From the category archives:
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
- The burden [...]
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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. Everyone [...]
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“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 [...]
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