An important strategy for staying out of debt is to have cash reserves. This is money in your bank account that you can easily get to for unexpected emergencies.
How Much Should You Keep in Cash Reserves
Some people suggest keeping enough money to live on for 6 months in cash reserves. The downside of this [...]
For small amounts of debt, you may be able to consolidate on your own. If you have money that you can get to, you can use it to pay off your debts. Here are some sources of self funded debt consolidation.
Home Equity Loan
Sometimes you can take out a loan against the equity you already [...]
Most people look for debt consolidation after they get in trouble. The best plan is to avoid getting into a situation where debt consolidation becomes necessary. The more you can avoid bad debts the less likely you’ll need debt consolidation services.
In general assets that appreciate are the only places you should take out a [...]
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