Let's be honest, being in debt sucks. Depending on how much you owe, it could take years to pay down. Here are some tips that could speed up that process.
First -- and this is very important -- you need to commit to becoming debt free and make it your lifestyle. Now let's attack your highest interest loans, which are most likely on your credit cards.
Don't make the problem worse, pay your bills on time. Create a calendar, do whatever you need to do, because overdraft fees are a killer.
Next, attack the interest rate. If you can, transfer the balance to a lower interest card, do it! If you have a few bucks at the end of the month, use it to pay down that debt. You would be surprised how much impact sending in an extra $10 per month will have on your debt. So be creative finding that $10 or hopefully more.
And if you get paid every two weeks, you will probably end up with an extra paycheck every year. But don't spend it -- attack your debt! If you get a raise, don't spend your money, attack your debt!
And for the love of God, don't take out another credit card or loan until you pay off everything else!
The risks are likely different from what you've been told. Here's what you should be watching instead and how it could impact your investment decisions.
The issue is not CHK's debt, but whether it can service the debt, and the company's robust hedge book and the recent uptrend in natural gas pricing CHK show that it should be.
After reaching the age of 68, I know a lot more than I did back in 1968. Here's my note to myself as I was getting ready to go off to college and then on to the real world.
It's so nice to be in love and really get to know someone. But do you really know that person? Do you know your sweetie's credit score? Do you have your own checking account? Give me 60 seconds and I'll tell you why you should!
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