Considering debt consolidation? Here are five things you need to check to determine whether you should get a debt consolidation loan.

Check out Credible to easily compare loans:
https://bit.ly/consolidate-dfm

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?CHECK OUT THE HOW TO CONTROL YOUR SPENDING WORKBOOK
http://bit.ly/DFMworkbook

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? READY TO BUDGET?
Sign up for the Debt Free Millennials FREE budget toolkit: https://www.debtfreemillennials.com/toolkit

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? SIGN UP FOR BUDGET BOOTCAMP
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? Facebook Group: https://www.facebook.com/groups/debtfreemillennials
? Instagram: https://www.instagram.com/debtfreemillennials_
? Site: https://www.debtfreemillennials.com

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Let me guess – your finances are a mess. Your credit score isn’t perfect; your debt is out of control; you don’t have a budget, your savings account has seen better days; and investing confuses you. Do any of these situations sound familiar? If so, you’re in the right place. In 36 days, the LIVE RICHER Challenge will help you master your money through simple, daily financial tasks. Are you ready? Let’s go.

Winner of the 2015 Moon City Short Fiction Prize

In her debut collection of stories, Laura Hendrix Ezell assembles a harmonious chorus of resilient female voices—many speaking from the margins of their own lives, all contemplating their complicated relationships with the men who influence their trajectories. Set against rural backdrops whose emptiness and isolation hint at constrictive forces rather than wide open spaces, Ezell’s stories capture their characters not only at their most vulnerable and desperate, but also at essential moments of self-discovery, of purposeful recognition of the extenuating circumstances that have shaped their respective fates.

Throughout A Record of Our Debts, Ezell weaves together diverse, distinctive tales with remarkably fluid yet muscular prose that belies the desolate imagery contained within. These are striking, memorable odes to overcoming, though not always in ways that leave the characters whole. These are people who somehow manage to find themselves in the aftermath of loss, who uncover their own modest strengths while surrounded by so much weakness. This is a long, winding road of adolescents forced into prostitution by their own fathers, healers still haunted by the men they could not save, and widows who convert abandoned churches into makeshift diners in the hopes of luring back their husbands’ spirits. In short, this is a powerful exploration of the human spirit at both its best and its worst.

Ezell’s figures extend well off the page, lingering in one’s memory long after the final line. For that, readers owe Ezell a debt of gratitude.

I owe you a dinner invitation, you owe ten years on your mortgage, and the government owes billions. We speak confidently about these cases of debt, but is that concept clear in its meaning? This book aims to clarify the concept of debt so we can find better answers to important moral and political questions.

This book seeks to accomplish two things. The first is to clarify the concept of debt by examining how the word is used in language. The second is to develop a general, principled account of how debts generate genuine obligations. This allows us to avoid settling each case by a bare appeal to moral intuitions, which is what we seem to currently do. It requires a close examination of many institutions, e.g. money, contract law, profit-driven finance, government fiscal operations, and central banking. To properly understand the moral and political nature of debt, we must understand how these institutions have worked, how they do work, and how they might be made to work.

There have been many excellent anthropological and sociological studies of debt and its related institutions. Philosophy can contribute to the emerging discussion and help us to keep our language precise and to identify the implicit principles contained in our intuitions.

Forbes calls David Carlson’s personal finance blog Young Adult Money “a must read for millennials.” Hustle Away Debt, Carlson’s new book, gives millennials drowning in debt – student and otherwise – a lifeline. Carlson details his secrets to getting out of debt through the concept of “side hustles.” He shows how side hustles can help you develop new sources of income that allow you to pay off debt faster. He also shows how this can lead you to explore new fields you might not have otherwise worked in and how you can pick up useful skills for your full-time job – all while developing your earning potential to the fullest.

As their children grow up parents face increasing need to develop and guide their wise formal use of money. In the teen years, acquiring a credit card is a first foray. Then purchasing a first auto comes along. As post-secondary education nears, student loans arise. Graduation moves a better auto and a first condo or home purchase to the horizon. Increasing complexity and monetary magnitude of loan needs can be a scary challenge for people relatively new to debt.

Debt is a 4-Letter Word, but it need not be! is a book series that helps parents and young people to effectively maneuver through first-time debt worries. In The College Experience the reader walks along as a fictionalized Dad and daughter go through her independent need for a credit card for ongoing college expenses, financing her college dreams, considering graduate school, and planning for post-graduation repayment of student loans. One observes Dad’s caring teaching path; taken atop informed, strategic borrowing strategies he shares and uses as they make important decisions and take vital steps together. You see a parent become less and less overseeing and a daughter more and more self-reliant.

