17
Sep

Debt. We hate debt. Our ancestors hated debt. The people in the Bible all talked about paying debts and how they all ended up preaching about paying what is owed a lot. Basically, the whole story of human economic life has a lot to do with what we have, what we want, what we will give to get what we want, and what is owed to get it.

The world today, however, has dramatically transformed since the dark ages, when we paid off what we owed using our livestock, our gold, and our daughters (yes, dark days indeed!). We did not, however, stop owing people anything to this day. We pay taxes. We pay off insurance premiums. We hand money for loans we take for our business, our car, our home, or our children’s education. We make money too. We just spend it on big, important matters of consequence.

As such, we’ve come up with some online resources to help you stamp out debt. We’d like to share with you some of the nifty places we get wisdom on keeping our money safe, secure, and completely ours. After all, if the United States economy was on the brink of collapse because too many people couldn’t pay off their debts (which turned out to be bad debts in the first place), then we call this a bit of community service a civic duty.

First up is the debt service blog, aptly named DebtServiceBlog.com! The blog is precisely that: A repository of all manner of debt management tips and strategies. They feature techniques to prevent a massive financial meltdown that are simple but effective and foolproof. They also have solutions for negotiating with debt collectors, and finding ways to buy oneself time to be able to service the debt, if not to reduce or even eliminate obligations altogether (although that on its own would be highly unlikely).

Another interesting read is BankRate.com, a website that aggregates banking information. While the data on possible interest rates and inflation rises can all be interesting, what works here is their section on ‘advice.’ Their team of writers has some sharp points to make on saving money, and on servicing debts. Most recently, they outlined some “dumb financial moves” that illustrate frustrating “recession regrets” done during the economic downturn. (They are “not having emergency reserves,” “investing in the so-called ’sure thing,” “panicking over the market collapse” and “ignoring the fine print”.)

BankRate.com can clue you in on some of the trickier points of navigating expenses. They also have on-site some nifty tools to help calculate one’s mortgage, credit card and retirement 401(k), among others.

Last but not the least is ManVsDebt.com. Just as the name suggests, Man vs. Debt chronicles the story of Adam Baker, a relatively ordinary guy. He’s not a finance expert, nor does he have extensive economic spreadsheets and flowcharts on how to get out of debt. That’s exactly why this blog works – it’s meant to show how people can get their finances straight so their lives can free up. Not a ‘get out of debt’ guide, but a ‘get into life’ one.

The blog is well-written and entertaining. It is also full of intelligent ideas on identity protection, ideas on dealing with taxes and how to turn negatives and losses into positives and net gains. These are interspersed with Baker’s own story, chronicling how his life changed since he switched mindsets from ‘working’ to ‘living.’ The blog will never sound like an authority on the matter, but then again, it never claimed to be that. It does, however, illustrate how simple steps can go a long way in making one’s fiscal future fit, in more fundamental ways that many can understand.

So there you have it. Do you have any favorite places you like to browse through on personal finance? Speak up and share!


4 Responses to “3 Online Sites to Combat The Tiny Death Called Debt”


Jessie September 17, 2009

These are helpful sites. Thanks! It’s so disturbing how debt, well, credit, actually makes our world move these days. I guess it’s necessary but most of us get caught up on the bad side of debt.. I hope more people see your site so we can all learn how to manage our finances better. Thank you so much for explaining things in your posts, in the most simple ways.

Carla September 17, 2009

It is really nice that despite the inevitability of not having debt/s, there are some useful sites such as those mentioned in this great blog to fight off debt and make people not financial unstable. Instead these websites also helps people to learn the mistakes of others and avoiding those things.

Kareena September 21, 2009

I am really glad that there are sites which helps people about their finances. Furthermore, among those sites, micash is on top because their topics are really explained in the simplest way possible in such way that it wouldn’t be hard for readers to understand. Anyhow, with regards to this topic, the websites given were really helpful since all focus on fighting debt and I am pretty sure that any person wouldn’t want debt following in their backs because debt is one deadly thing.

nike September 30, 2009


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