payoff series

Welcome to Part Three of a 6-part series I’m doing on personal loans, credit card debt, and refinancing – the Payoff Series. If you’re new here, go back and check out Part One and Part Two!   Debt consolidation allows borrowers to roll multiple old debts into a single new one. Ideally, that new debt has a lower interest rate that makes payments more manageable or lets borrowers pay off the total more quickly. Many people try debt consolidation, but not all emerge better off. Some borrowers wind up in worse shape, either because they run up their credit cards again or because their debt remainsRead More →

whole 30

Oh hey there friends. As many of you know, I’ve been struggling with eating better (and within budget) since starting this debt payoff journey. The need to stick to my food budget got a little harder last weekend, when I decided to take the Whole 30 challenge. Essentially, you’re supposed to eat almost entirely organic, whole, foods…while eliminating a lot of cheap fillers like beans and quinoa. For more information and/or to be inspired to take your own Whole 30 Challenge, read It Starts With Food: Discover the Whole30 and Change Your Life in Unexpected Ways. I’m doing Whole 30 mostly because of some physicalRead More →

payoff series

Welcome to Part Two of a 6-part series I’m doing on personal loans, credit card debt, and refinancing – the Payoff Series. If you’re new here, go back and check out Part One! Refinancing credit card debt means paying off your current debt-load with another loan. Refinancing is different than debt negotiation. In debt negotiation or debt settlement, you work with your lenders to reduce the total principal you owe by offering a fast, lump-sum payment. Refinancing means you will still have monthly payments, but they will be to a different lender. The ultimate goal in refinancing is to secure a better debt situation thanRead More →

We Tried It

Us Dames work hard for our money, as I’m sure you do too. So when we come across an opportunity to bring in a little extra cash, we figure why not give it a try? Today’s money making opportunity? Sweepstakes. I first thought about giving sweepstakes a try when I saw one of those TV specials on TLC called Sweepers or some such. It was pretty much a neighbor of the extreme couponers show. In it they followed three people who made their livings by winning sweepstakes. They each had their own strategies but basically spent about 6-9ish hours a day sweeping. Then they wouldRead More →

Canadian Budget Binder

Hi friends, Just wanted to let y’all know that Dames in Debt was recently featured on Canadian Budget Binder! We were part of the 2016 Making A Difference series! You can read our post here, just look for the Making a Difference headline. Thanks so much for helping us take our personal finance journey way further than we ever thought possible! And check out Canadian Budget Binder while you’re at it! <3 from the DamesRead More →

payoff series

Last week, I told y’all about a 6-part series I’m doing on personal loans, credit card debt, and refinancing – the Payoff Series. Welcome to Part I! It’s no secret that America is in a debt crisis – student loan debt is in the trillions, the government itself is battling its own debt, and regular consumers are adding mortgages and credit cards to the mix. The average American household has $15,000 in credit card debt, and the average interest rate on those credit cards remains above 13%. Debt Stress is No Joke And how are people handling all that debt? Not well. One in five people considerRead More →

spending fast

It’s been six months since I started my spending fast journey. Honestly, it’s become pretty routine now. Not that I ever struggled to not shop, but I’ve realized how little I actually need. I’ve also realized my food budget (& not packing my lunch) is a far more pressing problem. Oh well, I’m a work in progress. Regardless, I’ve learned a lot in my six months of fasting. Here are six lessons for six months: Impulsive shopping is the worst kind of shopping. I haven’t broken my spending fast, and I’m pretty proud of that (though I did ask my boyfriend to buy me aRead More →

frugal socialite

I’ve gone six months without buying a single non-essential item (part of my $pending Fast), and I’m not going to lie, sometimes it’s tough. But over these last few months, I’ve realized why. Not spending makes me feel like I’m not participating. I miss hanging out with my friends at happy hours and dinners. I miss going to the movies or to the mall without worrying about my bank account. And sure – while you can always go on a walk with your friend – going to a rockin’ spin class or sauna just feels more fun. These *frugal* days you’ll find me less likely to suggestRead More →

asking

We talk a lot on Dames in Debt about ways to save money or smart spending, but let’s not also forget another very important piece of the no-debt puzzle: increasing your income. You can scrimp and save all you want, but at some point, you just can’t save any more. It’s unfortunate in this day and age that many of us technically considered “middle class” full-time employees can’t earn enough to live off of our 40 hour a week earnings. The answer? You need to make more money. Today’s post is about the quickest, easiest way to increase your earnings: asking your boss for aRead More →

wedding budget

  Well, it’s officially wedding season. And while I happen to love weddings (much to my boyfriend’s dismay), I’ve got to admit – they can be pricey…and not just for the happy couple or wedding party. The average guest plans to spend $673 to attend a wedding this year according to the latest American Express Spending & Saving Tracker, and that’s not even including a destination weddings. Being a budget wedding guest gets a little trickier when the expectation is to spend almost $700. Weddings are expensive for a lot of reasons. They tend to take up whole weekends of your life (especially if you’re traveling), whichRead More →