Debt Management Archives - No BS Investing

April 22, 2022

Debt Management

3 Takeaways from Student Loan Debt Stories on Reddit

Stories about people successfully getting out of student loan debt offers motivation for others to do the same. That’s why we took to Reddit. Everyone’s journey to becoming debt-free is

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April 15, 2022

Debt Management

Drowning in Student Loan Debt? Take This Step.

According to a Select and Dynata survey, 44% of 18- to 34-year-olds feel like they are “drowning in debt.” But student loan debt doesn’t have to mean feeling overwhelmed for the rest of

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January 18, 2022

Debt Management

6 Pros and Cons of Using a Credit Card

Every time you swipe a credit card for a purchase, you’re borrowing money – money that must be paid off eventually. According to the 2019 Experian Consumer Credit Review, the average American has

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January 13, 2022

Debt Management

4 Types of Debt You Need to Know

According to CNBC, the average American has $92,727 in debt. Thirty-four percent of Americans don’t know how much of their monthly income is going toward debt. Understanding the different types of

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January 4, 2022

Debt Management

How to Calculate Your Liquid Net Worth

Net worth is calculated by subtracting what you own from what you owe. The leftover money is your net worth and it helps you understand your overall financial situation. Liquid net worth goes a

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December 15, 2021

Debt Management

3 Steps to Avoid Lifestyle Inflation

Lifestyle inflation is when you upgrade your lifestyle as your income increases. Unfortunately, it can cause the best of us to live paycheck-to-paycheck. Why? Your income grows, but never your

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December 13, 2021

Debt Management

How to Pay Off Debt Quickly

The first principle of personal finance is to earn more than you spend and build a $1,000 emergency fund. The second principle is to pay off your debt. Whether you have $500 in debt or $100K+,

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September 6, 2021

Debt Management

10 Steps for Understanding & Managing Debt

Debt can negatively impact all areas of your life – from your personal activities to your professional lifestyle. And without debt education, it’s easy to borrow too much money and sink

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August 30, 2021

Debt Management

Should You Invest Money in the Stock Market or Pay Off Debt?

Million dollar question: should you invest or pay off debt? This decision is a struggle for younger and older individuals alike. Fret not. Here are the exact steps and calculations for you to decide

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Elisabeth O. is an MBA graduate with a specialization in International Finance & Investments and over six years of financial writing experience. She is passionate about long-term investing to build wealth, avoids day trading and speculations, and loves a good Warren Buffet quote.