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Debt

Is Your Debt Ratio Healthy?

How do you know if your debt ratio is healthy?Let’s say you’re making a good salary, but you’ve got a big mortgage and car loan. Is there a point at which you’re tipping the scales and being weighed down with too much debt?One way to gauge is by...

When Debt Can Make You Richer

What do the very rich know that the rest of us don’t? That the D-word—that would be debt—can actually be a tool for building wealth.After the financial disasters of the last five years, that may seem counterintuitive, to say the least. But...

Co-Sign at Your Own Risk

Should you co-sign a loan or credit card for a friend or relative? I get this question a lot, especially since  the economic downturn has made it harder for people to obtain loans.   There are certainly situations where you might be inclined to go...

He Has Debt. You Don't. How to Protect Your Marriage

You know that money fights are a leading source of breakups. And these days, many of those clashes are likely to be about debt. So what do you do if your partner has massive law school loans, say, or other outstanding debts—and you don’t?Here's...

My Fiance and I Crunch Our Numbers

Armed with detailed spreadsheets and statements—I recently had the “let’s combine our finances” talk with my new fiancé. Gulp. Despite past conversations about our income levels—I earn more—and some other issues, we’d never really bared our...

Save or Pay Off Debt?

It's a common dilemma: Should you put all your spare cash toward paying down debt, or build up your emergency savings—or a little of both? It's a serious question now. If you lost your job, the average length of unemployment is about 33 weeks—or...

Ditch Debt Safely

Capitalizing on the wave of Americans desperate to ditch their debts, a slew of new debt settlement companies have hit the scene, with flashy TV and radio ads promising to make your debt disappear. But many engage in "abusive, fraudulent and...

Bouncing Back From Bankruptcy

Allison is a pseudonym for a DailyWorth reader who shared her story of bk recovery. I remember the day I went bankrupt. It was the moment my debt finally outweighed my shame. I'm bipolar, and one of the trademark signs of being manic is excessive...

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