Archives by Tag 'debt'

The Basics

By Linda Leitz - Last updated: Wednesday, June 21, 2017

There are some basics that will help anyone get started financially, or keep going in the right direction. The fundamentals outlined here are accredited to the Alliance of Comprehensive Planners. Save regularly. It’s a good idea to save at least 10% of your annual gross income. Gross income is your income before any deductions, including […]

Tackling debt

By Linda Leitz - Last updated: Friday, May 20, 2016

Reducing debt is a common new year’s resolution. If it’s on your 2016 To Do list, here are some tips to making headway on debt reduction.   There are a couple of things essential to keeping your credit score solid while you’re prioritizing cash flow and debt payments. One is to make minimum payments by […]

Your year end financial report card

By Linda Leitz - Last updated: Tuesday, December 22, 2015

As the year draws to a close, it’s a good time to take a look at your financial situation. That will prepare you to set your financial priorities for the coming year.   First, what’s your debt level? Did it increase during the year? If so, why? Having productive debt, like a mortgage or manageable […]

Being on Track

By Linda Leitz - Last updated: Wednesday, September 9, 2015

We all want to manage our finances in a way that will ensure that we’ll have enough money for a comfortable life. But there’s conflicting advice on what’s right to do. Most of us get regular unsolicited offers for credit cards, lines of credit, and mortgages through the mail. At the other end of that […]

Three Financial Mistakes for Young Adults to Avoid

By Linda Leitz - Last updated: Tuesday, July 15, 2014

There are some great financial strategies that make a sound financial life achievable. There are also some mistakes that can slow down or stop a young adult from getting started on a good financial path. Bad debt. It’s easy to live beyond your means. Credit cards can be a convenience, but in the age of […]

Financial Tips for Young Adults

By Linda Leitz - Last updated: Monday, March 3, 2014

A good start can make all the difference between a solid financial life and working to clean up a money mess. Here are a few pointers that involve spending less than you make. That may seem obvious, but if that’s so, why do so many young people have high credit card balances that they don’t […]

College Loans Now

By Linda Leitz - Last updated: Monday, July 20, 2009

Our nation – both the citizens and the government – is drowning in debt right now.  Too much debt, much of it poorly structured, has put our economy in a slump.  So it may seem foolhardy to consider getting a loan for college now.  But there can be good reasons for getting a loan and […]

Debt

By Linda Leitz - Last updated: Monday, January 28, 2008

There’s good debt and bad debt.  Good debt can allow you to acquire an asset with financial advantages more quickly than you could have enough cash saved up to pay for it.  Lots of the common forms of good debt give you a tax break.  Mortgages and many student loans are good examples.  Even a […]

Fiscal Fitness

By Linda Leitz - Last updated: Thursday, January 10, 2008

There are some basics concepts that just about everyone should live with in terms of the finances.  These ideas as I’ll put them forth here are part of the philosophy of the Alliance of Cambridge Advisors.  (If you’re looking for an ethical capable financial advisor in your area, www.cambridgeadvisors.com is a great place to look.)  […]