Debt is the most dreaded word of everyone in the world. However, no matter how much we hate this word, it is always better to be prepared and knowledgeable about anything related to it. Learn more about debt and what you need to know about it here!

  • The US Debt Dilemma

The US Debt Dilemma

By |March 23rd, 2016|

Government debt may often be a confusing topic when addressed as a whole and not broken down and discussed by level. Due to the various types of government debt, it is important to be familiar with the structure of each level of government. There are three main levels of government in the U.S; the […]

  • Ready. Set. Refi.

Ready. Set. Refi.

By |March 3rd, 2016|

Got student loan debt from undergrad, graduate school, or both? If your answer is yes, then the next video in the Charisse Says series on Modest Money, “Ready. Set. Refi.”, is for you. It is nearly impossible to do all of the investing we have discussed in earlier blogs and episodes if you are […]

  • Puerto Rico Barely Avoids Default

Puerto Rico Barely Avoids Default

By |December 4th, 2015|

Puerto Rico scrambled to free up enough money to stave off a default earlier this week on a $355 million debt payment, according to Reuters. In an unprecedented event the archipelago announced a plan that would take money from one group of bondholders to pay another. This sounds somewhat like a ponzi scheme but […]

  • Should You Pay Off Student Loans Before Investing?

Should You Pay Off Student Loans Before Investing?

By |October 31st, 2015|

Millennials who have been out of college for a few years are starting to wonder if they should start investing before they’ve paid off their student loans. There is no one-size-fits-all answer to this question, but each person should be able find the best path forward.

Investment and debt-repayment are two sides of the same […]

  • 6 Student Loan Debt Forgiveness Options

6 Student Loan Debt Forgiveness Options

By |October 12th, 2015|

Most of us are not fortunate enough to be able to pay for our education outright. If we are lucky, we can obtain a few scholarships to help offset some of the costs, but most graduates leave college saddled with student loan debt. For some recent grads, this means a frighteningly large amount of […]

  • The Psychology of Spending

The Psychology of Spending

By |August 21st, 2015|

Are you a spender, a saver, or maybe somewhere in between? There are so many different pieces that make up our very dynamic personalities, but have you considered how your personality affects your finances?

Could your outgoing personality cause you to spend more on social events? Or could your even-tempered nature keep you levelheaded and […]


A Novel Idea for Debt Cancellation

By |July 27th, 2015|

This post will relate directly only to my British readers. But it shows a very novel way that governments and businesses are handling the problem of widespread debt among the British populace. Because this problem is by no means unique to the people of continental Europe, this method of debt repayment is among the […]

  • The Big Dilemma: Save or Pay?

The Big Dilemma: Save or Pay?

By |July 6th, 2015|

It’s much like a sinkhole or quicksand; once you have fallen victim to the debt of high-interest credit cards, you feel like you are sinking further and further into the abyss.

The good news (well, sort of) is that you aren’t the only one. In the United States, we collectively owe $880 billion, with each […]

  • The Bridges We Cross on the Road to Debt

The Bridges We Cross on the Road to Debt

By |June 22nd, 2015|

With my son preparing to go to college in a little more than a year, I have been thinking about my own journey from living at home with my parents to becoming an adult. Part of this transformation involved going from having no debt and no real financial obligations to being loaded down with […]

  • Could Subprime Car Finance Cause Another Global Financial Crisis?

Could Subprime Car Finance Cause Another Global Financial Crisis?

By |February 4th, 2015|

Given the events of years gone by, the very mention of ‘sub-prime lending’ may bring fear to the forefront of your mind. Despite this, investors are turning to the subprime car finance market in their droves, lenders are underwriting deeper than ever before and both are likely making a tidy profit.

Car finance is now […]