Debt is a 4-Letter Word, but it need not be! The College Experience volume includes:

• 20 LESSONS about typical college-related debt needs young families face

• 42 detailed hypothetical SITUATIONS numerically covering borrowing circumstances commonly encountered in real life college experiences

• Step-by-step explanation of needed calculation techniques

• 39 easy-to-do EXERCISES for the reader to try the illustrated calculation methods

• Table-based aids to simplify/expedite applying the detailed calculations procedures

While pragmatic and detailed, the book is written in a fun, narrative style so the reader will enjoy learning what otherwise might be unexciting financial matters.

Today’s families are suffering from two major calamities–major debt and severe health issues. Too often people decide they have to choose between eating well and paying bills. Our fast-paced lifestyles lend us to eating on the go, majorly at fast-food restaurants. With each day, month and passing year, our pants grow larger and our wallet gets smaller. In this thought-provoking book, Jessica Cassidy chooses to target the reader’s debt to alleviate the obstacles that often stand in the way of eating healthy and taking charge of one’s health. “Eating Your Way Out of Debt” teaches you how to: *navigate a grocery store, *create delicious meals for pennies on the dollar *Implement time management to keep you ahead on those busy nights where cooking seems like a chore. This book will challenge your way of how you have cooked and prepared meals for your families for years and will ignite a passion of becoming more sustainable and self-reliant.

While financial disharmony can blow a marriage apart, financial harmony can bind it together. In this highly practical book, Mary Hunt helps couples bring the principles of intimacy-the foundation for harmony and debt-free living-into management of their money. These principles include acceptance, freedom, safety, and honesty in money matters, creating an atmosphere that unifies two lives into one.

Debt-Proof Your Marriage is packed with real-life advice that infuses readers with hope and direction. It covers everything couples need for managing their money in harmony, including how to:

* reconcile different money behaviors and beliefs
* let go of financial fears
* understand the basics of practical money management
* share financial work between two people
* manage roller coaster income
* successfully live debt-free

Hunt’s essential guide will help couples protect both their marriage and their money. With the interactive workbook, it’s ideal for small group study or pre-marital counseling as well.

How to get out of a situation where you can’t honour loan obligations such as paying your loan EMI. Here are 5 tips to get out of what is called as debt trap and take charge of your finances.
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Hello and welcome to FundooMoney, your 24X7 buddy for all your money matters. We have all heard about the word “debt trap”. But what exactly is it? Well, debt trap is situation where you have taken so much debt or loans that you find yourself unable to even service the monthly interest. You actually need a loan to pay the interest and hence end up increasing your debt. This is a vicious cycle created in the first place due to excessive and high interest rate borrowing. You need to create and work on a plan diligently to get away from this financial mess. Shortly, we tell you the essential steps that you need to take in such a plan.

Pay off high cost debt at the earliest
Prioritise all your debts based on interest rates. Get rid of highest cost debt such as those of credit card outstanding that typically charge 40% annually. If the outstanding amount is too large, take a personal loan or do a balance transfer on EMI on other credit card. This could bring the interest rate to a more manageable level of around 12-15%.

Consolidate medium cost debt
If you have many small value loans like consumer loans, personal loan or credit card dues, it would be better for you to bring all these loans at one place by taking a personal loan or debt consolidation loan at a low interest rate. You can interact with your lending institution for this.

Look for low cost alternative
If you have high interest rate loan like a personal loan, you could take a lower cost loan, typically loans against assets such as gold, car or property to pay off the high cost debt.

Try extending the tenure
If you are likely to find it difficult even to pay off low cost EMIs, consider extending the tenure of the loan to manage the repayment obligation. Secured loans should typically allow you to have a long tenure. This will keep the EMI under check. Once your income rises or you get any windfall gains, you can utilise that amount for faster repayment of your loan.

Liquidate investments if the need be
If all of the above steps are not enough, consider liquidating some investments such as idle gold or property. Try to view this move without emotion. Consider the loan repayment burden a cost of retaining these investments with you. Once outstanding loans are repaid, you could use the money to invest for your future.

We hope you found this useful. Do share with us and others on the channel your tips for getting out of debt trap, by writing in the comments section. For more such actionable personal finance information and regular uploads, subscribe to our channel. Also, visit our website, download our mobile app and stay connected with us on Instagram, Pinterest and Slideshare.