Archive for June, 2008

Debt is Bad for Your Health

Saturday, June 14th, 2008

An article published by CNN says that stress is bad for your health. According to the article, people with high levels of debt experience more severe health problems such as anxiety, ulcers and heart attacks than those without debt.
The higher stress of having debt also made it harder to concentrate and accomplish goals, the study [...]

Compounding Interest and Credit Card Debt

Monday, June 2nd, 2008

Do you know how much that new TV or bedroom suit is going to cost you by the time you pay it off? 
Millions of Americans borrow money every year, and I’d estimate the vast majority of them don’t understand how compounded interest works. Interest can be a powerful tool to earn money (as with investments) or [...]