It takes almost no time to build debt, but what feels like forever to pay it off. Having a strategy will help you to accelerate your debt repayment. In this…
Tag: debt repayment
If you’re one of the lucky Americans who will get a tax return this year you may be faced with a pleasant dilemma: what do I do with this extra…
A debt snowball is a debt repayment strategy that prioritizes paying off your debt with the smallest balance, moving to the next smallest once the first one is paid off, gaining momentum…
A debt avalanche is an accelerated debt repayment plan that prioritizes paying off debt with the highest interest rate, saving you money in total interest paid compared to other methods. You…
Pro·cras·ti·na·tion (prəˌkrastəˈnāSH(ə)n) – the action of delaying or postponing something. We’re all familiar with procrastination; whether it’s a particular household chore or those financial tasks we all know we should…
A budget is a plan that you create for your money, setting up a framework for ongoing spending and saving for your financial goals. Some budgeting methods are rigid, very…