Blog Archives

Minimize Your Debt This Year

Posted on January 18, 2019 by Tracie Fauth — No Comments ↓

With the financial strain of the holidays, many find this time of year to be a stressful time. If credit card debt is haunting you in this new year, we have some advice to help minimize your debt going forward.…

Tagged with: bankruptcy vs DMP, debt management, Debt Management Plan, debt reduction, debt repayment, DMP, get out of debt, holiday debts
Posted in Bankruptcy, Budgeting, Debt, Debt Counseling, Debt Management Plan, DOs and DON'Ts, Emergency Savings, Financial Counseling, Overspending

How to Get Out of Debt

Posted on July 18, 2018 by Elaina Johannessen — 1 Comment ↓

Debt can be a vicious cycle for many people. Paying month after month, year after year and not making much progress. Not to mention you end up paying much more than the original price of whatever you charged because of…

Tagged with: Budgeting, Credit Card Debt, credit cards, Credit Counseling, Debt, Debt Management Plan, DMP, get out of debt, lss financial counseling, nonprofit financial counseling, Pay Off Debt, power pay method, Savings
Posted in Debt, Debt Management Plan

Managing Debt as an Active Service Member in the Military

Posted on March 8, 2018 by Elaina Johannessen — No Comments ↓

Members of the military face unique situations and challenges that civilians do not. For example, active service members face the possibility of deployment and sometimes continuous relocation. A 2014 National Foundation for Credit Counseling (NFCC) survey indicated 77% of service members…

Tagged with: active duty, Budgeting, budgets, Debt, deferment, Emergency Fund, forbearance, having debt in the military, lss financial counseling, military, Pay Off Debt, reduce spending, save money, security clearance, service member, spending cuts, student loans
Posted in Debt, Debt Management Plan, Military

What Will My Holiday Charges Actually Cost Me?

Posted on January 4, 2018 by Elaina Johannessen — No Comments ↓

Buy now, pay later. While it sounds like a great idea at the time, the consequences aren’t so great. You end up paying much more than the original purchase price and depending on how much you charged on your credit…

Tagged with: APR, Credit Card, Credit Card Debt, Credit Counseling, creditors, crisis budgeting, cut costs, debt repayment options, financial fitness, financial goals, financial stress, interest, LSS, lss financial counseling, nonprofit, pay off debt faster, power pay method, Savings
Posted in Credit, Debt, Debt Management Plan, Financial Counseling

Here’s the Cure for Your Holiday Shopping Hangover

Posted on December 26, 2017 by Elaina Johannessen — No Comments ↓

Christmas was yesterday so you may be wondering: why do I need to think about this right now? It’s because debt is more urgent than you may realize. If you used credit cards for Christmas presents or other holiday expenses…

Tagged with: budget, Budgeting, charging, Christmas 2017, christmas shopping, credit cards, Debt, financial stability, Holiday, holidays, interest rate, LSS, lss financial, save money, Savings, scrooge-o-meter, stop charging
Posted in Debt, Debt Management Plan, Financial Counseling, Holiday Shopping, Overspending, Shopping