Whether you are in your last year of grad school or a recent graduate and are venturing out on your own for the first time, creating a budget is essential to ensuring a healthy financial future. What Is a Budget? A budget is a sheet of paper or a spreadsheet that … [Read more...] about Budgeting – An Essential Component to a Healthy Financial Future
Top 5 Money Moves to Make Before You Pay Off Your Debt
Getting out of debt is a long hard road, but there are several money moves that you can make before you even start to pay off your debt. Cleaning up your financial house a little bit before you start to pay off your debt will help to give you the greatest chance of success. It … [Read more...] about Top 5 Money Moves to Make Before You Pay Off Your Debt
How Being Lazy with Your Credit Cards Can Cost You Money
The following is a guest post from Monica Clark who writes about all kinds of money and personal finance topics at DirectBanc.com If there’s one thing we’ve learned over the last few years with all of the scrutinies on credit cards, is that they are not a one-size fits all … [Read more...] about How Being Lazy with Your Credit Cards Can Cost You Money
Which Is Best: Paying Off The Lowest Balance Or Highest Interest Rate Debts First?
There are a couple of thoughts on how you should pay off your debt. Should you pay off your debts with the lowest balance or highest interest first? Do you pay off your credit card and other debt by throwing all of your available resources and free cash flow at the debt with … [Read more...] about Which Is Best: Paying Off The Lowest Balance Or Highest Interest Rate Debts First?
Dave Ramsey’s Baby Step Two – Pay Off Your Debt With A Debt Snowball
The second baby step in Dave Ramsey’s is to pay off all of your debts except your mortgage. He recommends doing this by using a debt snowball. When Dave Ramsey talks about paying off all of your debts except your home, he means exactly that, all of your debts. This is where … [Read more...] about Dave Ramsey’s Baby Step Two – Pay Off Your Debt With A Debt Snowball