why? Laziness, I guess. It just sounded so complicated. Besides, my husband and I are not in a dire housing situation since we have a 30-year fixed rate mortgage and no plans to move again.
So we have been focusing my family’s money-saving efforts in other directions.
But I [...]

MintLife: 3 dangers of conventional budgeting

Does household budgeting drive you crazy? Maybe you’re looking at the wrong expense category.
The MintLife blog has this post: 3 dangers of conventional budgeting.
A snippet:
Spending an extra few dollars on lunch a couple of times a week or meeting a friend at a café every so often is probably not what keeps you in a [...]

How do you pick which bills to pay?

Own the Dollar has a very practical post for families on tight budgets called How do you pick which bills not to pay every month?
A snippet:
It is not rocket science to know that not paying bills is a bad decision, but it is a decision that more and more families are finding themselves in as [...]

A critique of debt settlement marketing material

Steve Rhode, Twitter’s GetOutofDebtGuy, has posted a critique on some actual debt settlement / debt consolidation marketing material on his main blog, How to Get Out of Debt.

Avvo: What to do if debt collectors call family and friends

Avvo.com has this post by Jeffrey Scott Hyslip: What to do if debt collectors are calling your friends and family members.
A snippet:
Debt Collectors are allowed to contact your friends and family members if they do not know how to contact you. However, when they contact them, they are only allowed to attempt to acquire your [...]

New student loan repayment options available July 1

Starting Wednesday July 1, there will be some new options available for students to pay back their federal college loans.
It’s called the Income Based Repayment Plan. Here is where you can get more details:

CNN report.
Detroit Free Press report.
Repayment calculator at FinAid.org.
IBRINFO.org.

How do you get the federal student loans? You file the Free Application for Federal [...]

When the ex doesn’t pay the bills

A divorce decree doesn’t mean the end of financial matters with the ex-spouse.
CreditCards.com has this report from Sally Herigstad: When your ex doesn’t pay on joint account.