From the category archives:

Debt

3 Tried and True Ways to Find Money to Snowflake on Debt

by MelissaBatai on January 24, 2012

Snowball credit card debt

Are you in debt?  If so, you are in company with millions of Americans.  However, 2012 can be the year that you resolve to be debt free or to significantly reduce your debt. My preferred method of paying down debt is two pronged—use the debt snowball (pay down smallest to largest debts, regardless of interest [...]

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Post image for Should I Increase Emergency Savings or Payoff Debt?

Those dedicated to strengthening their financial situation often find themselves facing the decision of paying off debt or building a large emergency fund.  There are benefits to both, and the final decision will ultimately be based on your personal preference, risk tolerance, and priorities. Benefits of Paying off Debt First – You free up income [...]

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Should I Hurry to Pay off My Student Loans

by Lakita on February 12, 2010

I am NOT a fan of debt, so why in the world wouldn’t I pay off my student loan with “gazelle like” intensity? The screenshot below will explain why I considered a less than aggressive payment strategy for my student loans.  Think back to 2002-2003, college consolidation loans hit an all time low interest rate.  [...]

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Debt Health Assessment

by Lakita on January 11, 2010

Post image for Debt Health Assessment

“Health is not valued till sickness comes.” Please answer honestly, this will be for you to retain. Many of the questions are subjective, they are designed to get you to think about the impact of financial decisions and debt.  On a sheet of paper, number 1 through 12, for each question write yes or no. [...]

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