There’s nothing more satisfying than paying off a loan and closing a debt chapter of your life. At the same time, sometimes paying off debt requires a strategic approach, which can make it difficult for you to determine in what order you should tackle your debts. With that in mind, here’s what I know about
Accumulating credit card debt has a snowball effect: It’s easy to keep swiping and not realize how much you’re charging on credit cards, and how quickly little purchases can result in major interest charges. In my family’s case, mindless purchases and frequent minor emergencies resulted in $30,000 in debt over the course of three years.
So, can you buy your dream house if you have student loan debt? The common wisdom is bleak: student loans are preventing borrowers everywhere from living The American Dream. It doesn’t have to be that way, however. Here are eight ways to maximize your chance of buying your dream home — even if you have
Having a credit score can be important even if you don’t want or need to get a loan. Employers may run your credit before hiring you for a job. Or if you rent, your landlord may require a credit check before offering you a lease. Having good credit has always seemed like a big game
In a lot of ways, racking up debt has almost become an American pastime. Buying a new living room set? Finance it for 12 to 36 months at 0%. Trading in your car? Well, of course, you’ll want to get a new car loan – you can even stretch it out over 84 months to dull
Debt sucks. It restricts you and enslaves you to someone else until it’s paid off. What often gets lost in the process is what you do after you pay off your debt. Personally speaking, I was so focused on paying off debt that I forgot a lot of other things. I was so engulfed in