iMoneyCoach on December 5th, 2012

How many times have you heard that you should be putting aside at least $50 or $100 a month into your savings account? And how many times have you been frustrated, either thinking that there is no way you can come up with that much or wondering if it should be a savings account or [...]

Continue reading about How Much Should You Put in Savings Each Month?

iMoneyCoach on January 3rd, 2012

What is debt exactly? The definition of debt in as something that is owed or or that one is bound to pay to or perform for another. If you have made charges on your credit card or have signed a home or auto loan, you are bound to pay the lender for those charges [...]

Continue reading about What is Debt? And What is Credit?

iMoneyCoach on December 27th, 2011

A lot of the people we work with at iMoneyCoach have something in common. They’ve got some debt – they’ve tried various methods of getting out of debt, but somehow they end up back in the same place (and unfortunately sometimes worse off than before). Sound familiar? Have you tried the workbooks, seminars, TV shows, [...]

Continue reading about How to Stay Out of Debt After You Get Out of Debt

iMoneyCoach on September 27th, 2011

I’d like to address a common misconception about money that may also provide a little boost in motivation for getting out of debt. Often we make a purchase thinking that an extra $10 or $20 or whatever in debt isn’t so bad. It’s a little disheartening that we didn’t save that money, and we don’t [...]

Continue reading about How $10,000 in Debt is NOT Just the Opposite of Saving $10,000

iMoneyCoach on August 23rd, 2011

With the recent economic times, I’ve come across a surprising number of people considering using their 401(k) funds to pay down debt. I don’t want to leave you with a simple “no, you shouldn’t do that” and skip a good discussion on why or what your options may be. So here goes… If you are [...]

Continue reading about Should I Use 401(k) Funds to Pay Down My Debt?