Debt Archives - Dr. Budgets

You’re Out of Debt! Now What?

Jeannie Rodriguez — Sun, 23 Jul 2017 20:26:21 +0000

By Jeannie Rodriguez | Dr. Budgets Daniel and I met in 2011. We knew right away that our relationship was special, so it might not surprise you to learn that we started talking about some pretty serious stuff early on: kids, marriage, and, especially, money (he is Dr. Budgets, after all!). Before too long, Daniel had looked at where I was spending my money and made some suggestions to pay down the debt I had […]

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Use Debt. Don’t Let Debt Abuse You.

Daniel Rodriguez — Sat, 16 Jul 2016 17:13:35 +0000

Debt can help you fulfill your dreams and move you forward in achieving your financial goals. Debt can also turn into your worst nightmare if you aren’t careful. So how do you use debt, rather than letting debt abuse you? Step one is to get yourself out of credit card debt. If you are in credit card debt, then you need to figure out why you are still in debt, then take the necessary steps […]

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5 Reasons Why You Are Still in Debt

Daniel Rodriguez — Sat, 09 Jul 2016 14:07:09 +0000

You have a balance on your credit cards and you have decided to pay them off in two years. That’s great! So you simply take your total balance and divide it by 24 to find out what you should pay each month… then, two years later, you’re out of debt, right? If only it were that easy! Paying off debt isn’t just about figuring out the numbers. There are a lot of emotional considerations involved […]

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5 Tips To Stay Out of Holiday Debt

Daniel Rodriguez — Tue, 02 Dec 2014 18:58:30 +0000

By Daniel Rodriguez | Dr. Budgets Happy December! I hope you had a great Thanksgiving Weekend! If you are like most Americans, you probably did some shopping over the weekend, and you probably did some online shopping yesterday. But December doesn’t need to mean holiday debt! This month I want to share a few tips that can help you stay out of holiday debt. 1) Create a holiday gift budget (and stick to it). First […]

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Say “No” to Student Loans!

Daniel Rodriguez — Tue, 02 Sep 2014 15:56:09 +0000

By Daniel Rodriguez | Dr. Budgets Yesterday was Labor Day and the unofficial end of summer. Scores of students headed back to school in recent weeks, and many of those students are college students. In the spirit of “back to school,” we’ll be focusing on money and kids this month, and we’re kicking it off with a few thoughts on student loans. Many people would classify student loans as “good debt” because it allows someone […]

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The Rule of 72 for Debt

Daniel Rodriguez — Sat, 01 Mar 2014 16:13:18 +0000

By Daniel Rodriguez | Dr. Budgets Have you heard of the Rule of 72? According to Wikipedia, it is a method of estimating an investment’s doubling time. This rule is useful for quick calculations. For example, if you invested $10,000 today at a 6% return, the Rule of 72 determines that your investment would double to $20,000 in 12 years (72 ÷ 6 = 12). Taking this a step further, your investment would double to […]

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