Debt bondage

reported high levels of stress over debt were also more likely to report a wide variety of medical issues, including headaches, depression, and lower back pain. (How Can Budgeting Affect One 's Personal Life, 2016). Personal budgeting decreases anxiety about your finances and allows you to concentrate on increasing income, hobbies, and spending time with family. (How Can Budgeting Affect One 's Personal Life, 2016). An individual may be in denial about their debt that causes stress-related…

According to the Huffington Post, nearly four out of five college students are working a part-time job while studying for their degrees. For several reasons, these students need to acquire cash and they do so by obtaining jobs around or on their campus. However, more often than not, students struggle with keeping their GPA up while putting in hours at their part-time job. Students like Keisha M. Carr, are taking up to fifteen credits a semester-the equivalent of five classes-all while putting in…

lasting effect on both their professional and personal life come when they are attempting to figure out how to get out from underneath all the company debt that is left when the decisions…

In this article, A lifetime of student Debt? Not Likely, Robin Wilson argues that student- loan borrowing is threatening the financial future of today’s college students. According, to Michael S. McPherson, an economist and president of the Spencer foundation, students “more often, the problem among students who go heavily into debt is that they are determined to attend their dream college, no matter the cost.” His argument is that students who attend the best colleges will enroll no matter how…

In 2008 a real estate and mortgage collapse occurred in the United States forcing many homeowners nationwide to face the sudden threat of foreclosure. Overall the nation experienced an economic decline that was hugely affected by this collapse. People were suddenly unable to manage the repayment terms on their homes and they were forced to foreclose or sell their homes for significantly less than what they had been worth at the time of purchase. This devastating occurrence could be blamed on a…

funds injected into the business or equity raised through share offerings), you won’t benefit from any of the tax deductions that debt financing provides, and if you only have debt financing, your financial leverage will be greater but your overall profits will suffer and you run the risk of becoming insolvent if you don’t remain liquid enough to pay your short term debt obligations. Therefore, conducting extensive research on the right mix for your type of business is highly advised. Just…

Wow! Rent to Own! It gives the family that has lost their home to foreclosure a second chance to regroup, re-establish credit and potentially take advantage of today 's real estate market, while putting those significant lessons learned into practice. First of all, it 's hard to say that folks in this category have checkered pasts. Sometimes, job loss, illness or other catastrophic event scan thrust families with decades of good financial records into the most dire of circumstances. Savvy…

The rich rule over the poor, and the borrower is the servant to the lender. (Proverbs 22:7). The less debt you carry, the fewer people there are who can force you to do things with your money you may not want to do. Your house, your car, and any other asset you have pledged to a debt are not really yours to control while someone else has a financial interest in it. Everything is fine until you stop making the agreed payments and the item is…

Some even say that student debt may soon become America’s next major economic crisis (Oxford Analytica Daily Brief Service 1). It is estimated that the average student loan debt on the United States is around 26,000 dollars and student debt as a whole adds up to approximately 1.3 trillion dollars. Too many people are perpetually stuck in debt and too little is done to aid these former students. University costs are on the rise to this…

is how I got into debt so eventually I had cut that down to $20. My cable I had to cut back yes I had less channels for a more than a year but I am still here. I also would have to downsize my internet I had to get the cheaper one I used to have the $45 but I had to get the $30 which it was not too bad just a lot slower speed for browsing the web. I also would cut back on my retirement and saving account that was not necessarily the best thing to do but I needed to get out of debt and that was…