Getting out of debt is a topic dear to my heart. As a younger man I used my credit cards without caution, even when I had the cash on hand to pay for things. Why pay now when you can pay later? I think of the Foghat song, “Live Now, Pay Later.” Well… later eventually comes. Fast forward about 10 years and suddenly I found myself tens of thousands of dollars in debt, barely able to even make the minimum payments on my cards. The worst part was that even when I did make the minimum payments, my overall debt still went up every month, even without charging anything new. The finance charges (and occasional late fees) outpaced the miniscule minimum payments. Getting out of debt will take time, let’s get that straight. … Read entire article »