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?
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
This is a guest post by Mike Egan who is the author of “Your Stronger Financial Future”. A recent article in the New York Times focuses on seniors who are considering mortgages on new homes when they retire. The article is a good summary of what seniors (or anyone considering … [Read more...] about How Debt Can Ruin Your Retirement
and get it. It is one of my top ten best personal finance books that everyone should read. This article originally appeared on the blog, Get Out Of Debt and is reprinted with permission. “Dear Steve, I am a caregiver to my quadriplegic husband since 2006. The credit … [Read more...] about How to Find a Payment Plan Without Cutting Out Necessities
Recently my bank, USAA, who I absolutely love doing business with offered me a deal to refinance my car with a new car loan at a reduced interest rate. So, of course, I pounced on it. I would be lowering my interest rate by almost 1% and moving another loan back to my favorite … [Read more...] about I Refinanced My Car Loan, Dropped 1%, And Still Pay $4 More A Month!