Debt Snowball Into Savings Or Pay Off Debt?

The idea of debt snowballing is a popular one: it pushes you to get rid of your debts and get on a financially stable playing

Got Credit Card Debt?

Jon writes in: I have a bunch of credit card debt spread across several different cards and I’m having a hard time getting started paying

12 Tactics On How To Get Rid Of Debt

Almost every day, someone writes to me with intimate details about their debt situation. Some of them are pretty mild and can easily be taken

A Portfolio of Credit Cards for Specific Purchases?

Jenelle wrote in recently and described her way of using credit cards: Unlike your advice to minimize your credit cards, I actually have eight open

You Can Do This

About two years ago, I had almost $17,000 in credit card debt. That added up to about a third of my salary at the time,

Pay Ahead on Your Mortgage or Investing?

Recently, I mentioned that I encouraged people to invest instead of paying ahead on their mortgage. It left me thinking quite a bit about debt

Using All Cash To Kick The Debt Habit

One common tactic adopted by people who are in severe financial straits is an all-cash lifestyle. They tear up all of their credit cards and

Should I Pay Off Low-Interest Debt or Invest?

This week, The Simple Dollar attempts to address challenging questions in personal finance by looking at both sides of the story and figuring out some

Avoiding Boredom During A Financial Turnaround

One strong undercurrent of sentiment among commenters on this blog is that living a financially sensible lifestyle – spending far less than you earn, investing,

A Deeper Look At Dave Ramsey’s Seven Baby Steps To Financial Freedom – And How They Apply To Us

In a recent discussion about why I’m looking at paying off debt in the short term over investing, a reader mentioned Dave Ramsey’s book The

Why I Focus on Debt Freedom over Investing

Over the last few weeks, my wife and I have taken some serious looks at our overall financial state, our happiness with our current lifestyle,

The One Hour Project: Construct Your Debt Snowball (Or Something Like It)

If you’ve gone through even a few of the one hour projects in this series, you likely have some more money in your pocket. Don’t

Should I Pay Off Debt or Invest?

The one personal finance issue that I debate internally over quite a bit is whether one should pay off debt or invest if all they

The One Hour Project: Create A Visual Debt Reminder

Keeping your focus on getting out of debt can be a challenge for some people. It’s so incredibly easy to just not think about it

(Just Like) Starting Over

Over the last day or two, I’ve been going through the piles of email that have built up since the birth of my daughter and

Potential Pitfalls For Paying Off Someone Else’s Debt

I received a really interesting story from a reader named John. He has his financial head in the right place, but some other pieces of

The Real Scoop On Debt Elimination Programs

I get a lot of email from readers (and from spammers) about so-called debt elimination programs – organizations that promise to “eliminate” large portions of

Minimizing Interest Rates Or Minimizing Monthly Payments?

A reader named Tom writes in to ask: You’re always talking about minimizing interest rates when it comes to reducing debt. Shouldn’t you really focus

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