Making extra money is the best way to change your financial situation. The good thing is that in our current time, there are so many ways to earn extra money through the classic side hustle. Basically this is a “job” you do on the side of your main job. You can earn money with your…
Paying off debt is hard for anyone. It’s always on your mind until it’s gone and wiped clean. Debt hovers over you like a dark cloud just waiting to storm. Those clouds seem to be even darker when you have a low income. Without the necessary funds to pay down debt quickly, it can feel…
Paying off debt is a very difficult task to achieve. No matter which way you slice it, it will take time and patience to cut your debt down to $0. Many people that have reduced their debt live by the two methods that are used most: Debt Snowball and Debt Avalanche. There are other methods…
Do you have debts that you are considering paying your debt off early? Everyone wants to be debt free (well most of us do), but did you know there are some cons to paying off your debt early? Depending on your situation, paying it off early could damper your financial situation, so make sure you…
You Can Save While Paying Down Debt! I know this is a cliche topic. Most will tell you that you should stop saving when you are paying down debt. Why do they say this? It is simple. The math isn’t in your favor when you take time to save. Debt usually comes with high interest…
There are so many words of advice about purchasing a car that I wanted to throw my hat in the ring as well. The reason I want to do this is because I have a little different view point about purchasing a car. I don’t disagree with the other view points as I think they are valid, but I just have a little twist in how I see it. As stated time and time again, finance decisions like this are personal and you have to make the best financial decision based on you.
The Debt Avalanche is another popular debt repayment method which focuses on paying off debts in a calculated manner by focusing on how much interest you pay. Unlike the Debt Snowball method, you pay off debts based on the interest rate. When I was in over $75,000 of debt, the debt avalanche is what I…
If you’re looking to pay down debt, then you’ve probably heard of the Debt Snowball. This debt repayment method was made famous by Dave Ramsey as part of his 7 Baby Steps. The Debt Snowball is used as part of Step 2. In this money short, we ask what is the debt snowball and give…
It’s starting to get warm out there again, which means one thing… Time to tune up and turn on those air conditioners while trying to save money on your cooling bills. Tough job! If you’re anything like me, then you know how uncomfortable it can be when you’re hot in your own home. I hate…
You don’t make a lot of money and you’ve worked hard to get out of debt. Now that you have the taste of what it’s like to not have a monthly interest payment for maybe the first time ever as an adult, the last thing you want to do is go back into debt. But,…
Five years ago, we were able to pay off the last of our credit card debt. I can’t believe it’s been 5 years since that last payment was sent and we were credit card debt free! Really, time has been flying by. We’ve done a lot of stuff since breaking the chains of debt, and I’m…
I’m constantly asked how one should pay off debt. It’s extremely hard to answer, because it’s generally based on personal experiences and preferences. That being said, I firmly believe in paying off debt and saving money at the same time. Why? It’s because that’s how I did it and I showed it was possible…
